Home Insurance in Spain

Table of Content

• Our team of experts will advise you on the insurance cover that is best suited to you.
• Cancel your bank insurance policy.
• How long can I leave my property vacant in Spain?
• Calculating the contents value of your property.
• A real insurance example: Apartment in Barcelona
• Home contents insurance costs
• Home Insurance Spain – Caser Expat Insurance

You might also think about the need for a Life Insurancepolicy at this point in time as it can also be assigned to the bank, along with your house insurance policy. Spain is relatively new to the phenomenon of price comparison sites which are much more common in other countries. There is no Go Compare, Compare The Market, Money Supermarket or Confused.com. However a new online website from Asesor Seguros does compare prices between the best Spanish insurance companies. The amount of cover you can insure for is the cost of rebuilding your home from scratch – not how much the current market value of your property is.

Ask yourself how much it would cost you to replace the items in that room, curtains, curtain poles, side tables, lamps. 6 pairs of designer shoes can soon push the contents value higher. Es, umbrellas and these are all classified as contents that are on your property.

Our team of experts will advise you on the insurance cover that is best suited to you.

This has made the country a popular holiday destination for people of all ages. Holiday home insurance is important for anyone who plans to stay in a holiday home for an extended period of time. At BZN Lex INTERNATIONAL LAWYERS we would like to advice you with the best home insurance with the most proper coverage that you will need and at the best price. Yes, in Spain home insurance includes a tacit renewal clause. To cancel, you must notify the company or the broker 1 month before the contract expiry date .

However, not all homes are covered by holiday home insurance in Spain. It is important to compare holiday home insurance quotes in Spain before purchasing a policy. There are a number of reputable insurance companies in Spain that offer competitive rates.

Cancel your bank insurance policy.

This fact unfortunately also decreases the chances of them to get the best least possible rates. There are several formulas to adapt to your specific the needs. First, you should know that all contracts include civil liability coverage, legal defense and home assistance 24 hours a day, 365 days a year. Fire, water damage, burglary, natural disasters… Don’t be left uncovered when something unexpected happens! Home insurance covers the home itself, the content and civil liability for the occupants. As a result, a lot of Spanish insurance companies offer holiday home insurance, sometimes called second home insurance .

Nevertheless, it may also leave you with poor cover and at risk of being underinsured. If this is your current case, you may end up paying more in the long run for not having enough cover when you need to submit a claim. You should contact your insurance company or the insurance broker who manages your contracts. When it comes to collectable items, antiques and jewellery it might be necessary to have the items valued . An insurance company may want an individual list of all items with an individual value of more than 3,000€ and they should be itemised in the policy.

How long can I leave my property vacant in Spain?

Buildings cover insures the structure of your property, and all fixtures. If you buy with a mortgage, your lender will insist on buildings cover. Step one – File a complaint in writing with the Ombudsman or Customer Service Department of your insurance company.

Hotel accommodation in the case that the property is rendered uninhabitable, to a maximum of €180 per day, for a maximum of 10 days. For this Coverage to apply these belongings must be taken from a hotel or rented apartment, a property that you do not own, or a means of transport. Damage sustained during building work, which is the responsibility of the construction company. Damage caused by water which is stored for use in firefighting equipment. Remember that the firefighting system is to prevent the spread of fire in case of emergency, not to cool down the room on a hot summers day.

Step two – If you’re not happy with the response or you don’t receive a response within two months, you can take the complaint to the DGSFP. They will assess the complaint after contacting the insurer and issue a report stating whether they feel the company has complied with the law. Straightforward claims are normally settled within a few weeks. If there are any queries and you have to provide additional information, it may take longer. According to Spanish law, you should be reimbursed within three months of the date of the incident.

Remember that online comparison sites, although a good place to start, only provide basic info such as the price but you won’t have the small print to really understand what is covered and what’s excluded. You leave yourself open to a claim of underinsurance and the insurer would reduce the pay out. Not only would your pay out not be sufficient to rebuild your property it could be reduced further because you didn’t pay the correct premium for the risk. If you’re reading this then you probably already realise that it makes sense to organise home insurance in Spain. Your property will probably be the biggest investment you’ll make, however it’s also the one where you stand to lose the most if something happens and you’re not insured. The majority of us wouldn’t be able to afford a rebuild, nor replace all our furnishings and fittings, and that’s why you need to think carefully about home insurance.

It doesn’t make us feel good to buy it but it does give peace of mind. However, it only does that if you take out the appropriate level of cover and pay the relevant premium. To calculate your buildings cover you need tocalculate the rebuild cost and not the resale value. Your premium is calculated in a personalized way based on your data. If the data is wrong, it may happen that when you declare a claim, the insurer does not take care of the consequences.

Home assistance, 24 hours a day, 365 days a year, with just a simple telephone call. Damage sustained through malicious acts will not be covered. Do you prefer to keep your speedboat in the garage than in a marina 500km away? Do you never know where your car insurance ends and your home insurance begins? Damage caused in the pursuit of a profession or service within your home.

Housing regulations in Spain

This is because it is a common purchase among renters who typically don’t need building insurance. However, contents insurance is frequently sold together with building insurance to Spanish homeowners. English services, travel assistance, and the best coverage for your home insurance in Spain. If the vehicle insurance covers accidents in the garage, Caser will not be responsible for the accident. Moreover, total loss of the vehicle is covered, which will be governed by the market value at the time of damage. As stated in the preceding section, it is possible that a property can suffer damage to the extent that you and your family cannot continue to live in it for a certain period of time.

Remember that this is not intended to be specific legal advice, just a general overview. As independent lawyers, we can help you both by assisting you to pre-empt most tenancy issues as well as to oversee a tenant eviction procedure, if required. Due to health issues, Money Saver Spain is currently offline until the new year 😞 Apologies for any inconvenience caused. Just click the ‘Get A Quote’ button to get an online quote for Spanish Holiday Home Insurance.

Home contents insurance costs

Access to the best insurance coverage in the market and quality services by the agency of brokerage. There are a few companies offering overseas property insurance. The premiums might be a bit more expensive, but on the plus side all the documentation and service is in a language you understand.