If you own a home or condo,your wealth may disappear overnight due to a fire, hurricane, or earthquake. You may also have partial damages that affect your economy and that may force you to rent a temporary space in which repairs are made and you can return to your home.

All condominium associations must have an HOA master insurance policy to protect common areas against damage caused by the risks they face in their daily operation and natural phenomena: fire, explosion, lightning, earthquake, volcanic eruption, storms, hurricanes, floods, avalanches, landslides, damage to third parties and owners within the facilities, breakage of machinery and electronic equipment, theft and breakage of glass, mainly.