LDT. Spanish Mortgages and Legal Support.

Insuring Spanish property.

If you are buying a property in Spain, own a home in Spain or live in Spain you will need to consider what insurance policies you need to have in place to provide peace of mind and protect yourself and your assets.

As agents of 3 diferent companies to cover all aspects of insurance needs and tailor make insurance policies to suit the individual needs. Free quotes are available at all times. Contact us today.

What insurances do I need to consider when buying in Spain or living in Spain.

Buildings cover for Spanish Properties.

If you have a mortgage in Spain you will be required to have buildings insurance by law. In past years banks have provided the cover automatically but without the client realizing they could shop around for a better deal. Often the Bank insurance policies are in Spanish, when making claims the help is in Spanish and it can be difficult to obtain each year a quote before funds are automatically taken from your bank account. Of recent the building insurance requirement can be tied to the rate you pay so if you want to look for other providers you need to check changing provider will not have an effect on the mortgage rate you pay. You may never the less be able to save some significant yearly sums by getting a quote from us.

If you do not have a mortgage it is still a very good idea to ensure you have adequate and sufficient buildings cover in place. Whilst many properties are covered by community insurance often this is only the communal areas and should anything happen within in your individual unit cover would not apply. It costs nothing to check what is in place is suitable for you.

Community Insurance urban developments in Spain.

If you live in a property which is part of a community we can help.

Besides the standard cover there would be up to 6 days surveillance and protection of the building in the event of fire, explosion, flooding or burglary. There is also access to plague control assistance twice a year and public liability covers all members of the board, not just the President.

If rain and fire cause damage to the community gardens these can be reconstructed, and accidents of members of staff are covered as well. Mapfre´s community insurance is the only policy in the market that covers damages caused by the sinking or sliding of land due to building works not linked to the community building.

Contents Cover for your possessions held in Spain.

Contents cover is not obligatory either with or without a mortgage but is none the less advisable to have in place. If you rent out the property the contents cover should include public liability. Often it can very cost effective to have a combined buildings and contents policy in place as discounts can be offered if both are covered by the same provider. As with buildings insurance one of the key things for the insured client is that they understand what their policy covers and that in the event of a claim they have someone who speaks their language supporting them.