Home insurance in Spain for high-value homes
Villas, fincas, townhouses and apartments whose rebuild cost, contents and grounds a standard hogar policy was not designed to carry — placed with specialist insurers underwriting in Spain, with the conditions agreed in writing before anything happens. Full-time residence, second home or held from abroad.
Home insurance for every kind of international owner
Spanish home insurance is not one product. What suits a full-time resident in an apartment inside a community of owners is not what suits a stand-alone villa used six weeks a year. The starting point is always the same question: how is this property actually occupied and used?
Permanent residence
Your main home, lived in year-round. Cover is built around normal daily occupation.
Holiday home / second home
Used for part of the year and left empty the rest. Insurers ask about the pattern of unoccupancy — answering it accurately matters.
Apartment or villa within a community
Where the building itself is often insured under a community (comunidad de propietarios) policy, separate from your own contents and interior cover.
Property owned but not yet lived in
Bought, being renovated, or awaiting your move — cover still needs to be in place from the point you take on the risk.
General guidance only, for international clients considering or arranging insurance in Spain. What a policy actually covers, its excesses and its exclusions are set by the insurer and the wording of that specific policy — not by this page. Nothing here is legal, tax or immigration advice.
What we analyse in a high-value home
In a property of real value the right cover is a matter of analysis, not of choosing a product. We look at the house, the way it is used and what is inside it, and only then approach the insurers whose underwriting fits.
Rebuild cost and sums insured
How the cost of rebuilding is established, whether the sums insured are sufficient and whether the policy limits the indemnity in any way — including how underinsurance and the proportional rule would apply.
Fire, flood, storm, earthquake and water
Which natural and accidental perils are covered, on what terms, with which excesses, and what local exposure — coast, river, slope, seismic zone — means for acceptance.
Contents, art, jewellery and collections
Whether contents are insured at a realistic value, which items need to be scheduled, how they are kept and what limits apply per item and in total.
Gardens, pools, outbuildings and equipment
Walls, pools, annexes, garages, solar installations and outdoor equipment: what is part of the building sum and what needs to be declared separately.
Liability, staff and the way the house is run
Liability limits set against the real exposure — guests, domestic staff, contractors, management services — and the cover that each of them may need.
Special properties and ownership structures
Historic or listed houses, unusual construction, properties owned through a company, and several homes in Portugal and Spain that should be insured coherently.
What we need to prepare a proposal
- Address, year of construction and gross area.
- An estimate of the rebuild cost, which we review with you; for Portugal we use the APS SCRIM simulator as a reference.
- Contents and valuables to insure, and how they are kept.
- Security, occupancy and any claims in the last five years.
- Your current policy, if there is one.
We assess the risk, analyse the conditions available and look for the protection that fits. All cover is subject to the insurer’s acceptance of the risk and to the terms of the policy issued.
Insurers and specialist partners
Adler & Rochefort works with insurers and specialist partners in the protection of private wealth, including Hiscox, Chubb, Liberty Mutual, Hispania and Innovarisk. The choice of solution depends on the characteristics of the property, the sums insured, its use and the underwriting conditions available. All cover is subject to the insurer’s acceptance of the risk and to the terms of the policy.
Where the house is: Spain region by region
High-value homes in Spain are concentrated in a handful of places: Marbella, Benahavís and Sotogrande on the Costa del Sol; Mallorca and Ibiza in the Balearics; Jávea and Moraira on the Costa Blanca; and city homes in Madrid and Barcelona. Each brings its own exposures, which the insurer looks at when it underwrites and which show up when a claim is made:
- Costa del Sol: Marbella, Benahavís, SotograndeVillas on hillsides surrounded by pine and scrub carry a real summer wildfire risk; firebreaks, vegetation management and access for fire engines can come up at underwriting. Pools, walls, gardens and guest houses need their own sums insured.
- Balearics: Mallorca and IbizaHomes on the coastline are exposed to winter storms and sea surges. A storm surge within the legal definition is paid by the Consorcio; terraces, glazing and garden walls damaged by ordinary storms fall on your own policy. Many are second homes, so unoccupancy conditions and the valuables kept in the house deserve a written answer.
- Costa Blanca, Murcia and coastal AndalusiaAutumn DANA storms can bring extreme rainfall within hours, as Valencia saw in 2024. Extraordinary flood is paid by the Consorcio, based on the sums in your policy; basements, garages and the cars parked in them are a matter for the policy itself.
- Madrid and BarcelonaIn older buildings, pipework and roofs are the main source of escape-of-water claims, often involving neighbours and the community of owners.
- Canary IslandsWind, the marine climate and volcanic activity: the 2021 eruption on La Palma was paid by the Consorcio.
Jewellery and watches kept in a Spanish home, and above all in a second home, need their own arrangement: see art, jewellery and watch insurance. A longer guide: insuring a high-value home in Spain, region by region.
What decides the cover and the price
None of the following is fixed or universal — it is what an underwriter is actually looking at, and getting the details right up front avoids a policy that turns out not to match the property when a claim happens.
The insurer
Availability, wording and price vary by insurer. There is no single "Spanish home policy".
