{"id":8344,"date":"2026-09-30T13:39:49","date_gmt":"2026-09-30T13:39:49","guid":{"rendered":"https:\/\/parte.be\/blog\/\/is-your-apartment-double-insured-how-to-avoid-two-premiums-for-one-building\/"},"modified":"2026-09-30T13:44:34","modified_gmt":"2026-09-30T13:44:34","slug":"is-your-apartment-double-insured-how-to-avoid-two-premiums-for-one-building","status":"publish","type":"post","link":"https:\/\/parte.be\/en\/blog\/insurance\/is-your-apartment-double-insured-how-to-avoid-two-premiums-for-one-building\/","title":{"rendered":"Is your apartment double-insured? How to avoid two premiums for one building"},"content":{"rendered":"\n

Do you own an apartment in a building managed by Parte? Then your building is already insured through the Owners Association (VME). Therefore, you do not need a separate fire insurance policy for the walls of your apartment.<\/p>\n\n

Nevertheless, some banks and mortgage brokers still request a full home insurance policy, especially for a mortgage loan. The result: the same building is insured twice and you pay two premiums for a single coverage. In this article, you will read what your building's policy covers, what you still need to insure yourself, and what you should provide to your bank.<\/p>\n\n

What the Owners Association's fire insurance covers<\/h3>\n\n

The law requires the Owners Association to insure the building against fire and water damage, among other things. In the co-owned properties we manage, this policy covers the entire building, without distinction between common areas and private units.<\/p>\n\n

Specifically covered are:<\/p>\n\n