Insurance

Hi

I am due to complete on apartment on La Isla at end of August, can anyone give advise on best way to get contents insurance, and do I need insurance for bricks and mortor like you do in UK, think I have everything else covered, ie air con, snagging, mortgage, furniture, transportation from UK to CDA, any thing I have left out, please advise.

Regards

Michael and Yvonne 

Hi Michael & Yvonne,

We are also due to complete on the 27/08 but I am still a little confused regarding costs overall.

We bought for 182,400 Euros so I was expecting the 1% stamp duty costs but I am unclear about the notary and land registry fees as below:

Notary Fees - 1,000 Euros approximately

Land Registry Fees - 800 Euros approximately

Solicitor Fees - he wants another 50% that totals 1,050.92 Euros

Sundries - 696 Euros (no idea what this covers and it surely can't be telephone costs because the bandit never calls me back)

I am interested to hear if this sounds about right to complete?

Also, am I right in saying that there is just water and electricity to sort as well as buildings and contents? I am like you in as much as I am wondering what I have missed? Do I need a Spanish will if I have no Spanish mortgage I wonder?

What is a residence card? Is this the same as a NIE card? Polaris have sorted the NI number.

You don't have to have insurance if you don't want it, although if you have a Spanish mortgage the lender will require you to produce a certificate of insurance for the buildings at the Notary's office. 

They may refuse to complete if you turn up without it.

I took the Zurich policy offered by PW as it was the easiest at the time of completion and one less thing to think about.  You can always change at a later date.

Insurance will vary from 150€ upwards dont take Polaris offer there are cheaper ones I took Mapfre but there are cheaper ones remember if you intetd to rent you must say so? This will affect costs!