Obligation to take out civil liability insurance

Like all co-owners, the co-owner of an apartment is now required to take out a co-owner insurance contract. This insurance covers civil liability both towards the tenant, the neighbors, the co-ownership, and more generally third parties. From this obligation was born the “Non-occupying owner” insurance contract known as the PNO contract.

In all these cases and whatever the damage for which you can be declared responsible, your civil liability will be covered by the PNO contract.

>> Read also – Co-ownership insurance: obligation and coverage

Specific features of the PNO contract

In addition to the guarantees encountered in a classic multi-risk residential contract, namely in the event of fire, explosion, water damage, theft, vandalism, natural disasters, etc., covering the apartment and its contents (furniture, embellishments, etc.), the “Non-occupying owner” contract is much more than a classic multi-risk home.

It can compensate for any inadequacies in the insurance taken out by the tenant, compensate your insured property and cover you if your owner’s liability is called into question. In the event of a rental vacancy, a period during which the presumption of rental liability cannot apply, your contract covers any claim affecting your rented property or which may have arisen there during this period of vacancy. The PNO guarantee thus allows the owner to assume the liability incurred vis-à-vis third parties, but also the financial losses resulting from damage to his rental property. Very often a major disaster leads to a forced rental vacancy which can be prolonged to allow the restoration of the premises. In this case the owner suffers a loss of rent (following a guaranteed loss) that the PNO contract allows to compensate thanks to the guarantee “loss

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