-Insuring a condo unit in DR ?

I am starting this thread to share experience between owners of apartments, or condominium units, when it come to shop around for an insurance.

I am in the process of switching. I find my own insurance too expensive (800US$/year) for a small apartment, non-luxurious, 340m from the ocean, first-floor with a cement-roof (second-floor is cana roofed). This in in Las Terrenas. It never gets flooded, even when huge rains, and it also seems pretty much hurricane-proof (God willing !!!)

I am looking for a insurance that would cover only fire damage to third.

Some might not insure at all, but it is quite risky, as if a fire starts from one's apartment and burns the whole building, one won't be able to pay for it, hence such a type of policy as mentioned above.

-What is your experience, you DR1 reader, if you own an apartment/condo unit here in the Dominican Republic ?

Another question would be:

-Can a condo unit have a different insurance than the other units of the condominium ? (ie. some apartments are insured with company X, while the others are insured with company Y)

POP Bad Boy said:

......The "Condo Association", if they have one, usually would purchase a blanket policy for coverage on the building and liability........

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Indeed, you are right, this is the case here...

POP Bad Boy said:

Individual unit owners would purchase an individual policy which would cover the contents and inside improvements which can be with any company the owner wishes..........it does not have to be the same as any of the others.

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-Can a condo unit owner get away with not insuring his good ?

POP Bad Boy said:

.......It should be noted that many of the "individual unit" condo policies sold in the DR **DO NOT** include liability and you would need to obtain a separate policy for that............ (incidently, this is also the case with homeowner's insurance.............many DO NOT include liability coverage).......a coverage which many should consider since more and more liability cases are now being brought to the courts in the DR.........

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Excuse my bad English, but by liability, do you mean damage to third (ie. a fire starts in my apartment and burns the rest of the building...) ?