For many people their biggest asset is their home and as a home-owner building and contents insurance is essential. Even if you are renting a property in Spain it would be wise to insure your contents. Insurers now offer a range of covers to suit the specific requirements of this market. Standard comprehensive policies are available which include public liability insurance. Some insurers are now extending these to include "all risks" and accidental damage cover.

Home insurance policies in Spain are generally on a "new for old" basis and it is important that the contents sum insured reflect the replacement value.
The building sum insured should be the rebuilding value for buildings.
Rebuilding costs have risen dramatically in Spain over recent years and it
is important that your rebuilding sum insured is realistic or any claim may be reduced for this.

As a rough guide your rebuilding sum insured should be about 1,500 euros per M2 of your constructed property.

If you rent out your property make sure that your insurers are aware, and check that you have adequate public
liability cover as a landlord.
Many people who live in communities assume that their community policy will provide cover in the event
of damage to the buildings. This is not always the case and advice on this point or any other matter
should be sought from your insurance adviser.

If you require help with your home insurance or a quotation please contact us