insurances
Insurance is another important element to be taken into account when you want to buy a home.
Every property you want to use as collateral for a mortgage in Spain has to be protected by fire insurance, but we recommend you to consider at least two other types of insurance in order to protect your home against any adversity. First the Home Protection Plan, a comprehensive insurance for your property. Then a Mortgage Repayment Life Insurance, which will cancel the pending debt of your mortgage in the event of death or total and permanent disability of the loan holder, all to the benefit of your family.
Repayment life insurance
What if an accident prevents you from repaying your mortgage?
Will your family be able to face this situation without struggling?
If you want them to be on the safe side, contact the mortgage repayment insurance, and you can forget about this matter.
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