Building and contents insurance

Hi Formenteracosta,

Your builidng insurance will be covered by the builder and then your community fees thereafter,as you cannot have individual building contents on a block.

You can take out contents only insurance only and there are many companies to choose from ,go online to compare quotes.

Hope this helps

GEORGIA

Hi Milli

this is confusing as there are 2 threads running here!

One called "contents & building insurance"

The other called "building & contents insurance"

I will ask Justin to merge them, that will make more sense!

Anyway, I think that if you don't pay your community fees, then you should technically, NOT be covered for the buildings insurance.

People who do not pay their community fees, cannot vote at the AGM's and in the extreme, can have their properties seized and sold! So I imagine they must forgo all the other benefits associated with paying your community fee.

Unless, of course, anyone else knows better!!!

I bet someone does!!!

Kind regards,

I have asked Justin to merge this thread which is Content and buildings insurance
started by Buz

with

Building and contents insurance
started by formentera costa

Thanks for asking Justin to merge these threads JeanSis,

I was about to do that as I said in my post, but got beaten to it!

It will make more sense!

Has anyone had any dealing with Intasure.  We have had a very competitive quote from them in sterling for Buildings and Contents including accidental damage. Thanks

Hi Sunnyside, we have ONLY had dealings with Intasure in so much as we asked them for a quote & they insisted on taking our ex directory phone number 'for the sole purpose of them being in contact IF necessary'.

We then had call after call at all hours asking us IF we had decided. Eventually we told them we had decided to use another company & the woman said something like 'oh, I expect it's a SPANISH one, I guess !' but in such a manner, I tell you.

Our friends who live permanently on our urb in Spain were with Intasure till they realised the three we had told them about were so much cheaper. Have you had quotes from these ?

We have used  http://www.saltsbay.com/ & http://www.easycover.net/  both very reasonable.

Currently we're using http://www.knight-insurance.com/ as it's handier for us.

Thanks for the info. I agree, in so much as we asked for a quote and they have sent it out about 3 times. and have phoned me as well.  I suppose in this economic climate everyone is looking for business!

I will try some of the suggestions you made.

Sunnyside, Easycover seem to have dealings with the CDS see http://www.easycover.net/contact.htm & put dot in the CDS one.

Knights are everywhere, their head office is Fuengirola.

Saltsbay are local to the area we have property in. However we noticed that Knight's gave us insurance by the same company that Saltsbay had done.

If your Spanish home is part of a complex or apartment block your condominium fees may include community buildings insurance. Each policy differs but often this cover is limited to communal areas such as walkways and swimming pools. You may find that this does not cover your individual apartment, including ‘fixed items’ such as fitted bathrooms and kitchens.

To avoid being underinsured, you should check what the community policy actually covers before you decide you do not need buildings insurance. If necessary, insure your individual property.

I am currently with Intasure and the level of cover is very high. My renewal is up soon and I have had quotes from all the brokers mentioned below. The premiums are cheaper, but the cover is lower. One thing that surprises me is that I am told the 'standard' public liability level is 150k in Spain and that most companies will not insure higher than 300k. I am sure that if the very worst happened, 300k would not suffice. The level of public liabilty with Intasure is £5 million. I think you pay for what you get but I should be interested in people's view on what public liability cover they think is necessary and why. My renewal is in 3 days!!

“The premiums are cheaper, but the cover is lower. I think you pay for what you get”

You summed it up. Insurance is expensive until a claim arises, then you will discover how good a policy is. If a cheaper policy offers less cover, then the insured takes the risk that an event may not be covered. That’s why it is essential to understand any terms of a policy to see what’s covered, any restrictions etc. Don’t just buy on price.

Although some Spanish policies traditionally offer low liability levels, each policy will differ and the insurer may offer the option to increase the level for an extra premium.

With experience, liability claims are not as frequent as say theft and bursts, but if you are liable for injury to a third party, things become very costly. £2m sum insured would be a minimum recommended.