Insurance brokers Mallorca and Andalusia

The European accident statement must be notified to the insurer within seven days of the incident, and signing it confirms agreement on how the accident happened rather than an admission of fault, which is decided afterwards from the boxes ticked and the sketch.

Third party liability insurance is compulsory for every vehicle in Spain, and the levels above it, third party with theft and fire and then fully comprehensive, are optional additions whose value depends chiefly on the age and value of the car.

A Spanish home policy is built from two sums insured, the continente covering the structure and fixed installations and the contenido covering everything movable inside, and if either is set too low every claim is reduced in proportion.

The excess, or franquicia, is the amount deducted from every settlement and borne by the policyholder, so a claim below the excess is not worth making and one above it is paid less that fixed amount.

A Spanish lender may require insurance covering the property against damage, but it cannot compel a borrower to take life or payment protection cover, nor to buy any policy from the lender itself.

Public liability cover for the self-employed in Spain divides into operating liability for damage caused to third parties during the activity, employer liability for harm to your own workers, and professional liability for financial loss caused by an error in advice or design.