House insurance advice please?

Hi Marmike,

A correct and reliable way to assess the rebuilding value of the property would be based on the built m2 and m2 of tiled terraces (e.g. terraces, balconies, solarium) together with e.g. private pool or fences if existing (exact m2 details can be taken from the deed).  It is not necessary on the other side to insure the plot or market value.

With these values, the insurance companies can calculate and suggest an up-to-date rebuilding value. 

We are Agents for Liberty Seguros, if you wish we can assist you and provide you with a no-obligation quote.

Kind regards, Alfonso - Gran Alacant Insurances

Hello Mar

I have sent you a private message.

Caren

Like you we insured with our bank when we bought our property as we didn't know better. On renewal we got even better cover for less money with  Liberty Seguros, would recommend them.

We insured with Sabadell. Last year we had a better quote from Mapfre, but could not stop the renewal with Sabadell as they require minimum 2 months notice. They said that it is the law in Spain, so check with your bank before signing up with a new insurer. I have made a diary note to cancel ours this year!

Ours was with Sabadell also but we stopped it by changing the status of the Direct Debit to "Not Pay" using the Online Banking service and it was only two weeks before the renewal date.

Wow, thanks for that, John. I am surprised the bank told me that there was nothing I could do!

The law in Spain requires 1 month only to be given to cancel insurance  

They seem to make it up as they go along! Thanks for that.

We have a 2 bedroom lower ground apartment, with one apartment above  

We went with Direct Linea , great price €99 with a lot of cover 

They don't have an office, but they speak English and it was so easy, I would recommend highly  

Hope this helps

Betty