- 02 Aug 2022
Ηow is 'building' defined?
- Updated on 02 Aug 2022
By ‘building’ we mean the construction and its facilities, but only those which lose their value if they are separated from the building (central heating, doors, windows, fitted carpeting, hydraulic/electrical installations, built-in wardrobes, false ceilings, wallpaper).
In the case of an apartment in a block of apartments, common and communal spaces and building facilities are included (e.g. boiler rooms, lifts, etc.) The amount corresponding to the portion attributable to the owner of the insured apartment is calculated for compensation purposes.
The following are also included: garage, storage rooms, fencing, yard fencing, swimming pools, underground tanks, objects built into the exterior of the building (e.g. antennae, canopies, solar panels) and, more generally, permanent and legal attachments and home appliances.