Step 36 of 48 Phase 5: Prepare for Completion
5.2 Home Insurance in Spain 101
Learn about home insurance (seguro de hogar) requirements for Costa del Sol properties — including considerations for holiday homes and rental properties.
Insurance Types for Costa del Sol Properties
| Type | What It Covers | When You Need It |
|---|---|---|
| Buildings Insurance | Structure, walls, roof, fixtures | Required by mortgage lenders |
| Contents Insurance | Furniture, belongings, valuables | Recommended, especially for rentals |
| Third-Party Liability | Damage you cause to others | Often included in Spanish policies |
| Holiday Home Cover | Extended unoccupied periods | Essential for properties left empty |
| Landlord Insurance | Rental income protection, tenant damage | If renting to tourists or long-term |
Pro Tips for Costa del Sol Owners
- Spanish home insurance policies typically combine buildings and contents
- Check for unoccupied property clauses if you won't be there year-round
- Compare quotes from Mapfre, Liberty Seguros, and your bank
- For holiday rentals, ensure your policy covers guest damage and liability
- In urbanizaciones, building insurance is usually in community fees — but check!
Common Mistakes to Avoid
- Not having insurance in place before the escritura
- Underinsuring the rebuild value of the property
- Assuming community building insurance covers your interior
- Not disclosing that the property is a holiday home
- Renting out without landlord insurance