Sikringsordning (default-protection scheme)

A sikringsordning is insurance a cooperative can take out against residents not paying their felleskostnader. If a neighbour defaults, the scheme covers the missing felleskostnader, usually for up to 24 months, so the cooperative does not have to push the loss onto the other residents. This is a product the cooperative chooses to buy, not a right that follows from the law, and cover and terms vary between providers, so “up to 24 months” is a typical frame rather than a guarantee. Check the sales prospectus or the articles of association for whether the cooperative has a sikringsordning; if it does not, look extra carefully at the cooperative’s finances and payment history.