Property insurance in condominium ownership
Owning an apartment or a residential unit is a significant step in everyone's life. However, this ownership also comes with certain risks and responsibilities that should not be underestimated. One of these responsibilities is proper and adequate insurance for your property. Owning an apartment, especially within a co-ownership structure, can entail various risks, thereby financially endangering different parties. Before you start thinking about insuring an apartment you own as part of a co-ownership (i.e., as a member of an HOA), you should clarify at least a few questions, which will be explained by our colleague Jakub Tuček.
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