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Owning a rental property in Spain is a popular investment for expats — whether it's a holiday let on the Costa Blanca or a long-term rental in Valencia or Barcelona. Many expat landlords discover too late that their standard home insurance doesn't adequately cover them once a property is let to tenants. Landlord insurance in Spain is a specialist product that addresses the unique risks of being a property owner with paying tenants.
Yes. Standard homeowner's insurance (seguro de hogar) in Spain covers an owner-occupied property. The moment you let the property to tenants — even short-term holiday lets through Airbnb — the risk profile changes and many standard policies are voided or have reduced cover. Spanish insurers specifically exclude losses that arise from tenant damage or tenant civil liability under standard homeowner policies.
The Spanish rental market is regulated by the Ley de Arrendamientos Urbanos (LAU). While the LAU does not mandate landlord insurance, any mortgage lender with a charge over the property will typically require buildings insurance at minimum.
Covers the structure of the property — walls, roof, fixed installations, plumbing and electrical systems — against fire, water damage, storm, subsidence and vandalism. Required by most mortgage lenders. Rebuilding cost valuation is important: insure for the full reconstruction cost, not the market value.
Covers furnishings, white goods and fixtures you provide as part of the furnished let. Does not cover tenants' own possessions (they need their own contents cover). Particularly relevant for fully furnished holiday lets.
If tenants stop paying rent, eviction proceedings in Spain can take 6–18 months. Loss of rent insurance covers your rental income during the eviction period, up to a specified monthly limit and total period (typically 6–12 months). This is one of the most valuable extensions for long-term landlords in Spain.
Covers legal costs associated with evicting non-paying or problem tenants, pursuing unpaid rent through the courts, or defending any claim brought by a tenant. Given the cost of Spanish legal proceedings, this cover pays for itself quickly.
Covers you as the property owner if a tenant or visitor is injured on the property and holds you responsible. Essential if you let to third parties.
If you let via Airbnb, Booking.com or similar platforms, specialist holiday let cover addresses the unique risks: higher tenant turnover, guest damage, and the civil liability of hosting paying guests.
Basic buildings-only landlord insurance for a typical Spanish apartment or villa starts from €200–€400/year. Comprehensive landlord policies including loss of rent and legal expenses typically range from €400–€800/year for a property valued up to €300,000. Holiday let policies with high-turnover tenant risk are individually rated.
Airbnb's AirCover provides some protection but has significant exclusions and is not an insurance policy in the Spanish legal sense. For meaningful protection of your asset and your civil liability as a host, specialist holiday let insurance is strongly recommended.
Yes. Loss of rent (pérdida de alquileres) cover is available in Spain and is particularly valuable given the slow pace of Spanish eviction proceedings.
Intentional tenant damage is typically excluded from standard policies. However, accidental damage by tenants is usually included. Some specialist landlord policies add tenant malicious damage cover as an extension.
Your mortgage lender will require buildings insurance at minimum, often naming themselves as joint insured. We can arrange a policy that meets mortgage conditions while also providing the full landlord cover you need.
