How To Get Holiday Home Insurance
For A Villa In Spain
Having a villa in Spain is many people's
idea of a dream vacation spot. If you are fortunate enough to be
able to purchase one, you may wonder what kind of insurance is
required. Insurance can differ in other countries, so here is the
skinny on holiday home insurance Spanish style!
Having a holiday home insurance policy for your villa in Spain
is a very wise business move. This will give you coverage in case
of a disaster just like your homeowners policy does in your permanent
residence. Many times you can get a holiday home insurance policy
in the UK for your Spanish villa. The advantage of this is that
it is usually written in English. There is no missing any important
details in the translation. Many of these companies have representatives
in other countries so that you do not need to do business over
the phone. (Which is a relief if you onoly speak 'Span-Glish'!)
Having adequate holiday home insurance for your villa in Spain
is especially important if you are planning to rent out your villa
when you are not using it. This is a great way to maximize your
investment. If you are planning to rent, make sure your policy
is adequate to cover any potential losses. Keep in mind that if
you constantly have people coming in and out of your villa there
are bound to be some damages at some point. Some policies will
help you to protect your investment income by covering rental fees
that you have booked in advance if there is a fire or flood that
renders your property uninhabitable.
If you only have your villa in Spain for family gatherings and
vacations.
You can get away with less coverage. Beware
of the fine print though, since some policies require your property
not to stand empty for more than 30 days at a time. Other stipulations
can include having someone check on the villa weekly, special locks
to be installed, or the pipes drained when unoccupied. These things
can be difficult to work out if you live far away, so be sure to
read everything thoroughly.
Keep your deductible at the highest level you can afford. This
will help keep your premium to a minimum. Pay for minor damages
out of your own pocket, and save claims for the major issues. Consider
having a separate contents policy to protect you in cases of theft
or damage. You will need more coverage if you are renting your
villa out than if it is just a family getaway. But, either way,
a contents policy is a safe bet.
There are several companies who offer holiday home insurance for
a villa in Spain, so do your homework. The rates can vary quite
a bit from one company to another. You want to get the best deal
possible so it is imperative to shop around and ask questions.
If you keep these things in mind, you can get a great deal on holiday
home insurance in Spain.
