RESIDENTIAL SHARED SPACES INSURANCE
As NART, we secure the shared spaces of the sites and apartments against all risks.
In apartment and housing complex living, common areas and the fixtures within them are exposed to numerous risks. At NART, we protect these shared spaces under a single policy, covering all risks—from fire and theft to machinery breakdown and natural disasters—ensuring the safety of communal living areas.
It is a type of insurance that covers damages occurring in common areas and to fixtures within multi-residential buildings such as apartments and housing complexes. It offers broad coverage, ranging from fire and theft to machinery breakdown and glass breakage.
By law, the following areas are considered common property:
Foundations, main structural systems (columns, beams, walls)
Staircases, landings, entrance halls, elevators
Main entrance doors, garage, shelter, water tank, boiler room
Sewer systems, electrical, telephone, and antenna installations
Roofs, chimneys, fire escapes, rooftop terraces
Additionally, security cabins, swimming pools, playgrounds, advertising boards, and other shared areas for use, protection, or benefit can also be included in the insurance coverage.
It is important to include in the policy areas that are not explicitly defined by law but are in practice used commonly.
The insurance policy should be tailored to the specific needs of the apartment or housing complex.
You should work with a reliable insurance company that will fulfill its commitments.
