spvi Property insurance

Facing the illegal occupation of a property is undoubtedly one of the biggest concerns for property owners in Spain. In addition to the uncertainty of how to proceed, it often involves legal complications, property damage and potential financial losses.

Squatting, along with defaulting tenants, is a major problem in Spain and an issue of great concern to homeowners, whether they have many or just one property. What squatters call an act of rebellion or resistance against the system affects private individuals who have inherited a home or who, through hard work and effort, have managed to buy a house.

When you decide to rent a property, the big question always arises: How can you protect yourself against possible non-payment or damage caused by the tenant? This is where tenant default insurance comes into play – a tool that protects landlords. But who pays for it, the tenant or the landlord?

If you are renting out your property in Spain, being insured is, without a doubt, the only way to have peace of mind, and the best way to have peace of mind is to take out rental default insurance.

When it comes to making an investment as life changing as the purchase of a house, having home insurance seems indispensable.