I have a town house in Manilva on an urban. of 15 houses in 2 blocks. We have community insurance costing about 1300 euros a year paid out of the community fees. This covers the bulk of building, common walls etc. We then pay our own insurance for contents, water damage, electricity damage and your own internal walls etc. My cover for 6000 euros esthetic damage, 20,000 contents, etc works out 150 euros a year. Originally I paid 350 euros a year until I discovered what the community insurance covered. I was then able to reduce my cover to bridge the gaps. Our administrators are an agent for Zurich Insurance so we use them for community and private insurance. Most of the 15 houses have done this.