Homeowners' insurance
What is it actually?
Managing a shared residential building comes with heavy legal and financial responsibilities imposed on the House Committee representatives. House Committee insurance is designed to protect the building and the committee members from physical damage to the shared property (lobbies, elevators, shelters, water systems) and from tort claims by tenants or guests.
Why do you need housing association insurance?
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Third-party liability: If a messenger slipped in the wet lobby, or a guest was injured by a falling light fixture, the person sued is the house committee and the tenants.
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Property damage: A fire in the central electrical cabinet or a flood that disables the elevators could cost tens of thousands of shekels, which will be collected directly from the pockets of tenants without insurance.
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Responsibility of committee members: A good policy provides legal protection for the committee members themselves who work voluntarily.
Why choose us for insurance?
Collecting special funds from tenants for unexpected repairs is always a source of conflict. We offer comprehensive and dedicated policies for building committees, including broad coverage, low deductibles, and fast claims processing, so that you – the committee members – can continue to manage the building with peace of mind and zero worries.
