A standard insurance cost for a €300,000/£215,000 apartment with contents valued at €48,000/34,300 would be €280/£199 per year. One should note that in an apartment building, the Homeowners' Association is required to insure the building for its reproduction cost. Therefore, the individual's insurance policy for the apartment need not cover the entire value of the apartment, but only damages to the interior of the apartment, its contents, and third party liability. It is also advisable to insure the building at first risk in case the Community insurance is not comprehensive. For a villa with a reproduction value of €500,000/£357,000 with contents insured at €180,000/£128,600 the annual insurance would be in the area of €1,550/£1107.