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Insurance for the common parts of a block of flats
In our own estimate, the basic example costs from €365 to €405, depending on the company. From there, 5 tables with 15 bands in all raise or lower the price: the same steps at every company, at another height.
The prices are our own estimates, and they can be wrong. They are not offers or an official ranking, and we sell no insurance. The algorithm is public. Why
The prices of each company are our own estimate. They come from our own research of the market and our judgement as people of the industry. They are not a price that the company publishes. We can be wrong, and the order of the ranking is more reliable than the exact price. Only the company gives the real price, with all your details. None of the 6 companies gave us a price.
The reference case
The price of the example is the one the comparison shows for these answers: the base of each company, the rates on the sums insured, the factors and the extra covers of the example.
- Flats
- 10
- Floor area of all the flats (m²)
- 900
- Year built
- 1990
- Lift
- Yes
- Use of the building
- Homes only
- Claims in the last five years
- None
- The reference tier
- Full, without earthquake
- €365 - €405
The tiers
The price of the basic example by tier, base and percentages on the sums insured, at the company with the cheapest and the company with the dearest estimate.
| Plan | Cheapest | Dearest | Spread |
|---|---|---|---|
| Fire and liabilityCovers fire and the liability of the block. | €241Μινέττα Ασφαλιστική | €268Allianz Ευρωπαϊκή Πίστη | +11%6 companies |
| Full, without earthquakeAdds water, bad weather, glass and vandalism. · the reference tier | €365Μινέττα Ασφαλιστική | €405Allianz Ευρωπαϊκή Πίστη | +11%6 companies |
| With earthquakeAdds earthquake as well. | €733Μινέττα Ασφαλιστική | €805Allianz Ευρωπαϊκή Πίστη | +10%6 companies |
The factors
Every insurer has the same bands, but its own coefficients
Every figure is one table of the calculation. The two columns in each band are the cheapest and the dearest estimate for the basic example.
From × 1.00 to × 1.24 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| up to 15 | × 1.00 | × 1.00 |
| 16 - 30 | × 1.03 | × 1.04 |
| 31 - 50 | × 1.09 | × 1.12 |
| over 50 | × 1.18 | × 1.24 |
From × 0.96 to × 1.24 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| after 2005 | × 0.97 | × 0.96 |
| 1986 - 2005 | × 1.00 | × 1.00 |
| 1960 - 1985 | × 1.09 | × 1.12 |
| before 1960 | × 1.18 | × 1.24 |
From × 0.96 to × 1.00 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| without a lift | × 0.97 | × 0.96 |
| with a lift | × 1.00 | × 1.00 |
From × 1.00 to × 1.12 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| homes only | × 1.00 | × 1.00 |
| with shops or offices | × 1.09 | × 1.12 |
From × 1.00 to × 1.36 along the scale. Click a band or drag the control.
× 1.00 ±0 € × 1.00 ±0 €
The table with the figures
| Band | Μινέττα Ασφαλιστική | Allianz Ευρωπαϊκή Πίστη |
|---|---|---|
| none | × 1.00 | × 1.00 |
| one | × 1.12 | × 1.16 |
| two or more | × 1.27 | × 1.36 |
Rates on the sums insured
Whatever is priced on a sum you declare, the value, the building, the capital, enters the price before the factors.
| Cover | In tiers | Cheapest | Dearest |
|---|---|---|---|
| Common parts, fire: 0% of €337,500on €337,500 | Covers fire and the liability of the block. | 0.5‰€167 · Μινέττα Ασφαλιστική | 0.54‰€182 · Allianz Ευρωπαϊκή Πίστη |
| Common parts, all perils: 0.1% of €337,500on €337,500 | Adds water, bad weather, glass and vandalism., Adds earthquake as well. | 0.79‰€267 · Μινέττα Ασφαλιστική | 0.86‰€290 · Allianz Ευρωπαϊκή Πίστη |
| Earthquake: 0.1% of €337,500on €337,500 | Adds earthquake as well. | 1.09‰€368 · Μινέττα Ασφαλιστική | 1.18‰€399 · Allianz Ευρωπαϊκή Πίστη |
Extra covers
A flat price a year, unless the tier already includes it.
| Cover | Inside the tier | Cheapest | Dearest | Spread |
|---|---|---|---|---|
| Legal protection for the managerA lawyer for the manager, when an owner does not pay the common charges or when someone sues the block. | - | €179Μινέττα Ασφαλιστική | €210Allianz Ευρωπαϊκή Πίστη | +17%6 companies |
| Employer liabilityFor a block that pays a cleaner or a caretaker: an accident at their work. | - | €10Υδρόγειος Ασφαλιστική | €12Allianz Ευρωπαϊκή Πίστη | +20%6 companies |
| Pool or playgroundThe liability for anyone hurt at the pool or the playground of the block. | - | €10Υδρόγειος Ασφαλιστική | €12Allianz Ευρωπαϊκή Πίστη | +20%6 companies |
| Technical help, 24 hoursA plumber, an electrician or a locksmith for the common parts, with one call. | - | €25Μινέττα Ασφαλιστική | €29Allianz Ευρωπαϊκή Πίστη | +16%6 companies |
| A higher limit for glassFor the glass of the entrance and the stairwell, which costs more than the package covers. | - | €20Υδρόγειος Ασφαλιστική | €23Allianz Ευρωπαϊκή Πίστη | +15%6 companies |
Minimum premium: from €74 to €86 depending on the company. No price falls below its own.
Instalments: in two halves the year costs 8% to 8% more, and in four quarters 16% to 16%, by company.