Luggage Feet Replacement

Insurance dwelling


In Spain the total housing stock are dedicated only to rental 10%, unlike other European countries like Germany where the figure is 60% and 40% in the Netherlands.

The reason for the lack of the rental market is the fear the outstanding owners and tenants causing damage . This is compounded by the fact that the property is acquired in many cases as low investment and legal expenses available to the landlord against the tenant. One of the measures to alleviate this is the rental insurance, insurance policy offered by both public and private insurers.

rental insurance for individuals (private)

This is a product that few companies offer and engaging the landlord especially for unpaid rent. The annual fee payable is usually around 60% of the monthly rent. Eg for a rent of € 700 annual fee payable would be € 420.

To purchase this product, the landlord must submit all information relating to the tenant, that the insurer can verify solvency and have a certain warranties. To this end, should deliver the latest payroll and employment contracts. In contrast, the owner must present ID and lease. Coverage

• default. covers between 6 and 12 months of default by the tenant.


• Damages in the building. This is one of the coverage that most homeowners demand but not available in the best conditions. Some insurance covers up to 3000 € of damage but only if they occur during the process of eviction and is found to have been the result of vandalism. Does not include damage done during the period rent.


• legal aid. Some insurers offer this coverage, which provides legal defense of the landlord until the tenant gives the keys.

insurance is valid only for new leases from the date of execution, does not cover unpaid previous installments. Insurance

governance hire

public institutions within the emergency plan of the Ministry of Housing, municipal agencies have been created to channel the lease rent of floors, while providing homeowners insurance to cover the defaults.

• rental fee. are lower than those paid on the open market, giving priority allocation to low-income individuals who do not have sufficient resources to access housing on the open market.


• Term of contract. 5 years.


• Contracts. are formalized two contracts: one between public institutions and the owner and forth between the public agency and the tenant. There is no contract between landlord and tenant.


• Defaults. The public agency is responsible, through insurance signed with the landlord, the housing maintenance and delivery in good condition at the end of the contract. There is only one requirement that housing be subsidized housing (VPO).