Property insurance Spain: everything you need to know

Property insurance in Spain is not always compulsory, but it is recommended. There are different types of insurance available, depending on the owner's specific needs.

Home insurance

One of the most important property insurance policies in Spain is the building insurance. This insurance covers damage to the buildings on the property, such as fire, storm, flood and theft. This insurance is mandatory for owners of buildings with mortgage loans. Sometimes the regulations of the community of co-owners may also impose the obligation of insurance.

Here you will find more information on taking out insurance in Spain.

Liability insurance

Another important property insurance in Spain is liability insurance. This insurance covers any damage or injury caused to third parties on the property. This could apply, for example, if someone slips and falls on your property or if a fire breaks out and causes damage to nearby buildings. This insurance is mandatory if you rent out with a rental licence.

Read more about rental legislation in Spain for holiday rentals.

Specific risks

Insurance is also available for specific risks, such as earthquakes or floods, which are often not covered by standard buildings or liability insurance.

It is important to remember that insurance policies in Spain often have limited coverage. This means that there is often a certain amount of cover for specific claims. This makes it important to choose an insurance policy that matches the specific risks of your property.

Apartment building insurance, taken out by the building manager, thinks only the common parts.

Consult a Spanish insurance broker for your property insurance in Spain

If you are considering buying a property in Spain, it is wise to consult a specialist insurance broker for advice on which insurance policies are right for you. This will give you peace of mind that your property is well protected and that you are covered in case of unforeseen circumstances.

Get useful tips and information about buying in Spain

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