If you don't have access to the private owners area, please forward the latest Resortalia weekly report email to lasterrazasdelatorre@gmail.com
Click the X on the top right of this announcement box to dismiss this message.

Insurance Provider

Had good service from a local business? Recommend them here!
Post Reply
TCAAIVA
Posts: 12
Joined: Fri Oct 13, 2017 12:31 pm

Insurance Provider

Post by TCAAIVA » Mon Oct 16, 2017 5:10 am

As a new buyer, we will be taking possession of our 2nd home/holiday apartment in a few weeks and would like to arrange insurance.

We've been told by a couple of the companies that we're dealing with on the purchase etc. that they can recommend providers but no doubt they're more interested in their introduction fees than finding us the right provider and best deal.

The agent handling the property sale told us we would be responsible for any internal eventualities and of course we'd want contents cover too.

We don't intend to rent so occupation will be at certain times of the year only. Can anyone recommend a good provider at competitive rates and what type of cover we should ask for?

User avatar
Duncan
Posts: 295
Joined: Fri Jul 22, 2016 4:31 pm
Location: Manchester
Contact:

Re: Insurance Provider

Post by Duncan » Tue Oct 17, 2017 3:44 am

I got my home insurance from Mapfre via Resortalia. They used to advertise it in the newsletter but have stopped now.
CONTENTS INSURANCE FOR YOUR PROPERTY
(103,88 € a year for up to 12.000 € capital insured)

Are you interested on a full home insurance with a leading Spanish Insurance Company (MAPFRE) from just 103,88 Euros a year for 12.000 euros of insured capital? Due to the fact that the Insurance of the General Community is with MAPFRE (Leader Insurance Company in Spain), they can offer these fantastic conditions for the insurance of your property. Please contact us on tlt@resortalia.com in order to have further details about the prices they could offer you.
My premium this year was 117,71 € for 17.000 € contents cover
Forward the latest weekly Resortalia newsletter to lasterrazasdelatorre@gmail.com to get access to the private owners area

TCAAIVA
Posts: 12
Joined: Fri Oct 13, 2017 12:31 pm

Re: Insurance Provider

Post by TCAAIVA » Tue Oct 17, 2017 2:44 pm

Thanks. We now have an unbiased recommendation to compare with.

MeanandDandy
Posts: 26
Joined: Fri Sep 09, 2016 12:37 pm
Location: England

Re: Insurance Provider

Post by MeanandDandy » Sun Oct 22, 2017 10:52 am

We use Linea Directa. Much cheaper for the contents insurance that that offered by Resortalia. Building insurance is included in the community fee.

User avatar
Duncan
Posts: 295
Joined: Fri Jul 22, 2016 4:31 pm
Location: Manchester
Contact:

Re: Insurance Provider

Post by Duncan » Mon Oct 23, 2017 12:19 am

What was the premium for how much cover?
Forward the latest weekly Resortalia newsletter to lasterrazasdelatorre@gmail.com to get access to the private owners area

TCAAIVA
Posts: 12
Joined: Fri Oct 13, 2017 12:31 pm

Re: Insurance Provider

Post by TCAAIVA » Tue Oct 24, 2017 3:42 pm

We've now had a couple of quotes and the most suitable one so far is from AXA through MILENIUM, Insurance Consultants, La Torre Golf Resort, Plaza Town Centre.

Ours is a one bedroom apartment and were quoted annual premium 101,12€ for the following cover:
Civil liability: 300.000€
Rebuilding: 49.600€
Contents: 12.000€
Jewelry: 1.500€
Including brand extra water covers (unblocking cost of a pipe, intervention without visible damage up to 150€, dripping, leaking, water excess on bill in case of a broken pipe with damages, total ruin)

Hope this might help others with a similar interest.

User avatar
Duncan
Posts: 295
Joined: Fri Jul 22, 2016 4:31 pm
Location: Manchester
Contact:

Re: Insurance Provider

Post by Duncan » Wed Oct 25, 2017 9:13 pm

Seems reasonable. You don't need building cover, it is covered by the community insurance.
Forward the latest weekly Resortalia newsletter to lasterrazasdelatorre@gmail.com to get access to the private owners area

TCAAIVA
Posts: 12
Joined: Fri Oct 13, 2017 12:31 pm

Re: Insurance Provider

Post by TCAAIVA » Thu Oct 26, 2017 3:58 pm

Yes, we thought it looked reasonably priced, too.

On the matter of building cover, we were not sure about that and had previously asked what it offered that the community buildings insurance didn't offer. This was the reply.

"Community cover the building but there are some parts not covered as the extra covers on water damage (below) and anything done after 1st completion (awnings, glass terrace, air con units on top and some electrical parts). Therefore you can have the full amount for your peace of mind of just a first loss cover as you can see below.

*Not with the Community:
AXA including brand extra water covers (unblocking cost of a pipe, intervention without visible damage up to 150€, dripping, leaking, water excess on bill in case of a broken pipe with damages).

Option 2: Annual Premium : 95,54€
Civil liability: 300.000€
Rebuilding: 10.000€-FIRST LOSS
Contents: 12.000€
Jewelry: 1.500€
Use: secondary (if to be rented, please tell me if on short or long terms)

*Alternatively, if you do not want to have any Building cover at all, please see option 3.

Option 3: Annual Premium : 58,72€
Civil liability: 300.000€
Rebuilding: 0€
Contents: 12.000€
Jewelry: 1.500€
Use: secondary (if to be rented, please tell me if on short or long terms)"

I suppose it depends upon how much risk the extras are likely to present? For the small amount extra it seems to eliminate any doubt. When viewing various apartments on LTDT before we decided to purchase, we saw one where the ceiling had collapsed and wondered what had caused it. It looked like it might have been from outlet pipes from the apartment above and whether the apartment owner would have been liable for the repair cost or if that would have been covered by buildings.

Post Reply

Who is online

Users browsing this forum: No registered users and 1 guest