Renting out your home in Spain, whether on a long-term basis or for short-term stays, can bring various challenges and risks.
You may not always know the reliability of your tenants, and unexpected damages can occur. As a homeowner with a mortgaged property, you’re legally required to have home insurance—also known as “landlord insurance.”
This coverage ensures you’re protected against unforeseen incidents, such as fires, natural disasters, electrical issues, and even damage caused by tenants.
Why Landlord Insurance Matters
Iberia Living works with one of Spain's largest insurers, who provide comprehensive coverage designed to protect you and your property while renting. Integral Home Insurance (landlord insurance) offers peace of mind, covering various risks associated with leasing your property.
Basic coverage protects against unexpected events like fires, explosions, lightning strikes, and severe weather (storms, heavy rain, or strong winds). This is especially crucial in today’s climate, where unpredictable weather patterns are more common.
Also covering damage due to flooding, as long as the incident wasn’t caused by negligence, like leaving doors or windows open.
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As a landlord, damage to your home can result from the tenant’s actions.
Our insurance covers a range of damages, including broken windows, skylights, doors, and kitchen appliances.
However, general wear and tear or damages to non-permanent furnishings are not covered.
If appliances break down due to electrical faults, our coverage ensures you’re protected.
This applies to all appliances, regardless of age (though computers are only covered up to 10 years old).
Additional optional coverage for appliance breakages can also be included for total peace of mind.
If your rental property is damaged to the point of being uninhabitable, you could lose rental income.
With Integral Home Insurance, you can be reimbursed for up to one year of lost rental income while repairs are being carried out.
One of the most important coverages for landlords, civil liability protects you against third-party damage.
If someone is injured on your property or if damage is caused to others’ property, we cover compensation claims, legal costs, and more.
However, malicious acts or failure to maintain the property properly are excluded.
While damage caused by tenants with malicious intent isn’t covered under standard insurance, theft-related damage (such as broken windows, doors, or walls) is.
Placing your trust in a tenant can feel like a leap of faith, as there’s always the risk of damage to your property. But with our policies, you can rest easy knowing you’re covered for most unexpected scenarios.
We provide comprehensive protection that ensures you’re not left financially vulnerable in the face of property damage, loss of rent, or tenant-related issues.
To learn more about how Integral Home Insurance can safeguard your rental property and provide you with the security you need. We’ll guide you through the best options for your specific situation, helping you make an informed decision.
Lucy Maynard, trading as Iberia Living, is an exclusive agent for insurance services, registered under listing number C0031X2486547V at the Dirección General de Seguros y Fondos de Pensiones. The information provided by Iberia Living is for general informational purposes only and does not constitute insurance advice. While we strive to provide accurate and up-to-date information regarding the insurance products available, all coverage details, terms, and conditions are subject to the policies and terms set forth by the individual insurance providers. Iberia Living acts solely as an intermediary between clients and insurers and does not take responsibility for the approval or claims process related to any insurance policies. Clients are advised to review all policy documents thoroughly, including terms, exclusions, and conditions, before committing to any insurance purchase. Please note that the insurance products and services offered by Iberia Living are subject to change at any time, and it is the client’s responsibility to ensure that they are fully informed about the terms of the policies they are considering. Iberia Living does not guarantee the availability of specific insurance products, nor does it assume responsibility for any claims or the payment of claims under policies issued.
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