Building & Public Liability Insurance

Hi all,

With many properties about to complete or completed I was wondering how much should one prepare to pay for building insurance on 2 bedroom and 2 bathroom flat. I have tried to get an online quote but most sites that I have tried do not have that kind of service available.

How much should I typically pay?

M.

Try Linea Directa to start and expect to pay around €300 per annum including buildings and contents insurance

Hi there - this is an interesting one. Knowing something about insurance in the Uk, I feel this is something to investigate further. For anyone buying an apartment, you should not really be able to buy buildings insurance just for a single apartment as this is a "rebuilding" cover (ie. covers you to reinstate your apartment) and you would not be able to rebuild just one apartment in the event of a fire for instance (if the rest is uninsured). I have heard of some insurers offering buildings cover on their own for single apartments but they really shouldn't. Normally in the UK, blocks of apartments or flats are insured for buildings collectively by the management company and then recharged to the owners or tenants. Not sure what Corvera are planning to do hear?

For houses on the complex or for contents covers - these are available online, I know a company, Towergate who does contents covers for holiday homes, etc www.towergateholidayhomes.co.uk

May be worth checking with Corvera regarding insurance for the apartment blocks?

Hi Paul

I think that you will find the block of apartments buildings cover is held as a community and is paid for within the community fees. However the majority of advisors suggest that you take an individual insurance for your own apartment as a supplement to cover the liabilities towards your neighbours.

Somebody with more knowledge of the in and outs of Spanish developments and insurances will no doubt be able to clarify

Steve your post is corrent limited buildings insurance is covered by your community fees