Residential Complex and Apartment Building Insurance

Protect common areas, lifts, fixtures and the building management's liability with a single package policy.

Who is it for?

Apartment building and residential complex managements that want to protect their common areas
Managements that employ a caretaker, security or cleaning staff
Buildings with shared equipment such as lifts, generators or water pressure pumps
Complexes with large common areas such as car parks, pools, gardens and social facilities
Professional property managers who want their liability to owners clearly defined

What is Residential Complex and Apartment Building Insurance and what does it do?

In a building, everyone's flat is their own, but the entrance, lift, roof, car park and garden are shared. When something happens there, the bill is shared too. Residential Complex and Apartment Building Insurance protects exactly this: the building's common areas, its fixtures and fittings, and the liability that falls on the building management.

As well as major risks such as fire and earthquake, the smaller incidents that disrupt daily life are covered too: an accident in the lift, water leaking from the water tank, a broken entrance door pane or damage in the car park. Third-party liability cover takes care of what these incidents cost the management.

For managements with staff, employer's liability cover protects against work accidents involving the caretaker and other staff. One policy, one renewal date and a team that handles the process for you: an arrangement that's easy to explain at the owners' meeting.

When you take it out with Atom Sigorta

Common area, fixtures and liability covers in one package
The management isn't left on its own after accidents involving the lift or building services
Employer's liability protection for managements with staff
Sums insured updated in line with the policy, so your cover keeps its value
Guidance in disputes, with legal advice support
One renewal date and a simple premium breakdown that's easy to explain to owners

What's covered

What does the policy cover?

Depending on the package you choose, some or all of the cover below can be added to your policy.

Fire, Lightning, Explosion and Smoke

Covers damage from fire, lightning and explosions in common areas. The building's common parts and fixtures are protected.

Earthquake

Protects against physical damage caused by an earthquake to the building's common parts, installations and fixtures, within policy limits.

Flood, Storm, Hail and Weight of Snow

Covers damage from natural events to the roof, façade, garden and common area equipment. Flooded basements are one of the most common cases.

Theft

Protects against theft of fixtures and electronic equipment in common areas, and of cash and valuable documents in the management's safe.

Escape of Water

Covers water damage from shared plumbing, water tanks and pressure pumps, and damage caused by poor insulation.

Glass, Sign and Totem Breakage

Covers breakage of entrance door glass, stairwell windows, mirrors, the complex sign and totem signs.

Machinery and Electronic Equipment Breakdown

Protects shared equipment such as lift motors, pressure pumps, generators, camera systems and automatic doors against unexpected breakdown and breakage.

Third-Party Liability

Covers the management's liability for incidents that harm third parties and arise from lifts, central heating, water tanks, electrical and plumbing systems, or the car park.

Employer's Liability

Protects the management against the compensation it may owe if a caretaker, security guard or cleaner dies or is disabled in a work accident.

Fire Liability

Covers liability for damage that a fire or water leak starting in a common area causes to neighbouring properties and third parties.

Personal Accident

Provides cover for death and permanent disability resulting from an accident. An extra layer of protection for people working in the common areas.

Debris Removal and Temporary Relocation Costs

Covers the cost of clearing rubble after major damage and of temporarily moving damaged fixtures to another address.

Cover, exclusions and limits vary with the package you choose and the policy's general and special terms. To work out the right set of cover for you, call us on 0850 303 28 66.

Frequently asked questions

Your questions about Residential Complex and Apartment Building Insurance

If your question isn't on the list, give us a call. We'll keep explaining until it all makes sense.

No. The package policy protects the building's common areas, fixtures and the management's liability. For the inside of flats and personal belongings, each owner needs their own home insurance.

The policy is issued in the name of the apartment building or complex management. The premium is usually paid from shared expenses and split between the owners through the monthly service charge (aidat).

Incidents caused by the lift that harm third parties fall under third-party liability cover. Having regular maintenance and valid inspection records makes the claims process easier.

Yes. Compulsory earthquake insurance (DASK) only covers earthquake damage to the building, and only up to a set limit. Common area fixtures, liability covers, theft and water damage fall under this package.

Employer's liability cover pays the compensation the management may owe if an employee is harmed in a work accident. You just need to share the number of staff and their job descriptions when the policy is set up.

Incidents arising from common areas that harm third parties fall under liability cover. What caused the incident, and whether the management is responsible, is established by a loss adjuster's assessment.

It's based on the common area floor space, the construction type and the replacement value of shared fixtures. We'll list equipment such as lifts, generators and camera systems together and arrive at a realistic amount.

Because the policy is issued in the name of the building's management, a change of manager doesn't interrupt cover. We just need to update the new management's contact details.

Get a quote

Get a quote for Residential Complex and Apartment Building Insurance

Send us a few details on WhatsApp. We'll compare the options from the insurers we work with and share them with you in the same chat.

Quicker by phone

0850 303 28 66 hakan@atomsigorta.com