Insurances

Having purchased your new property in Mallorca the first priority will be to protect your investment! The key here is to make sure any insurance cover is comprehensive, the policy 'small print' doesn't hold any nasty surprises, and the rates are competitive.

At Novi Property Mallorca we work with both banks and brokers, in Mallorca and the UK, to help bring you the most appropriate cover to meet your needs.

One option is the insurance service offered by our Strategic Currency Partners, HIFX, and underwritten at Norwich Union, who have policies designed specifically to meet the needs of holiday home owners and people living permanently overseas. All policy documentation is in English and all claims handled by overseas property specialists in the UK. And the benefits?:

  • Regulated by The Financial Services Authority
  • Discounts of up to 40% depending on individual circumstances
  • Policies underwritten at Norwich Union
  • All policy documentation in English and all claims handled by overseas property specialists in the UK
  • Flexible cover to match your needs
  • Contents replaced on a new for old basis
  • Standard building policy includes 2,000,000 GBP public liability cover. this covers you against any third party claims made against you personally, such as a visitor or tenant injuring themselves whilst on the property. As well as protecting you or your family financially it will also provide cover for any legal costs incurred.
  • Contents insurance covers the loss of items including furniture, electrical equipment (televisions & Hi-Fi's etc) and personal belongings (excludes fixtures and fittings)
  • Subsidence cover
  • Emergency Helpline (available 24 hours a day, 365 days a year)
  • Emergency Travel
  • Cover includes outbuildings and swimming pools
  • Cover for loss of rental income and alternative accommodation available.

This is just one example, and similar products are available directly in Mallorca. Novi Property Mallorca would be happy to discuss you requirements and assist you to obtain suitable cover.