Public liability insurance

Hi

Do I need public liability insurance in Spain, is it recommended when renting property out in Spain? 

Does anybody have it? If so how much does it cost? Any recommended insurance companies?

Any info much appreciated,

Francis.

 

Check your buildings and contents insurance as it may be covered on this - double check if you renting out though......

We have specific Holiday Home Insurance Policy and it is covered on this.

IMS,

If you dont mind me asking, my insurance policy is due for renewal, who are you insured with and how much do you pay to cover a holiday home with rentals and public liability.

Does anyone else have any good recommendations for insurance, I know this has been touched on a few times so forgive me for asking again.

Dakey

I have a £238 policy with Intasure:

Buildings £1M

Contents £20k

Public Liability £5M

This is for a 2-bed apartment, not on CdA, so without Buildings cover it could be cheaper as this is covered by the community (yet to be tested I believe).  I went without Public Liability cover for several years, but taking into account todays compensation culture, one claim could wipe you out, so I have peace of mind in this respect.

keeve

My experience of Intasure has not been good, they gave me a policy with 1m rebuilding, what many expats dont realise is insurance companies doing business in Spain have to contribute to the central pot the el consortio of insurance a percentage of the premium charged based on the true rebuilding cost, it is in the insurance co intrests to keep this as low as possible, as a consequence Intasure only contributed the full rebuilding cost at 150k when the minimum should have been 300k as a consequence any payout by the consortio is reduced by half, many items in the policy are only covered by the el consortio, i would urge anybody insured with intasure to ask them how much they have insured the property with the el consortio and dont accept you have 1m cover, despite what your documents state, maybe you wondered why they were so competative!