Insurance Spain

If you have bought a property in Spain with a view to renting or letting it out then you really should consider taking out holiday home insurance for Spain.

Spanish Holiday Home Insurance

It isn’t easy to find holiday home insurance for Spain but don’t let that put you off.

Firstly let’s look at why it could be so important to have adequate levels of insurance cover for your rental property.

Consider what would happen if the worst scenarios came true – clearly the odds are they won’t – but they are possible. For instance if you have holiday home insurance you would be protected in the events of your tenants or holiday makers who injured themselves on your property.

Many Spanish properties have swimming pools and are set on steep slopes. Perhaps their children slip by the pool or fall over a wall or down the steps/stairs.

In this day and age they are liable to immediately think about suing you or taking you to court for damages which could be substantial and impact you for the rest of your life.

Holidaymakers are also not very good at thinking about security and so many holiday homes in Spain are burgled and robbed because they are easy pickings – the holidaymakers often have cameras, jewelry, mobile phones, cash and credit in easy to grab quickly places. It is true in this example that you are not liable, but it means your own possessions that you keep in your Spanish holiday home could be taken too.

Perhaps you just intend to use your holiday home in Spain for yourself and not let it out – well the same principle applies – because you are not there for long periods of time your house or home in Spain becomes an easy target to thieves.

Try finding a holiday home insurance policy for Spain that is in English so you understand what cover you get – and what you don’t.

You don’t necessarily have to take out Spanish holiday home insurance from your home country – in all honesty the premiums will probably be unusually high because it is not core business to the insurance company. Finding an insurance company or broker based in Spain that is used to dealing with expats will probably be your best bet to getting the cheapest holiday home insurance in Spain and will probably also provide a higher level of holiday home cover.

When considering holiday home insurance first consider the cover needed for the building itself in case of structural damage, flood or fire.

Then consider your possessions that you will furnish the house or home with, presumably things like beds, sofas, TVs and DVD players etc.

Then consider if you intend to rent or let your holiday home in Spain – and this is the bit you really need to make sure you are covered for. Think of the holidaymakers taking your possessions, having personal injury in your holiday home, causing damage through misuse of appliances i.e. gas stove, electrical equipment especially satellite systems. What about if they have made a booking with you and they cancel at the last moment – can you get holiday home insurance that covers loss of rent or maybe if you have a long-term let in Spain, what if the tenants do not pay the rent because it is a long-drawn out process to get them evicted.

How do I find the cheapest holiday home insurance for Spain?

Be careful not to just choose the cheapest holiday home insurance quote that you come across. You should not choose your holiday home insurance on the basis of price alone. Consider whether the cheapest quote you have found actually gives you the full coverage you require otherwise the policy and premium is a complete waste of money should you need to make a claim.

Try using an insurance broker first who will be able to compare quotations from many different providers of holiday home insurance. This will save you enormous amounts of time and using their contacts they may well find a better deal than if you had contacted the insurance companies directly – often they can get trade-only discounts and deals.

You can also do some searching for cheap second-home insurance yourself by finding price comparison search engines on the Internet – these take your specifications and instantly search online and compare prices for the cheapest holiday home insurance deals on the market. Always shop around as prices vary significantly. 

In your search for the best deals don’t be tempted to give false information on your application. Should you need to make a claim this could invalidate your insurance which would be pointless. For example someone might say their house is alarmed when it isn’t – this could easily be discovered if you were burgled and you needed to claim.

It is easy enough to find insurance for holiday homes in Spain and you can find many companies who have English-speaking staff but be careful because a lot of times the actual policies are written only in Spanish so it is important you do understand exactly what you are being covered for. Otherwise seek only policies issued in English.

Below we have two videos from two leading providors of holiday home insurance in Spain, Intasure and Schofields:

Page Summary: We hope this article on holiday home insurance Spain has not alarmed you unduly but we have seen every instance above first-hand and so wanted to make you aware of what to consider when looking into holiday home insurance for your property in Spain. You may also find it useful to read our article which has many tips and advice on renting out your holiday home in Spain.

Related Pages: This article on insuring holiday homes and second homes in Spain comes under the main section of home and house insurance in Spain.