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For comparison, I pay 600€ per year for a 500K € 20 year old home, about 240 square meters (that's about 2580 square feet for my fellow Americans). This is Mad
by fasteo 3y ago
For comparison, I pay 600€ per year for a 500K € 20 year old home, about 240 square meters (that's about 2580 square feet for my fellow Americans).
This is Madrid, Spain. Small town outside the city.
- deleted 3y ago[deleted]
- toomuchtodo 3y agoI would like to hear more about your experience. Permission to get in touch?
- glimshe 3y agoI suppose you don't get a lot of hurricanes in Madrid, do you? My premium in the US for a 4000sq ft home in an area with mild hurricane risk (Cat 1-2 possible, but uncommon) is around $1400/year. Florida is a very high risk area, so it makes sense that premiums are high.
- fasteo 3y ago>>> I suppose you don't get a lot of hurricanes in Madrid, do you? It works different in Spain. No standard home insurance policy will cover any natural disaster. Instead, there is a higher state organization (Consorcio de Compensación de Seguros) that will cover damages from natural disasters, terrorism, riots, revolts, etc