The claims for the extensive damage resulting from the recent floods on the coast in early December were, to a large extent, met by Spain’s Consorcio de Compensacion de Seguros (CCS). The CCS is a central compensation fund which is funded by a very small percentage of the sums insured on every insurance policy sold
If you have taken a mortgage out with a Spanish bank over the past few years, you may be entitled to some money back. Back in the era of higher interest rates, several banks introduced a controversial clause known as the “floor clause”, which imposed a minimum interest rate on floating rate mortgages, which meant
We are pleased to confirm that we are nearing the end of the dramatic increase in workload created by the December floods, and the vast majority of our clients have now put the experience behind them. We opened in excess of 500 claims resulting from the unprecedented rains on the 3rd & 4th December, and have
Having maintained our annual policy fee static since we first introduced it back in 2011, we advise that we will be applying a new schedule of fees as of the 1st July 2017. The updated schedule is of course available to all our clients at our offices. While we have done our utmost to absorb
It’s been almost two weeks since the disastrous storms and subsequent flooding in Malaga of the 3rd & 4th December, and for those of you who were unfortunate enough to be affected you are probably busy getting your homes, cars and business’s back to normal again and wondering how the Insurance industry is going to
The heavy rains of last weekend have left many people wondering how their Insurance policy will respond to the damages caused. The nature and intensity of the rainfall means that instead of being picked up by the Insurance Companies, the majority of the claims will be dealt with and indemnified by the Consorcio. So who
It is difficult to comprehend what a profound affect a burglary would have on you unless you have actually experienced it.
5 steps on how to deal with a household insurance claim, what your duties and responsibilities are as well as the insurance company’s duties and responsibilities.
There are concepts you need to know when insuring your home in Spain. Home insurance is different depending on countries, and sometimes saving a little on the premium may leave you without cover in case of claim. Price is important, but the sum insured, the scope of coverage and the responsibility, are important too.