costs

Do I need home insurance in Spain?

While not legally required for property owners (unless you have a mortgage, in which case the bank mandates building insurance), home insurance is highly recommended in Spain.

Types include: Building insurance (continente) covering the structure against fire, flood, storm, and subsidence — costs €150-€400/year for apartments, €300-€800 for villas.

Contents insurance (contenido) covering furniture, belongings, and valuables — costs €100-€300/year depending on coverage.

Third-party liability (responsabilidad civil) covering damage you cause to others — often included in building policies.

Additional covers to consider: theft, water damage from pipes, legal expenses, alternative accommodation during repairs, and natural disaster coverage.

For holiday homes left unoccupied, insurers may require security measures like alarm systems.

Some policies require occupancy checks every 30-60 days for unoccupied properties.

Compare policies from Spanish insurers like Mapfre, Línea Directa, and international providers.

WOW-Estates can recommend reliable insurance brokers.