The conflict with the neighbour resolves itself
When water leaks to the floor below, the dispute ceases to be between individuals and is resolved between insurers. This saves more cohabitations than any guarantee in the policy wording.
Individuals
Home insurance
It's not just about protecting your house, but about protecting everything it means to you.
Definition
What is home insurance
Home insurance covers the building —the construction of the dwelling— and the contents —what is inside—, in addition to family civil liability for damages caused to third parties, which is the most used and least known guarantee. Water damage accounts for the majority of claims in this branch, and its treatment in the policy wording is what differentiates a correct policy from a cheap one.
Advantages
Advantages of home insurance
Replace without touching savings
Refurnishing a home costs tens of thousands of euros. The compensation prevents decapitalising savings or resorting to consumer credit.
You comply with both the bank and the landlord
The mortgage requires insuring the building and many rental contracts require tenant liability. A single policy meets both requirements.
Ridiculous cost compared to what it protects
The annual premium for a well-sized home is a fraction of the cost of a single serious water claim. It is the best cost-protection ratio in the family budget.
Profile
Who it is for
Owners of main residence
Who must cover building and contents and be liable to neighbours for damages from their dwelling.
Tenants
They contract contents and liability; the building belongs to the owner.
Owners who rent out
They need building cover, loss of rent, and often rent default cover.
Second homes
Homes unoccupied for much of the year, with greater exposure to theft and undetected water damage.
Scope
Main covers of home insurance
- Building: structure, fixed installations, floors, tiling, and kitchen and bathroom elements
- Contents: furniture, appliances, clothing, electronics, and personal effects
- Water damage, including location and repair of the fault if contracted
- Fire, explosion, theft, burglary, and electrical damage
- Family liability, inside and outside the home, including pets
- Home assistance, DIY, and legal defence
The JORI method
How we work
Our specialists' experience turns every risk into knowledge, and that knowledge into a solution designed for you and your family.
Risk analysis
Every client faces a unique situation. We analyse each client's specific risks to detect vulnerabilities, assess security measures and propose improvements that strengthen the protection of their assets.
Programme design
All our programmes are designed to integrate every cover needed and to bring peace of mind to those who trust us.
Selection across the insurance market
We carefully select insurers and design exclusive insurance programmes, adapted to each client's particular circumstances, with a fully tailor-made approach.
Specialised claims management
Claims are the most vulnerable moment for a client. That is why it is so important to have specialists who provide support throughout the process.
Six generations and more than 130 years devoted to insurance.
Frequent doubts
Most frequently asked questions about home insurance
How do I calculate the building capital?
By reconstruction cost, not market price or cadastral value. The land does not burn: what needs to be insured is what it would cost to rebuild the home, which in practice is usually between €700 and €1,200 per square metre depending on the area and quality.
And the contents?
Imagine having to replace everything brand new. Between furniture, appliances, clothing, household items, and electronics, an average family home exceeds €40,000. This is the capital that is most systematically undervalued.
Does the insurance cover the repair of the burst pipe?
The damage caused by the water is always covered. The location of the fault and the repair of the pipe itself only if those guarantees have been contracted. They are cheap and avoid the most common conflict in this area, so we include them by default.
Who pays if my neighbour's flat gets flooded?
Your liability, as long as the origin is in your home and there is fault. If the origin is in a common element, the community's insurance responds. Determining the origin is the first thing that is done, and where it is advisable to have someone defending your position.
Do I need insurance if I am a tenant?
Yes, although different. The owner insures the building; you need contents cover for your belongings and, above all, liability cover, because you are responsible for any damage you cause to the property and to neighbours. Moreover, many rental contracts require it.
Does the Consorcio cover floods?
Extraordinary floods, earthquakes, and terrorism are compensated by the Consorcio de Compensación de Seguros, provided you have a policy in force and have paid the surcharge, which is included in the bill. Ordinary rain and leaks are covered by your insurer.
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