House Insurance
 

Hi,
Can anybody tell me if 262 euros is a lot for a two bed 1 bath apartment for house contents insurance.

Primarily as I understand it Buildings insurance is covered in your community fees.

My bank with whom I am insured have just charged me this for my annual insurance, which I assume is contents.

i seem to be insured for:

continente 132.760,00
muebles,enseres y ajuar 14.040,00

This seems exorbitant!

Does this seem dear to you?

If so who do you use? bearing in mind my place is near Fuengirola and i would like little hassle in sorting it out!

Thanks (this forum is great)

LPH

Re: House Insurance
 

Looks like you are paying insurance for the building too valued at 132,000€`s and cover for 14,,000€`s of furniture etc.

Re: House Insurance
 

I pay this for my house, for contents and buildings - 117m2 with 35,000 for contents and 132,000 for buildings so does sound a bit expensive

Re: House Insurance
 

I pay about €340 for a 2 / 4 bed villa with pool

Re: House Insurance
 

I would check that out carefully, and the cover you get. Our community did cover the buildings, but then decided that it was too expensive, so they stopped it. Many of the owners didn't realise and found themselves without building cover. Our own bank insistd that we have a separate buildings insurance as the community one was far too basic for thier mortgage requirements.

Re: House Insurance
 

175 meter 4 bed cortijo ,35k contents = 370 euro pa.

Re: House Insurance
 

I pay 540 for both though BBVA but I will be looking around in Jan 2009. We have no mortgage or debts with anyone but that's the price we pay. I see from above posts banks are insisting you have this and not that product because that person has a mortgage. That practice by the banks in the UK is illegal. I wonder if that's the case here but they just try it on.

http://bestsmileys.com/frustrated/7.gif

Re: House Insurance
 

you dont need to go with the bank.they charge well over the odds.even when you get your insurance to pay off your morgage if you die.make sure you read the small print clauses.belive this or not.when we stupidly took ours out with the bank, for my wifes cover to cover the morgage ,the clause was she had to get run over by a bus and die.so we went with some one else, me only as the insured.my theory being if I die a good looking woman can always find a sucker.no it was far to expensive.quadruple the uk amount per month each.

Re: House Insurance
 

When i've searched for house insurance I have used the below web sites. They seem to be good. I can vouch for the bottom one, as I have purchased through them before. In my experience it is cheaper to get insurance in the U.K., with the added benefit of the policy being written in English(yes I know I should learn Spanish, but i'm not that good at it yet)

www.schofields.ltd.uk
www.intasure.co.uk
www.insuranceforhomesabroad.co.uk

Re: House Insurance
 

Friends of ours were told by the Bank (with whom they have their mortgage) that if they didn't have house insurance with them then the mortgage would be increased. They decided to go elsewhere and, true enough, the mortgage was increased.

Re: House Insurance
 

more divvys them for beliving them.they should have chalenged it.it was proberly illigal

Re: House Insurance
 

Thank you all for your kind replies. This thread certainly highlights an oddity of the spanish system for insurance. Up til now I have just paid it, as it was never that expensive (its with the mortgage bank)

But now it seems to have gone up a lot.

I will see my bank on my next visit and argue the toss, i have learned that even if your community building is separately insured, you still need some buildings cover yourself (so say the managing agents).

If I can break away I will try the Uk site you have kindly sent to me !

Thanks

LPH

Re: House Insurance
 

ours was 60 euros per month over the top with the bank.untill we fkd them off

Re: House Insurance
 

Just a note regarding contents insurance. I have found that some companies will not include cover for theft of contents unless you are living in the property permanently. ie if you only use it for holiday visits they will not pay up if someone breaks in and nicks everything.


Please read the small print. ;)

Re: House Insurance
 

Most insurances dont cover you if you leave the house unattended for more than a certain period, i.e. 30 or 60 days.
Also, leaving keys with a keyholder can be a problem too.