Insuring your home

Once you’ve purchased a property in Spain, we recommend you insure both building and contents adequately.

Building insurance

Standard building insurance provides cover for the property itself, including the structure and fixtures, based on the insurable value (calculated as the cost of rebuilding the property, not including land), in line with standardised tables. The quality of the build affects its value, hence if your property is built with very high-quality materials, you should ensure the insurer is duly informed.

Contents insurance

This provides cover for everything that is not an integral part of the structure and fixtures of the property, including such items as furniture, electronics, white goods, jewellery, and other personal belongings. Typically, policies include umbrella coverage up to a certain sum, but may have limitations for specific items, so if you do own objects of value, confirm these are covered by the policy or pay a supplemental fee to include these. You should be able to reduce insurance premiums by fitting security measures, such as burglar alarms, window bars or shutters, and reinforced doors. Ask your insurer whether this is worthwhile in your case.

Third party liability and renting your property 

Almost all home insurance policies sold in Spain include some kind of third-party liability coverage for any claims that could result from issues with your property. This may well be less than you are used to if you live abroad, but awards for damages are also generally lower. If you plan to rent out your property, you should ensure your insurer is informed and your policy covers additional risks, if necessary.

Community Insurance

If your property is located in a development, the community may already have insurance in place to cover the building and third-party claims, but we recommend you always insure your own property individually. Any contribution to community insurance premiums is usually included in the monthly or annual community fees.

Costs

Home-insurance premiums in Spain are relatively cheap compared to many other countries. There are various online comparison sites where you can tailor a quote to your particular needs, but we can provide details of reputable insurance brokers who are used to dealing with overseas clients. We also offer specialised insurance for high-value properties from insurers such as Hiscox.

For recommended insurance providers please contact us.


Properties for sale

New Listing Benahavis, A striking trophy residence with scenic views for sale in the affluent private community of El Madroñal, Benahavis

A striking trophy residence with scenic views for sale in the affluent private community of El Madroñal, Benahavis

Ref. TMXV1721

  • 5 beds
  • 5 baths
  • 650 m² built
  • 3.800 m² plot

Nestled in the confines of the ultra-exclusive El Madroñal with its unique pine and cork forest, this villa encapsulates the Costa del Sol lifestyle yet delivers tranquil energy boasting breathtaking 180...

4,500,000 €
New Listing Marbella Golden Mile, Modern 2 bedroom apartment in the glamorous seafront development of Marina Puente Romano, Marbella Golden Mile

Modern 2 bedroom apartment in the glamorous seafront development of Marina Puente Romano, Marbella Golden Mile

Ref. TMXA0722

  • 2 beds
  • 2 baths
  • 131 m² built
  • 34 m² terrace

Situated midway between Marbella and Puerto Banus in the ultra-exclusive community of Marina Puente Romano, this spacious and refined apartment permeates a contemporary aesthetic. Infused with an atmosphere...

2,500,000 €
New
Development
Benahavis, New avant-garde villa with infinity pool for sale in the cinematic landscape of Monte Mayor Country Club, Benahavis

New avant-garde villa with infinity pool for sale in the cinematic landscape of Monte Mayor Country Club, Benahavis

Ref. TMNV1826

  • 4 beds
  • 4 baths
  • 571 m² built
  • 2.810 m² plot
  • 124 m² terrace

In an exceptional location this bold masterpiece, by award-winning Ronald Janssen Architect the Amsterdam based studio, blends architectural precision with the highest standards of engineering. Designed to...

1,950,000 €
New
Development
Marbella East, Off-plan cutting edge luxury villa for sale in the resort-like development of La Finca de Marbella 2, Rio Real, Marbella East

Off-plan cutting edge luxury villa for sale in the resort-like development of La Finca de Marbella 2, Rio Real, Marbella East

Ref. TMNV0619

  • 4 beds
  • 4 baths
  • 383 m² built
  • 596 m² plot
  • 154 m² terrace

A new project of 35 luxurious contemporary properties, La Finca de Marbella 2 is situated in Rio Real to the east of Marbella. Buyers have the unique opportunity of choosing between two villa designs, Iroko...

1,215,000 €