The policy provides coverage for damage or loss to both the building and contents of your primary or secondary residence in Spain. The coverage includes protection against fire, explosion, smoke, theft, weather-related damage, legal assistance, and more.
Let's explore the differences in coverage between owners and renters.
Scope:
Owners: Owned homes for primary, weekend, or vacation use
Renters: Owned homes rented out as permanent residences (not for tourism)
Primary Use:
Owners: Personal residence (includes vacation/weekend stays)
Renters: Rented property (landlord use only)
Coverage Aspect | Homeowners Policy | Renters Policy |
Fire, Lightning, Explosion, Smoke | ✅ | ✅ |
Wind, Hail, Snow | (Rainfall must exceed 40 L/m per hour) | ✅ |
Water Damage & Leaks | ✅ | (Rainfall must exceed 40 L/m per hour) |
Pipes | ✅ | ✅ |
Theft, Robbery, Burglary | ✅ | ✅ |
Electrical Damage | ✅ | ✅ |
Refrigerated Food Coverage | (Up to 3% of insured amount, max 750) | (Up to 3% of insured amount, max 750) |
Necessary Expenses to Reduce Damage | ✅ | ✅ |
Structural Collapse Due to Third-Party | ✅ | ✅ |
Vandalism | ✅ | ✅ |
Tenant Vandalism | ✅ | (Up to 3,000 per incident, max 6,000 per year; deductible: 1 month rent, min 600) |
Home Assistance | ✅ | ✅ |
Home Maintenance | (1 intervention/year, max 3 hours labor) | (1 intervention/year, max 3 hours labor) |
Appliance Repair | (2 interventions/year, max 3 hours labor, excludes appliances >10 years old) | (2 interventions/year, max 3 hours labor, excludes appliances >10 years old) |
Aesthetic Renovation | ✅ | ✅ |
Legal defense | ✅ | ✅ |
Unpaid rent | X | (Covers loss of rental income) |
Uninhabitability of Home | ✅ | ✅ |
Third-Party Belongings | (Up to 6% of insured amount, max 2,000) | (Up to 6% of insured amount, max 2,000) |
Damage from Heating Device Contact | (Up to 10% of insured amount, excluding clothing) | (Up to 10% of insured amount, excluding clothing) |
Theft of Files & Documents | ✅ | ✅ |
Replacement of Keys & Locks | ✅ | ✅ |