Fire Insurance

Guarantees the insured party compensation in case of fire damage to the assets specified in the policy or the repair or replacement of the damaged parts, including any damage caused in the extinguishing process.

Is fire insurance mandatory in my home?

We have to be clear that a fire insurance is not compulsory in all cases of home use, only when we have requested a mortgage loan from the bank, as prescribed by Spain’s Mortgage Market Regulation Law.

This coverage typically comes under Home Insurance.