Spain attracts a large number of foreigners to visit the country due to its climate and culture. In addition, its quality of life, in the last decade has increased the number of foreigners who have chosen to reside, buying real estate and personal property.
Many insurance companies are using this to their advantage and are trying to win new customers through new offers for the convenience of residents in Spain.
Currently, the market is full of offers with different needs and conditions both for foreigners traveling as tourists and for those who are going to reside for study, work or looking for new opportunities.
In this blog we will give you information and tips to take into account when taking out insurance and the importance of contracting with trusted insurers that cover your needs and that attend to you and solve your problems quickly in your language.
Is it easy to take out insurance for foreigners in Spain?
The paperwork to get Spanish insurance can be a challenge for those relocating to Spain. There are specialized companies that are aware of the solutions and benefits with insurers and that help the person to choose between the different contracts, analyzing and offering the best option to their clients. And they help foreigners who do not speak Spanish with the paperwork and assistance.
At Tiekom we work with trusted insurers offering the best coverage with competitive prices and the best personalized service in your language.
Mistakes to avoid when taking out insurance
Below some tips to assess when hiring insurance. Don’t forget these points that will be very useful to take out the insurance that best suits your needs:
• The cost of the premium and discounts
• Concepts excluded in coverage
• Commitment to remain
• Remember the insurance renewal date in case you decide to change any of the insurance coverage…
Spain has a state-run healthcare program, which provides free healthcare for all Spanish residents. If you qualify to access the state system as a resident, it will be covered by your mandatory social security contributions in Spain.
Many expats choose to add optional private health insurance to their budget. The benefits of this include greater choice and shorter waiting times.
In addition to this, private insurance may also give you more access to English-speaking medical professionals.
Local law requires a minimum level of car insurance in Spain, called seguro a terceros. This covers damage to third parties, fire and theft. If you want comprehensive insurance, you should opt for seguro a todo riesgo, which will cover damage to your car, the other car and other matters arising.
Lower monthly payments may be available if you have proof you haven’t made a claim for several years and/or are willing to pay a higher excess (franquicia). In some cases, you might be able to present your accident or insurance history from your previous country of residence.
To drive in Spain, you may need to get a Spanish driver’s license once you are a resident. Additionally, you will need to learn the road rules for driving in Spain.
Most vehicles require insurance to operate legally, including trucks, RVs, motorbikes, scooters, boats, and planes.
House insurance is not a legal requirement, but it is often recommended if you buy a property in Spain. Your Spanish mortgage provider may insist that you have home insurance, and will often offer you their in-house deal. However, you are not required to take this and can shop around for more competitive options.
Look for cover that insures against natural disasters, fire, flood, and other damage. In addition to this, new builds should already have coverage against defective workmanship.
Apartment buildings often have insurance included in their service charges. This insurance is not a replacement for home insurance, so not make any assumptions about the cover without fully understanding the policy details.
Main most valued advantages that we provide in our insurance offer for expats:
• Work with a reference company to ensure quality, safety and solvency.
• English-speaking, telephone assistance, speed and efficiency in dealing with incidents and compensating the client.
• Instant quotes
• Online applications
Whether you’re looking to protect the health, your home or your car, Tiekom can help. Choose the insurance that best suits your needs, with the best coverage and special prices for expats.
The best way to offer quality service is to be close to you. That is why we keep improving day by day because you are our priority. You can find all the information about our insurances on the Tiekom website or by email: firstname.lastname@example.org In all cases we will be happy to help you.