For condo owners: Do you get building insurance for your own unit?

**dr. d** · February 22nd, 2022 10:31 AM

Originally Posted by ice15

just sharing...

was planning to insure our unit, kaso insurance does not want to include earthquakes kasi our condo is 950m away from a fault line.

inquire if your condo is already automatically insured by the building operator.

**ice15** · February 22nd, 2022 10:42 AM

Originally Posted by dr. d

inquire if your condo is already automatically insured by the building operator.

yes the "condo" is insured

something happens to the unit that affects the facade and hallway, they will have it fixed
anything inside the unit owner's problem

**dr. d** · February 22nd, 2022 10:46 AM

Originally Posted by ice15

yes the "condo" is insured

something happens to the unit that affects the facade and hallway, they will have it fixed
anything inside the unit owner's problem

inquire from the insurance provider, if they have coverage that does not include earthquake.
fire, water leak damage, vandalism, theft...

**Deestone** · February 22nd, 2022 10:48 AM

Usually if you get bank loan you are required to pay MRI monthly and on top of that Fire insurance of your unit. For earthquake, the building corp insurance covers it.

**ice15** · February 22nd, 2022 10:55 AM

Originally Posted by dr. d

inquire from the insurance provider, if they have coverage that does not include earthquake.
fire, water leak damage, vandalism, theft...

yes... they were offering something a bit more expensive without the earthquake clause...

plus there's a clause that they will investigate the incident to confirm that it was not caused by an earthquake.

anyway, will most probably get one this year since ex-staff ko yung agent