Compare Holiday Home Insurance in Spain
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House and holiday home insurance in Spain includes the costs of removal of any debris, legal fees, architect fees and licences needed to rebuild or repair the property. Beware, Spanish Bank insurance policies to protect their loan or mortgage are very basic and can be expensive. They are designed to protect the value of the loan against the building, not the contents or any of your possessions.
It is important to compare the different policies available to you before deciding which is the best fit. You should also consider the cost of each policy, as well as the coverage that it offers. You can find information on all of the available policies in Spain by visiting the websites of the insurance companies that offer them.
Personal insurance
Yes, our house contents insurance will cover you as standard for up to a period of 30 days unoccupied. This can be increased for up to 180 days, as long as you notify the insurance company or insurance agent prior to extending the unoccupied period. If a property is vacant or left unoccupied for more than 180 days, theft cover is not available. Accidental damage insurance is offered an option on house or contents insurance policies and you will have to pay an additional premium for this service.
In Spain, there are many companies that can provide inexpensive alarm systems on a subscription basis. Alarm systems can contact the local police stations direct and provide you with a text message that your alarm has been triggered. Theft or burglaries whereby jewellery or watches have been taken off and left on the side table will not be covered. Amounts of jewellery or are a collector of things, they can all be covered. But the main difference of course would be the vulnerability to crime. Burglars and criminals are likely to target your property if it is easy to steal your items given that your property is empty and and unwatched.
Home Insurance Spain
This is because awards for damages also tend to be much lower. Many home insurance policies in Spain automatically renew unless you give advance notice of termination. Typically you will need to write to the company informing them of your decision and giving reasons. The insurer has the right to refuse to renew the contract if they have a valid reason and give you 15 days’ notice. You will need to complete a claim form and give details of the policyholder, policy number, and details of your claim.
Many properties in Spain are broken into because they do not have multi point locks on their door and windows. Patio doors are a common access point, and the insurance company will want to know what protections you do have in place. This generally means that your house or property insurance values goes up each year and hence the possible slight increase in premiums at renewal. So, the moral of this example is that insurance can be fickle if not done properly. Most people are quite surprised at how much value they have in contents in their property.
INSURING HIGH VALUE ITEMS IN SPAIN.
In Spain, you should know that home insurance is not compulsory.It is mandatory only if the property is mortgaged. In this case, the owner must have insurance that covers at least against fire. Having home insurance guarantees a daily peace of mind as it covers many situations such as a burglary or natural disasters. Note that your kitchen cabinets and fittings form part of the contents of your property and not part of the buildings insurance. You should always make a comparison between companies before choosing a policy.
It is usual for each community to have community insurance to protect the residents against buildings cover and public liability insurance. You can save your time and money by getting rates from a number of Spanish home insurance companies and comparing them. When you hire insurance brokers they go straight to their best sources in Spanish home insurance companies and can get you some really low rates that you would not have gotten without them. You should expect to have a claims experience with holiday home insurance in Spain that is similar to what you would experience with any other type of insurance. Claims processes will likely be the same, and you will likely need to provide evidence of any damages or losses.
Always request a copy of the insurance document before buying the property and get your Lawyer to check it out. You will need to get your own apartment buildings insurance to protect you against broken pipes, and more importantly any liabilities. Most Spanish Banks will insist that you take one of their buildings insurance products as part of the deal to get the loan or mortgage. Failure to do so could result in the Spanish Bank increasing your mortgage or loan interest rate, which is totally illegal and should be reported to the Spanish ombudsman. However this does vary from each Spanish insurance policy and company, so do check carefully whether the policy protects against flood or subsidence or if you can get cover for these for an additional premium. Realistically the major reason for taking out a home contents insurance policy in Spain is to protect yourself against a break-in from burglars or thieves.
The higher the contents value, the higher the risk, hence the higher the premium – simples. Contents insurance in Spain is designed to protect your contents against loss, damage or theft. Home contents insurance covers those items that you would normally take with you if you were moving home, including some white appliances such as fridges, freezers and microwaves. There are no online property insurance comparison websites for Spanish insurance companies.
If you have a holiday home in Spain, you may want to consider getting holiday home insurance. Holiday home insurance in Spain can help protect your property in the event of a claim. Spain is a beautiful country with a rich culture, and you never want to be without the protection of insurance if something happens while you’re away. When planning your trip, make sure you take into account holiday home insurance.
It is false economy to pay monthly as you invariably end up paying more as interest is charged. Our policies are in English with support staff who speak English fluently – invaluable should you have an incident which requires a claim to be made.
We explain home insurance in Spain and how you can get cover. In most policies you are covered for help should your claim require legal assistance. The teams of legal personnel will be on hand to help you with the process. Really being able to relax means being able to switch off from everything.
This optional guarantee means you will be covered against any damages that may be caused to the structure even if you do not own the home. They also provide a free ‘host guarantee’ that covers damage to the host’s home or property caused by guests, up to $1million subject to numerous terms and conditions. This however is not insurance and Airbnb states that it “should not be considered a replacement or stand-in for homeowners or renters’ insurance” –click here to find out more.
Our policy holders have our assurance that we will submit their claims for them against the Consorcio and keep them advised on progress. This service if completely free of charge although we are under no obligation to do so as it is a Consorcio claim and not an insurance claim. Even if the property is furnished, the contents cover will be basic, unless it is an extremely valuable property with luxurious and expensive furniture and contents. Often when items in the home go wrong they can be undiscovered for a substantial time making the damage even worse. Let us look at some of the differences between holiday home properties and a property that you have bought your personal and permanent use. Firstly let’s look at why it could be so important to have adequate levels of insurance cover for your rental property.
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