When renting a house in Spain, it is generally advisable to have two types of insurance coverage:
Homeowner’s Insurance (Seguro de Hogar): While you are renting the house, the responsibility for ensuring the physical structure and any fixtures usually lies with the owner. However, it is essential to confirm this with the landlord or the terms of your rental agreement. Homeowner’s insurance typically covers damages to the building, such as fire, theft, water damage, and natural disasters. It may also provide liability coverage in case someone is injured on the property. Ensure that the landlord has this insurance in place and ask for proof of coverage.
Renter’s Insurance (Seguro de Alquiler): When buying a property to let, it is advisable to consider getting renter’s insurance to protect your personal belongings and provide liability coverage. Renter’s insurance typically covers your possessions in case of theft, fire, water damage, or other covered perils. It may also offer liability coverage if someone gets injured in your rented property. This insurance is usually affordable and provides peace of mind for the tenant. Make sure to check the contract and conditions so that it includes rental coverage.