What to do about building and content insurance?

Posted: Sun Jan 24, 2016 7:50pm

9 replies26 views2 members subscribed

bernice63

Posts: 9

1 helpful points

Location: Villamartin

Joined: 31 Oct 2015

Hi Everyone

My husband and I are hoping to complete this week on a lovely apartment in Villamartin. We will be coming out in the Easter hols to collect keys and get it up and running - very excited about it all! Can anyone advise what to do about building & contents insurance - arrange here in the UK or do you need to use a company based in Spain? Sorry to be a bit dense - only just thought of it - and the place may be ours by Wednesday!

Thank you.

Bernice

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Posted: Mon Jan 25, 2016 9:43am

Bernie123

Posts: 27

6 helpful points

Location: Villamartin

Joined: 16 Jan 2016

Posted: Mon Jan 25, 2016 9:43am

Hi Bernice, exciting isn't it, I completed on a house in VM in November and when it came to completion day my bank Sabadel arranged it for me for the first year ( can't remember the cost but just went with it so I can leave it until next year to really shop around) good luck!! Are you moving out or is it a holiday home, I'm a bit of both, holiday home for 2 yrs then early retirement in Spain here I come.

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Posted: Mon Jan 25, 2016 1:41pm

soldierboy001

Posts: 64

4 helpful points

Location: Benidorm

Joined: 6 Aug 2015

Posted: Mon Jan 25, 2016 1:41pm

If you are paying on mortgage you will probably find it has already been included in your sale for the first year and then you can shop around.

I was going to shop around with Sabadell my bank because they used Mapfrei which is quite expensive but while getting quotes I got a letter from Sabadell to say they were going to do it themselves and the quote I got from them was very competitive, so I use them now.

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Posted: Mon Jan 25, 2016 5:35pm

Moya

Posts: 9

Location: Villamartin

Joined: 26 Nov 2015

Posted: Mon Jan 25, 2016 5:35pm

bernice63 wrote on Sun Jan 24, 2016 7:50pm:
Hi Everyone
My husband and I are hoping to complete this week on a lovely apartment in Villamartin. We will be coming out in the Easter hols to collect keys and get it up and running - very excited about it all! Can anyone advise what to do about building & contents insurance - arrange here i...

Read more...

...n the UK or do you need to use a company based in Spain? Sorry to be a bit dense - only just thought of it - and the place may be ours by Wednesday!
Thank you.
Bernice

Hi Bernice, congratulations!

My husband and I are in the same situation only a few weeks ahead of you. I was going to give you my experience but it I see that you have already been given exactly the same story already. We took our insurance with our bank, Sabadell, very painlessly after completion.

Good luck, hope the completion all goes smoothly and you are enjoying your new home before you know it!

All the best

Moya

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Posted: Mon Jan 25, 2016 5:55pm

finmar

Helpful member

Posts: 116

124 helpful points

Location: Playa Flamenca

Joined: 17 Jan 2016

Posted: Mon Jan 25, 2016 5:55pm

bernice63 wrote on Sun Jan 24, 2016 7:50pm:
Hi Everyone
My husband and I are hoping to complete this week on a lovely apartment in Villamartin. We will be coming out in the Easter hols to collect keys and get it up and running - very excited about it all! Can anyone advise what to do about building & contents insurance - arrange here i...

Read more...

...n the UK or do you need to use a company based in Spain? Sorry to be a bit dense - only just thought of it - and the place may be ours by Wednesday!
Thank you.
Bernice

I have taken out contents and building insurance with Sabadell Bank as I have opened an account with them. If I require to use bank cheques the cost of these will be reduced. The payment is taken off when the paperwork is signed and cost me 253.65 euros annually.

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Posted: Mon Jan 25, 2016 6:17pm

bernice63

Original Poster

Posts: 9

1 helpful points

Location: Villamartin

Joined: 31 Oct 2015

Posted: Mon Jan 25, 2016 6:17pm

soldierboy001 wrote on Mon Jan 25, 2016 1:41pm:
If you are paying on mortgage you will probably find it has already been included in your sale for the first year and then you can shop around.
I was going to shop around with Sabadell my bank because they used Mapfrei which is quite expensive but while getting quotes I got a letter from Sabadell to say they were going to do it themselves and the quote I got from them was very competitive, so I use them now.
...

Read more...

...

Many thanks for your helpful replies - we are also with Sabadell and I have asked for a quote! Great to know everyone seems to be using this bank and is happy.

Kind regards all

Bernice

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Posted: Mon Jan 25, 2016 6:23pm

bernice63

Original Poster

Posts: 9

1 helpful points

Location: Villamartin

Joined: 31 Oct 2015

Posted: Mon Jan 25, 2016 6:23pm

Bernie123 wrote on Mon Jan 25, 2016 9:43am:
Hi Bernice, exciting isn't it, I completed on a house in VM in November and when it came to completion day my bank Sabadel arranged it for me for the first year ( can't remember the cost but just went with it so I can leave it until next year to really shop around) good luck!! Are you moving out ...

Read more...

...or is it a holiday home, I'm a bit of both, holiday home for 2 yrs then early retirement in Spain here I come.

Holiday home first Bernie123 with a view to either retiring there or spending 6 months or so out there to avoid the weather here!! We came out in October last year to find somewhere and were lucky to find our apartment quickly. Looking forward to meeting new people and enjoying the climate and lovely food!

Best wishes

Bernice

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Posted: Mon Jan 25, 2016 6:26pm

bernice63

Original Poster

Posts: 9

1 helpful points

Location: Villamartin

Joined: 31 Oct 2015

Posted: Mon Jan 25, 2016 6:26pm

Moya wrote on Mon Jan 25, 2016 5:35pm:
Hi Bernice, congratulations!
My husband and I are in the same situation only a few weeks ahead of you. I was going to give you my experience but it I see that you have already been given exactly the same story already. We took our insurance with our bank, Sabadell, very painlessly after completion. ...

Read more...

...
Good luck, hope the completion all goes smoothly and you are enjoying your new home before you know it!
All the best
Moya

Thank you Moya - it is very nice to already be in touch with helpful, friendly people! Can't wait to get out there now.

Kind regards

Bernice

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Posted: Mon Jan 25, 2016 8:28pm

bernice63

Original Poster

Posts: 9

1 helpful points

Location: Villamartin

Joined: 31 Oct 2015

Posted: Mon Jan 25, 2016 8:28pm

soldierboy001 wrote on Mon Jan 25, 2016 1:41pm:
If you are paying on mortgage you will probably find it has already been included in your sale for the first year and then you can shop around.
I was going to shop around with Sabadell my bank because they used Mapfrei which is quite expensive but while getting quotes I got a letter from Sabadell to say they were going to do it themselves and the quote I got from them was very competitive, so I use them now.
...

Read more...

...

Many thanks for your reply - our solicitor has asked Sabadell for a quote. We will probably do the same as you all and go with it.

Kind regards

Bernice

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Posted: Tue Jan 26, 2016 7:45pm

bernice63

Original Poster

Posts: 9

1 helpful points

Location: Villamartin

Joined: 31 Oct 2015

Posted: Tue Jan 26, 2016 7:45pm

Many thanks Ray - we are thinking it is probably a good idea to go with the bank as we will not be living there and will need to use their services often to pay for the running of the apartment and if they will reduce the charges for this we reckon it will be worth it.

Kind regards

Bernice