Insurance

Protect what is valuable to you – Your best choice in Mallorca. In today’s world, many overlook the value of solid insurance coverage for their valuables.

At Selling Mallorca, we offer comprehensive services in this area, ensuring that you, as our customer, always benefit from the best. Contact us today and discover how we can protect your most valuable possessions.

Essential Coverages for Residential Buildings in Spain

Much like in other countries, home insurance in Spain is divided into different areas:

Building Insurance (Continente):

This insures the structure of your home and other permanent fixtures like kitchen units, bathrooms, built-in closets, etc. It usually also covers outbuildings, walls, gates, and fences.

Contents Insurance (Contenido):

This covers the items you store in your home, such as furniture, appliances, electronics, and personal belongings. If your property is rented, it may be the tenant’s responsibility to insure the contents they bring in.

2. Additional and Optional Coverages

Accidental Damage:

This can be an optional add-on that covers unintentional damages, like spilling wine on a carpet.

Liability:

Provides protection if someone is injured on your property or if you cause damage to neighboring properties.

Legal Protection:

Covers legal fees for specific events, e.g., a dispute related to the property.

Theft and Vandalism:

Protection against damage or loss due to theft, burglary, or malicious acts.

Natural Disasters:

Some policies may include this, others may require you to take it out separately. This covers events like floods, earthquakes, or storms.

Glass Breakage:

Some policies offer specific protection for the breaking of windows and glass installations.

Swimming Pool and Garden Insurance:

If you have special features like a swimming pool or a garden, this coverage is relevant.

Rental Loss:

If you can’t live in your home due to an insured event, this helps offset the lost rental income.

Alternative Accommodation:

Covers the cost of your temporary housing if an insured damage makes your home uninhabitable.

3. Deductibles

This is the amount you have to pay yourself before the insurance kicks in. A higher deductible can reduce your premium, but you would have to bear a larger portion of the loss yourself in case of a claim.

4. Factors Influencing the Premium

Location:

Houses in flood or other natural hazard areas could have higher premiums.

Bauart:

Construction Type: Wooden houses could have different rates compared to brick houses.

Security Measures:

The presence of alarm systems, security doors, or living in a gated community can influence your premium.

Age and Condition of the Property:

Newer properties or those in good condition could have lower premiums.

5. More Points

It’s crucial to ensure that you are neither over-insured nor under-insured. Some policies have special limits for high-value items like jewelry or art. If you own such items, make sure they are adequately insured. Always read the fine print, especially concerning exclusions or special conditions.

Sophie Pittius

Finance and Real Estate Agent

I am Sophie, your personal consultant in the insurance sector. Don’t hesitate to fill out the form or call me directly to learn more about our tailor-made insurance solutions. I am here to optimally secure your values.