Buildings Insurance Company registered in Spain required
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Hi, we're about to purchase our house in Spain and have been advised that we must have buildings insurance in place before completion. Banco Santander are expensive Ive been told (they are our mortgage lender) so wondered if anyone can recommend a good insurance company that are registered in Spain (one of the conditions for completion). Would be good to hear from anyone. Many thanks
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Hi there - form experience you would be advised to take their for the first year and then move. The reason being is at notary there can be delays if the insurance you take isnt quite enough or isnt in the correct format.
If you do find another company well in time rior to completion ensure the bank you are lending from approve the new policy otherwise you will have problems completing!
I know this from experience!! Good lcuk
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Many thanks for the responses Rixxy and morerosado. Ive contacted a couple of the companies on EOS and am awaiting their response. I will keep in mind about taking the banks insurance for the first year, as you say it may be a good idea and will help to keep the ball rolling!
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