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 Estepona, Beachfront 5th-floor luxurious apartment awash in natural light and with expansive sea views for sale in Santa Ana, Estepona centre

Beachfront 5th-floor luxurious apartment awash in natural light and with expansive sea views for sale in Santa Ana, Estepona centre

Ref. TMXA11131

  • 3 beds
  • 3 baths
  • 245 m² built
  • 25 m² terrace

Perfectly positioned frontline beach, this 5th-floor apartment showcases an elegant, open floor plan and spectacular unobstructed views spanning from the Estepona promenade across to North Africa with the...

1,950,000 €
New Listing Estepona, Seafront luxurious penthouse with large solarium, jacuzzi and boundless sea views for sale in Santa Ana, Estepona centre

Seafront luxurious penthouse with large solarium, jacuzzi and boundless sea views for sale in Santa Ana, Estepona centre

Ref. TMXA11132

  • 3 beds
  • 3 baths
  • 164 m² built
  • 83 m² terrace

Perfectly positioned frontline beach, this elegant penthouse showcases an open concept floor plan and superb unobstructed views spanning from the Estepona promenade across to North Africa and Gibraltar with...

2,290,000 €
New Listing Marbella Golden Mile, Large level plot enjoying sea views with project and license for sale in the prestigious Cascada de Camojan, Marbella Golden Mile

Large level plot enjoying sea views with project and license for sale in the prestigious Cascada de Camojan, Marbella Golden Mile

Ref. TMXP0705

  • 5.500 m² plot

One of the best and last plots in the ultra-exclusive Cascada de Camojan, this spectacular 5,500m2 level site is nestled in a premier location surrounded by panoramic mountain and sea views. The plot offers...

7,500,000 €

Exclusive to Terra Meridiana

New Listing Marbella Golden Mile, Exceptional plot with project overlooking the Mediterranean coastline in the ultra-exclusive neighbourhood of Camojan, Marbella Golden Mile

Exceptional plot with project overlooking the Mediterranean coastline in the ultra-exclusive neighbourhood of Camojan, Marbella Golden Mile

Ref. TMXP0704

  • 3.000 m² plot

Nestled in the foothills of the iconic La Concha mountain, this large 3,000m2 plot remains one of the few in this area that is still undeveloped. Boasting endless possibilities the land is being sold as a...

3,800,000 €