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
Development
Sotogrande, Off plan first-floor luxury apartment for sale in the exclusive community of Village Verde, next to La Reserva Club Sotogrande

Off plan first-floor luxury apartment for sale in the exclusive community of Village Verde, next to La Reserva Club Sotogrande

Ref. TMNA1304

  • 2 beds
  • 2 baths
  • 181 m² built
  • 65 m² terrace

Village Verde is nestled within an 18-hectare site of wooded parkland and is a much sought after development of apartments, penthouses and townhouses. This contemporary first-floor apartment is luxuriously...

490,000 €
New
Development
Sotogrande, Off plan luxury ground floor apartment for sale in the tranquil community of Village Verde, next to La Reserva Club Sotogrande

Off plan luxury ground floor apartment for sale in the tranquil community of Village Verde, next to La Reserva Club Sotogrande

Ref. TMNA1324

  • 3 beds
  • 3 baths
  • 288 m² built
  • 123 m² terrace

Village Verde is a gated residential enclave within 18-hectares of wooded parkland and features apartments, penthouses and townhouses. This contemporary ground floor property is luxuriously appointed with a...

640,000 €
New
Development
Sotogrande, Off plan luxury penthouse for sale in the ultra-exclusive community of Village Verde, adjacent to La Reserva Club Sotogrande

Off plan luxury penthouse for sale in the ultra-exclusive community of Village Verde, adjacent to La Reserva Club Sotogrande

Ref. TMNA1317

  • 4 beds
  • 4 baths
  • 524 m² built
  • 204 m² terrace

Village Verde is nestled within 18-hectares of wooded parkland and is a desirable community of apartments, penthouses and townhouses. This contemporary penthouse is luxuriously appointed with a spacious...

1,080,000 €
New Listing Estepona, Elegant 2 bedroom duplex penthouse for sale in the prestigious beachfront development of Costalita, New Golden Mile, Estepona

Elegant 2 bedroom duplex penthouse for sale in the prestigious beachfront development of Costalita, New Golden Mile, Estepona

Ref. TMXA1023

  • 2 beds
  • 2 baths
  • 102 m² built

Located in the gated and secure complex of Costalita and a short stroll from the beach, this stylish and low maintenance duplex penthouse has been upgraded to the highest standards with no detail overlooked....

399,000 €