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Bank Loan

Posted: Fri Sep 13, 2019 2:57pm
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Posts: 46

star3 helpful points

Location: Las Filipinas

Joined: 11 Nov 2017

I'm just exploring possibilities; do banks grant loans to Communities?

We have had some significant damage caused to our Community Pool area overnight from the torrential rain.

Obviously we have insurance so does the owner of the property whose tidal wave rushing through his garden caused the landslide crushing walls and uprooting trees.

However we don't think our Community Funds will cover the cost of repairs and we all know the Insurance Companies will try and wriggle out of accepting liability, hence my enquiry.

Posted: Sat Sep 14, 2019 9:36am

Cheryl

Legendary helpful member

Posts: 2973

star3538 helpful points

Location: Albatera

Joined: 8 Jun 2017

Posted: Sat Sep 14, 2019 9:36am

Hi there, This is an old article I found, https://www.theolivepress.es/spain-news/2016/12/21/flood-advice-how-to-claim-on-insurance-following-costa-del-sol-deluge/ 
I would hope the worst storms in many years would come within the scope of this.

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