Apartment Insurance

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    • #56384
      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
      Anonymous
      Participant

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

    • #105906
      Anonymous
      Participant

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

    • #106108
      Anonymous
      Participant

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

    • #105908
      Anonymous
      Participant

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

    • #106115
      katy
      Blocked

      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
      katy
      Blocked

      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
      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
      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
      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
      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
      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
      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
      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
      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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