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Sotogrande Home Insurance 

The biggest investment most people are likely to make in the entire lives is a property. Be it a 10 million villa or a 250k apartment, for the owner it is big.  So, despite home insurance not being obligatory in Spain (that is if you are mortgage free) most people choose to insure their home. Note however that banks cannot insist that you use their insurance provider…’s far better to shop around.

When the home is overseas and in a country which you are not so familiar with, you need to be sure that all aspects are covered in your insurance policy. 

The following checklist should help you make sure you get the correct cover.

Sums insured – many issues with claims are caused by incorrect sums being covered in the first place. So, make sure that your buildings are insured on a full reconstruction basis, and contents and personal effects on a replacement-as-new basis.

Security – make sure you describe your security system to insurers accurately, as if you declare that the property is fitted with an alarm which is not connected and you are burgled, then insurers can either turn down the claim or reduce your pay-out.

Scope of cover – policies in Spain tend to be on “defined risks basis” as opposed to British “all risks” policies. Make sure you choose the right policy for your circumstances.

Objects of value and jewellery – if you need cover for these items, make sure your Insurer is aware of this and provide them with an inventory of the items to be insured, together with a valuation for each item.

Liability – Spanish policies tend to have far lower limits than overseas policies, but the “blame culture” is changing in Spain, and courts are seeing an increase in claims and settlements, so make sure your policy provides an acceptable limit.

Use of the property – if your property is also available for rental to third parties, make sure that your insurer is aware of this.


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