The property
Construction, age, size and condition all matter, as does whether it sits within a managed community.
Location
Region, proximity to the coast and known local risks (flood, wildfire) all factor into underwriting.
Occupancy and use
Full-time, seasonal, or let out — this changes the type of cover you actually need, not just the price.
Sums insured
What the buildings would cost to rebuild and what the contents are genuinely worth — both need revisiting periodically, not set once and forgotten.
Claims history
Yours, and where relevant the property’s. Being upfront about it at quote stage is always the stronger position.
Non-resident owners
Owning a property in Spain without living there is common, and it is normally insurable. What an insurer needs is accurate information — how the property is used, whether it sits empty for long periods, who has access to it — not proof of Spanish residency. Correspondence, the policy explanation and any claim are all handled in English regardless of where you live.
What we need to prepare your quote
- The property. Type, size, age and location, and whether it forms part of a managed community.
- How it is used. Permanent residence, holiday home, or let out — and roughly how many weeks a year it stands empty.
- What you need covered. Buildings, contents, or both — and, if contents, a rough idea of what is inside.
- What you have now. Your current policy, if any, and its renewal date, so we can compare against it rather than around it.
You do not need everything to start — the form below can begin with the basics, and we will ask for the rest as it comes through.
Buying or owning property? Consider:
Request a home insurance review
Tell us about the property. Where it is, how it is used, and what you need covered change the answer more than anything else on this form.
Ask for a quote — it takes under a minute
Leave just the essentials and we will reply in writing. As each proposal is specific and requires a detailed analysis of the risk, response times may vary. We ask for the rest by email.
In Spain we place home and property cover with specialist insurers that underwrite there. Every proposal names the insurer and the conditions in writing.
What we will ask for your quote
After the first contact we ask for these details by email. If you have them to hand, you can send them now to insurance@adlerrochefort.com.
- Full name
- Full address of the property
- Spanish NIE (or passport number if you do not have one yet)
- Gross construction area
- Year of construction
- Main or second home
- Occupation
- Age
- Buildings sum insured
- Contents sum insured
- Valuables sum insured
By sending this form you agree to us using your details to prepare and discuss your quote, in line with our privacy policy. We never sell your data. Adler & Rochefort is a trading name of Ownizo, Unipessoal Lda., registered in Portugal with the ASF under no. 425591790/3 and in Spain with the DGSFP under the freedom to provide services (LPS).
No obligation to proceed. We may contact you for additional information before obtaining terms, and insurer acceptance and pricing remain subject to underwriting.
Already insured with us and need help with an existing claim? Claims support — this form is for new requests.
Thank you
Your request has been received. We will come back to you with a written answer.
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Frequently asked questions
Will the proportional rule apply to my home in Spain?
Not under the high-value wordings we place: they carry no regla proporcional, so a partial loss is not reduced for underinsurance.
Can I insure a home in Spain if I do not live there?
Yes — non-resident ownership is common and normally insurable. What an insurer needs is accurate information about the property and how it is used, not proof of residency.
Do I need separate buildings cover if my property is in a community?
Often the exterior structure is already insured under the community (comunidad de propietarios) policy, in which case your own cover is usually about contents and interior fittings — but this varies by community, so it is worth confirming rather than assuming.
What happens if the property is empty for months at a time?
Most policies have a condition about how long a property can stand empty before cover is affected. If your home is used seasonally, tell us the pattern up front — it is one of the details that most changes what an insurer will offer.
Can you name which Spanish insurers you work with?
Yes. In Spain we place home and property cover with specialist insurers that underwrite there. We ask about the property and the household first, and name the insurer in writing with the proposal.
Can my homes in Spain and Portugal be on one policy?
Often, where the insurer writes both locations: several residences, their contents and valuables under one policy with a single renewal date. Where it is not possible, the two policies are aligned so that no gap opens between them. For Portugal, see home insurance in Portugal.
How long does a quote take?
A first written opinion. For a high-value home the full proposal depends on the insurer’s appraisal and normally takes one to two weeks. If a property cannot be placed on the terms it needs, we say so plainly rather than leave you waiting.
Guides worth reading first
- Community insurance and apartment ownership in Spain — what a comunidad de propietarios policy covers, and what stays your responsibility
- Property insurance in Spain for non-resident owners — what actually matters to an insurer when you live elsewhere
- Second home insurance in Spain — what changes when a property is used seasonally
- All property guides for Spain
Related cover
Also in Portugal
A home in Portugal as well? It is placed to the same high-value standard, with the same adviser. One difference worth knowing: Portugal has no equivalent of the Consorcio, so earthquake cover is an optional extension that has to be chosen and priced, not a surcharge every policy carries.
Adler & Rochefort is a commercial brand of Ownizo, Unipessoal Lda., registered in Portugal with the ASF under no. 425591790/3 and in Spain with the DGSFP under the freedom to provide services (LPS). This page is general guidance, not a statement of what any specific policy covers, and not legal, tax or immigration advice. What is proposed depends on the property, the situation and the insurer, and every proposal names the insurer and its conditions in writing.