House insurance Banco sabadell - Page 3

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Posted: Mon Dec 30, 2019 11:19am

frank13

Posts: 33

7 helpful points

Location: La Zenia

Joined: 17 Apr 2017

Posted: Mon Dec 30, 2019 11:19am

Hi

I purchases a property in La Zenia a few years ago, I dealt with "Bankia" bank and while I cant remember exact details the Bank advised me at the time to transfer in amounts less than €50K at a time to avoid costs. Might be worth enquiring about.

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Posted: Thu Jan 2, 2020 11:28am

Tmarshall57

Helpful member

Posts: 98

76 helpful points

Location: El Campello

Joined: 6 Nov 2019

Posted: Thu Jan 2, 2020 11:28am

We purchased an apartment in El Campello in 2017. We had previously opened an account with Sabadell who wanted about €300 Euros for a bankers draft of approx €130,000 - unless we purchased their insurance in which case the cost would be €30.00. To avoid a lot of hassle we took out their insurance for building and contents for the first year (approx €230.00) and shopped around the following year (went with Axa for €128.00). As others have said you need to cancel your insurance renewal in writing (emailed signed letter) at least one month before the renewal date.