Apartment Insurance

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This topic contains 14 replies, has 5 voices, and was last updated by Profile photo of Anonymous Anonymous 5 years, 1 month ago.

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  • #56384
    Profile photo of Anonymous
    Anonymous
    Participant

    What is a reasonable sum for contents insurance for a 3 bed apartment in Spain?

    I need to be covered for water leaks/fire etc, but my understanding is that the building is covered by the community.

    After 8 years using the bank provided insurance, I feel like they are now extremely uncompetitive.

    Any suggestions of reliable companies?

    Thanks.

  • #106106
    Profile photo of Anonymous
    Anonymous
    Participant

    Insurance for my 3 bed apartment in Mijas Costa was 277 euros this year through Groupama.

  • #105906
    Profile photo of Anonymous
    Anonymous
    Participant

    Insurance for my 3 bed apartment in Mijas Costa was 277 euros this year through Groupama.

  • #106108
    Profile photo of Anonymous
    Anonymous
    Participant

    jp1, do you mind saying how much you have been paying?

  • #105908
    Profile photo of Anonymous
    Anonymous
    Participant

    jp1, do you mind saying how much you have been paying?

  • #106115
    Profile photo of katy
    katy
    Spectator

    We saved over £250 by going through a broker in Gibraltar. Not just the price, the willingness to pay out is important. Zurich had a bad reputation for paying out on the CDS. Some of the spanish companies have punative small print and when/if they pay out take ages.

  • #105915
    Profile photo of katy
    katy
    Spectator

    We saved over £250 by going through a broker in Gibraltar. Not just the price, the willingness to pay out is important. Zurich had a bad reputation for paying out on the CDS. Some of the spanish companies have punative small print and when/if they pay out take ages.

  • #106116
    Profile photo of Anonymous
    Anonymous
    Participant

    I second katy’s comments. Please ensure that you inform your Bank in writing that you do not wish to renew. Watch the Bank statement like a Hawk. This is specially where the Bank has direct debit instructions.

    I had my Car insurance paid out in a similar manner when the policy was cancelled and taken to another Insurance provider as a result I ended up have the Car Insured twice which is illegal.

    You guessed it the bank is not accepting any responsibilty. I have little or no confidence in insuring contents wheter is UK or Spain as I know thay will just not pay up.

  • #105916
    Profile photo of Anonymous
    Anonymous
    Participant

    I second katy’s comments. Please ensure that you inform your Bank in writing that you do not wish to renew. Watch the Bank statement like a Hawk. This is specially where the Bank has direct debit instructions.

    I had my Car insurance paid out in a similar manner when the policy was cancelled and taken to another Insurance provider as a result I ended up have the Car Insured twice which is illegal.

    You guessed it the bank is not accepting any responsibilty. I have little or no confidence in insuring contents wheter is UK or Spain as I know thay will just not pay up.

  • #106121
    Profile photo of Anonymous
    Anonymous
    Participant

    I am paying just under 340 Euros for a 3 bed 100m2 first floor apartment.

    This year it went up by 10%. Last year the increase was also around 10%

    I think (at least compared to the UK where contents insurance is around £100 for my house) it’s extremely expensive.

  • #105921
    Profile photo of Anonymous
    Anonymous
    Participant

    I am paying just under 340 Euros for a 3 bed 100m2 first floor apartment.

    This year it went up by 10%. Last year the increase was also around 10%

    I think (at least compared to the UK where contents insurance is around £100 for my house) it’s extremely expensive.

  • #106122
    Profile photo of Anonymous
    Anonymous
    Participant

    In UK the property Insurance is roughly about -1.50% of the vlaue. Contents can vary due to the location of the property, excess, value of the items insured etc

  • #105922
    Profile photo of Anonymous
    Anonymous
    Participant

    In UK the property Insurance is roughly about -1.50% of the vlaue. Contents can vary due to the location of the property, excess, value of the items insured etc

  • #106125
    Profile photo of Anonymous
    Anonymous
    Participant

    @jp1 wrote:

    I think (at least compared to the UK where contents insurance is around £100 for my house) it’s extremely expensive.

    Welcome to rip-off Spain.

    With a few exceptions like alcohol, tobacco and petrol, Spain is now more expensive than the UK.

    Banks, telcos and insurance companies are the worst. They fleece us in Spain.

  • #105925
    Profile photo of Anonymous
    Anonymous
    Participant

    @jp1 wrote:

    I think (at least compared to the UK where contents insurance is around £100 for my house) it’s extremely expensive.

    Welcome to rip-off Spain.

    With a few exceptions like alcohol, tobacco and petrol, Spain is now more expensive than the UK.

    Banks, telcos and insurance companies are the worst. They fleece us in Spain.

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