There is community cover on buildings but this provides totally inadequate insurance for you really.
You need to take out both buildings and contents insurance.
Some banks offer reasonable deals on insurance - others are a total rip-off.
Are you planning to rent it out? If so you need to protect yourself and make sure you have minimum €5m personal liability insurance. Spanish banks and insurance companies do not provide this - or if they do it is usually the paltry amout equivalent to your mortgage - so you will have to find an ex-pat or UK company.
We have used Intasure for about 6 or 7 years and never had any problems - www.intasure.com
They will also insure without PLI if required.
I recommended to someone else on Roda Golf and she saved over €100 on her existing supplier so worth a look.
I do NOT work for Intasure - just a satisfied customer.
This message was last edited by pommers on 08/06/2018.