The tenant insures the risks associated with his civil liability and his personal property: furniture, appliances, personal belongings. The owner must also insure the walls of his dwelling. If you are a property owner, your insurance policy will usually cost more, as the insurance covers both the property itself and the contents in it.
Permanent or non-permanent housing?
You have an apartment in Spain, but you do not live there permanently. So this apartment is not your permanent home. Under such conditions, the risk of theft in it increases. Accordingly, the insurance policy will cost more if your apartment in Spain is not your permanent place of residence.
Urban or suburban area?
The cost of a real estate insurance policy in Spain also varies depending on the location of the insured premises. The amount may increase if you live in an unsafe area, such as near a gas station. On the other hand, the cost of the policy will be lower for housing in urban areas, where firefighters can get much faster than in any remote area.
Area of the room?
The insurance premium is also calculated depending on the area of your home. The more rooms and other non-residential premises, the more expensive your property insurance.
What capital?
Robbers are definitely more attracted to expensive equipment, jewelry, valuable paintings and antiques than economy class furniture and appliances. Thus, the higher the value of your personal property, the more you will pay for property insurance.The insurance rules in force in Spain are quite similar to the rules applied in other countries, and work in many ways in the same way, with perhaps some minor differences that should be considered when choosing insurance. Therefore, if you have any questions about property insurance in Spain, you can contact our specialists. Call us on +34 666 369 350 or write to info@mgseguros.info.
