Dekadowe ubezpieczenie dla nowych domów w Hiszpanii: Ochrona inwestycji
Protecting your investment in real estate in Alicante
Buying a home is an important decision and a major investment, so it is crucial to ensure the protection and security of your new property. In Spain, decennial insurance for new homes is a legal tool designed to give buyers peace of mind by guaranteeing builders’ liability for potential long-term structural damage. In this article, we will explore what decennial insurance is and why it is essential for foreign homebuyers in Spain.
New build home insurances
- What is decennial insurance for new houses? Decennial insurance is a legal protection that covers structural defects in a home for a period of ten years from the completion of construction. This insurance ensures that builders are responsible for repairing any serious damage or structural defects that may affect the habitability and safety of the home.
- What does decennial insurance cover? This Insurance covers damages that may arise due to structural defects that compromise the stability of the building, such as cracks in the walls, problems in the foundations, damage to the load-bearing structure, among others. It also covers damage that affects the habitability and safety of the home, such as problems in the waterproofing or in the electrical and plumbing installations.
- Who should take out decennial insurance in Spain? In Spain, the responsibility for taking out decennial insurance lies with the developer or builder of the property. However, it is important for buyers to verify that the property they are purchasing has this insurance, as this will guarantee its long-term protection.
- How is the decennial insurance activated? If structural defects are detected in the home, the buyer must contact the builder or developer to report the problem. The decennial insurance is activated to cover the costs of the necessary repairs. It is essential to properly document communications and request the necessary technical reports to support the claim.
- What to do in case of problems with the decennial insurance? If difficulties arise in activating the decennial insurance or resolving problems, it is advisable to seek specialist legal advice. A lawyer experienced in property law will be able to provide guidance and assistance to ensure that your rights as a buyer are protected and the necessary legal action is taken.
Decennial insurance for new properties in Spain
Decennial insurance for new homes in Spain is an essential element in ensuring peace of mind and security for foreign homebuyers. By protecting against potential long-term structural defects, this insurance provides the confidence needed to make a safe investment in a new property. When purchasing a home, it is essential to check that decennial insurance is in place and to know the procedures for activating it in case of need.
💡 Remember that having the legal advice of a lawyer specialising in real estate law is essential to ensure that your rights are protected in the process of buying a home in Spain.
For more information on decennial insurance and the legal aspects of buying a property in Spain, we recommend you visit the following links:
