Wednesday, September 19, 2007

Pergunta 8 OS 3

Are people obliged by law to insure their properties multi-risco?

Ofcourse we advice it. Where can we find these obligations?

Hermy and Marijke

---

Until 1997 (If my memory is correct) it was the simple fire insurance.

Since then the "Seguro Multi-Risco." has become mandatory as there are several different causes that were not foreseen in the previous system which had reprocussions mainly in court, eg. damages caused in common areas in Condos...

Hence it is the mandatory insurance for nationals and residents. Non-residents also, but it seems in the Algarve is has not been so.

Again, insurances are a subject in Despacho 707, but have not been brought out in exams. I bring it into the limelight because this a sure topic if this were to happen...

No comments: