Property insurance in Spain – what should it cover and how much does it cost?

Written by Anita Orlowska on 25.07.2025 - 7m reading

Written by Anita Orłowska on 25.07.2025 - 7m reading

Home insurance in Spain is one of the most effective ways to protect yourself in the event of an unforeseen incident, such as theft or flooding. Find out where to get the best home insurance and how much it costs.

Life writes different scripts, and unforeseen circumstances can result in costly material damage. This, in turn, can temporarily deprive you of an additional source of income. That is why an insurance policy is a good solution. Spain offers many forms of protection with different terms and prices. Read this guide to find out what to look for and learn about the types and prices of property insurance in the Iberian Peninsula.

 

Contents:

Contents:

Contents:

Why is home insurance in Spain an essential part of a secure investment?

 

When deciding to purchase an investment property, you certainly want to get the most out of it with minimal expenditure. One way to protect yourself against potential financial loss is to insure your home in Spain. This is essential protection for luxury properties against unforeseen events. Importantly, although the law does not require citizens to purchase a policy, the bank may do so when granting a mortgage.

Seguro de hogar, or home insurance in Spain, is not just about financial security. Although this is important, taking out a policy also gives peace of mind and a sense of security to property owners. This applies both to people who live in prestigious apartments and to investors who rent out their properties.

With luxury property owners in mind, many Spanish insurance companies offer special packages that take into account the specific characteristics of exclusive apartments and houses, including valuable furnishings. Policies with a wider range of coverage are called seguro de hogar premium or seguro de hogar a todo riesgo.

You may be interested in: Mortgage in Spain for the purchase of real estate. How to obtain one?

 

 

Types of property insurance available in Spain and their scope of coverage

In Spain, property insurance for non-residents is available in three variants. These are:
 

  • home insurance (seguro de hogar) – comprehensive protection for both the structure of the building and its contents,
  • contents insurance (seguro de contenido) – covering only movable property,
  • building insurance (seguro de construcción) – focusing on the structural elements of the property.
     

For owners of luxury properties, the first option, i.e. comprehensive insurance (seguro de hogar), is the most advantageous.

The standard scope of insurance coverage in Spain should include damage caused by fire, flooding, damage to plumbing, theft and vandalism. In the case of property rental, it is also worth considering additional civil liability insurance. This protects the owner against any claims from third parties in the event of an accident in the apartment.

What affects the cost of home insurance in Spain?

As in Poland, the cost of home insurance in Spain depends on many different factors. These are primarily:
 

  • Location – the location of the property has a huge impact on the cost of the insurance policy. Spain is not only a tourist region with exclusive resorts, but also an area that is more prone to various natural disasters. In such places, you should expect higher insurance premiums.
     
  • Size and type of property – larger apartments and houses, especially those in the premium sector, usually come with a higher cost. 
     
  • Rebuilding value – contrary to appearances, this is not the purchase price, which also includes the land. It only takes into account the actual value of the building.
     
  • Value of furnishings – seguro de hogar also covers movable property, i.e. furniture, electronics and personal belongings. The final price of the insurance depends on both the type and value of the assets.
     
  • Scope of cover – the basic version includes, for example, theft insurance. Spain also has much more comprehensive policies, e.g. covering illegal seizure of property. The greater the scope of cover, the higher the price.

How much does an insurance policy cost in Spain?

Basic home insurance in Spain, known as hogar básico, costs less than €150 per year. However, the scope of the policy is limited. The price of medium-level cover (hogar intermedio), e.g. with additional civil liability insurance, ranges from €150 to €220 per year. A comprehensive policy, or hogar completo, costs over £225 per year.

Importantly, in the case of luxury properties, you should not be guided by price. It is much more important to tailor the cover to the specific requirements and value of the apartment or villa, as well as the needs of the owner.

Where is the best place to insure your home? Choosing a policy for luxury property in Spain

Are you wondering where to get the best home insurance in Spain? When choosing a company, you should first and foremost make sure that the value of your property is accurately assessed. This will determine the sum insured.

Also pay attention to the scope of coverage offered, which should include both basic fortuitous events and illegal seizure of property or loss of rental income. It is also important to carefully review the policy exclusions and liability limits before signing the contract.

In addition, when purchasing an insurance policy in Spain, check:

  • the company's reputation,
  • customer reviews,
  • information on the speed of claims settlement,
  • availability of customer service in English or Polish,
  • the option of online policy management.

Property insurance for non-residents – practical aspects

Home insurance in Spain can only be purchased by the owner, co-owner or tenant. The contract is usually concluded for 12 months and has an automatic renewal option, so you don't have to worry about additional formalities. Nevertheless, you should keep your insurance policy up to date, adjusting it to changing needs or the value of the property. This includes, for example, renovations or the purchase of expensive equipment.

Property insurance for non-residents and residents in Spain is the best way to protect your luxury apartment or villa against unforeseen events such as fire, flooding or theft. Thanks to a wide range of options, you can tailor the scope of cover to your needs and the type of property. And if you are just looking to buy, check out Elite World Estates' offer and choose an exclusive apartment or villa on the Costa Blanca or Costa del Sol!

TOP TOWNS IN COSTA BLANCA

TOP TOWNS IN COSTA BLANCA

TOP TOWNS IN COSTA BLANCA

TOP TOWNS IN COSTA BLANCA

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