Building & contents insurance in Mallorca

Features: Home contents insurance in Spain protects your possessions as well as your family and pets living in the house, both inside and outside the property. Home contents insurance also covers damage caused to third parties. Therefore, it is very important to precisely determine the sums insured explained below. Bohemia Mallorca can offer you products from the best Spanish insurance companies. We will be happy to help you with your selection, including other insurances such as private health insurance in Mallorca, car insurance, pet insurance, legal protection insurance for the self-employed and cyber insurance in Spain.

Calculating the value of the building To determine the value that you should assign to the building, the insurance companies for building insurance and home insurance in Mallorca usually start from the built-up area of the house. For a building of average construction, this value ranges between € 1,000 and € 2,000 per square metre. It is also important not to ignore the minimum value suggested by the insurance company. If you insure less than the corresponding value, you are underinsured and in case of a partial loss, the company will pay compensation in proportion to the insured value.

The building is the totality of the building elements and structure of a house, which includes the roof, floor, walls and all structural elements. The value of the building stated in the building and contents insurance should correspond to the reconstruction value of the property. The reconstruction value is the cost of rebuilding the building in the event of a total loss. The calculation depends on the quality of the materials, the type of construction of the property, the year of construction or date of the last renovation and the size (m2).

The contents (household effects) The contents are the sum of the domestic and/or private goods owned by the family unit. This includes all the items we have in our home (electrical appliances, furniture, clothing, items for personal use, jewellery and items of special value, etc.). These constitute the household effects. If we decide to insure the household effects, we have to give a value to the insurance companies. This is of crucial importance. This is because we are underinsured if the entire household contents are insured for less than the replacement value of the items actually in the home. In these cases, the company will only compensate on a pro-rata basis to the insured value. Other aspects to be considered are jewellery, cash and items of special value, as they are subject to special treatment.

Personal liability insurance This buildings and contents insurance in Mallorca covers the civil liability for damage caused by the insured, his family, the animals he owns or the goods he possesses, whether it is a flat or a house, always in the context of his private life. Personal liability insurance covers the damage that may be caused by the acts or omissions of the policyholder as well as the persons living in the household (including pets). Two examples that underline the case for liability insurance in building contents insurance. Note that the liability insurance of your household contents insurance also covers possible personal injuries.

• A burst pipe has happened in our flat on Mallorca, causing flooding of the floor below.
• A flower pot accidentally falls out of the window onto the street and a person is physically injured as a result.

Legal expenses insurance is a guarantee offered by the insurer to cover the costs incurred by the insured person in participating in legal or administrative proceedings. Its main purpose is to defend the individual against claims or problems by amicable or legal means.

Rent Renting is an advantageous alternative that gives many people independence. However, it also means a great deal of responsibility for a property that belongs to someone else. If you live in a rented house or flat, it is very important to take out household insurance in Mallorca. The aim and purpose is to protect both your property and yourself from damage that you can cause in the property you live in.

If one of your items (e.g. a radiator) catches fire and the house burns down, you (as a tenant) would be responsible for the fire. Therefore, we highly recommend that you take out household insurance in Spain if you live in a rented house. Home contents insurance for tenants has a very low premium (price) and you can live much more relaxed.

Tourist rental The rental of accommodation for tourists has increased significantly in recent years. For this reason, many people have decided to purchase a property in order to offer it on the holiday rental market and thus earn an income. If a property is only rented out for short periods, special buildings and contents insurance is required. This provides comprehensive insurance cover adapted to the use and needs. Please bear in mind that damage to the property, to the tenants and even to third parties can occur during the rental period.

The most important aspect of buildings and contents insurance for holiday rentals in Mallorca is mainly the liability included. In the event of damage of any kind caused to third parties, the insurance company will pay out the corresponding compensation. In addition, this insurance includes other very interesting benefits, such as legal protection. We will be happy to advise you further on this.

Coverage options

• Fire, explosion, light, water damage, damage caused by vandalism or intentional acts.
• Flood, rain, hail, snow, broken window panes, broken sanitary ware.
• Theft by force and robbery in the home.
• Other expenses for salvage.
• Liability cover
• Repair service, 24 hours a day, 365 days a year, plus a handyman service.
• Family legal protection.
• IT service.
• Legal protection for e-commerce.
• Extension of cover to robbery with violence, assault and theft.
• Extension to glass breakage: plexiglass furniture, glass ceramic hobs, glass in solar panels and glass elements in electrical appliances.
• Aesthetic restoration of building & household contents.
• Restoration of the garden.
• Replanting of trees.
• Damage to refrigerated goods.
• Damage to garden furniture.
• Excessive water consumption.
• Complete building collapse.
• Accidental spillage of liquids other than water.