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Overview of Home Building Insurance - often we find that property owners turn to the
internet because they are having problems placing particular type of risk,
simply fill in our contact form below, tell us your requirements and we will see
what we can do for you. We have access to a large number of property insurance
markets and will always try to obtain our best price for you.
At Assetsure, we are able to issue quotations and cover quickly and efficiently,
we welcome your enquiry for any Property Insurance Risk. We particularly welcome
insurance quotations from Expats or persons owing holiday homes in Spain. Our
underwriters have been established in this market for in excess of 100 years and
we are able to offer real expertise in this field. As well as quoting for whole
buildings, we are able to offer first loss cover on flats and apartments giving
you the option to have your own insurance policy wording written in English
.This facility is available for both owner occupied property and property that
has been purchased in Spain for rental purposes.
We have other services for Expats as well including Expat Travel Insurance. This
product has been designed entirely for the Expat and you may start and finish
you trip from any destination. All the usual sections that you would expect to
be covered buy a Travel Insurance policy are included. We are also able to
provide quotations for Expat medical Insurance for persons living and working
abroad.
Insurance of Buildings used for domestic purposes, includes the home itself,
sheds and garages on the same site as well as; central heating tanks, gas tanks,
septic tanks, oil tanks, tennis courts, swimming pools, patios, walls drives and
fixtures & fittings. A general rule of thumb is anything that you would leave
behind when selling a property should be classed as buildings. The insurers will
ask if your building is of standard construction. To answer Yes to this
question, your home must be built of brick, stone or concrete and must be
covered with slates, tiles or concrete. If your building is made of any other
material, you must point this out. If you have an extension with a flat roof or
your roof is flat felt on timber you must point this out at the time of
quotation. If you Building is split in to flats or is a purpose built block of
flats, you must also point this out.
In order to minimise risk,
possibly look for 'Legal Protection' insurance; this provides cover for any
legal costs incurred in pursuing the tenant for any breach of the tenancy
agreement. This is a relatively cheap way to eliminate the financial impact of
the risk occurring as legal costs would be covered. Another common fear (and
genuine risk) is �what if my tenants have wild parties and wreck all the
furniture and property interior-� How realistic is this- Certainly most people
who rent are not emotionally attached to the property in the same way as if it
were their own property. However, you or your agent will have credit checked
them, obtained a deposit and rent in advance before letting them access the
property, so the tenants should be motivated to care for the property/ protect
their deposit. In order to minimise this risk it is worth investing in Legal
Expenses Cover; this insurance cost pays for legal expenses (in the event of
accidental or deliberate damage caused by the tenants), which needs to be
resolved through legal means. This is a situation where the cost of repair
exceeds the deposit. The use of legal process should be a last resort but if
that worst case did arise, this insurance covers the potentially large cost of
using a solicitor. This is an optional insurance but very worthwhile.
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