After buying a property in Costa Blanca in Spain, we strongly recommend you insure it. According to Spanish law, home insurance is not compulsory. Still, given the peculiarities of life in this country and the high legal and financial responsibility for damage to neighbors' property, we advise you to take out an insurance policy for the property. The more it costs, the little money it is. Agree; no one can guarantee that your pipes will not burst and you will not flood your neighbors, or vice versa. The neighbors will not flood you.
We assist in insuring the property purchased through our agency.
Property Insurance in Costa Blanca
As a homeowner, you can insure your property in the case of the following:
- Flooding
- Fire
- Smoke
- Theft or robbery
- Vandalism
- Natural disasters.
This type of insurance is called Seguro de Hogar and is usually the basic and most inexpensive package from the insurance company.
Also, as a property owner, you can add third-party liability coverage if you directly cause problems with your neighbors' property. This type of insurance is called Responcibilidad Civil.
In addition, if you rent your apartment in Costa Blanca, you can insure against unscrupulous tenants in case they fail to pay the rent in the case of long-term rental. This type of insurance is called Seguro de Impago Alquiler.
You can also insure your home against so-called "okupas" in Spain. This type of insurance policy is called Defensa Juridica.
The only type of compulsory insurance is the Seguro de Vida insurance policy, which you must buy if you take out a mortgage to buy a house in Spain.
To feel at ease and confident in a foreign country, we recommend you buy the correct type of insurance for the property. If you have any questions, write to us in the chat; we will answer them as soon as possible.
Occupiers in Spain (squatters) squat in abandoned or temporarily unoccupied private housing in Spain. These people have no legal or other prerequisites for entry into the housing. However, based on their residence in illegally occupied housing, they demand legalization of residence on the spot and can win a case against the actual owner in court.
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