There are two broad types of home insurance; homeowner’s (hogar)
and content policies (contenido).
Security
Policy prices will depend on the declared value of the home and
will also be influenced by security features such as barred windows and
alarm systems.
Home provides cover for:
- The structure of the house
- The windows
- The floors
- All fixtures
Policies can include:
- Loss of frozen food
- Loss of rental income and the cost of alternative accommodation
- Civil liability; Legal defence
- Damage to interior decoration; water and gas pipes.
- Burglary and theft; replacement of locks and keys in the case of burglary, theft and loss of keys
- Breakage of glass cooker hobs and broken windows
- Acts of God.
The
more comprehensive the policy, the more expensive, with all risk being
the most costly (todo riesgo). Such a policy would cover both the
entire building and its contents.
Content policies cover all moveable objects in the home.
Portable objects are not covered when lost or stolen outside of the
home.
Policies for second homes and rental properties may be more expensive
as a standard homeowner’s policy can only be applied to a property that
is inhabited eleven months a year as a main residence.
For more information on home insurance please click the link below:
Home insurance in Spain
Nigel or Shanalle at Hamilton Insurance
E-mail: info@hamilton-insure.com
Telephone: (+34) 952 897 347
Written by
Susan Pedalino