What happens if I don't have home insurance?

Home insurance is an essential tool to protect your home and your belongings against unforeseen events. what real risks are there when you don't have home insurance? 
 

However, some people still don't consider it a priority. We explain the reasons for having home insurance.

• Risk of total or partial loss of your home: Without insurance, you are completely exposed to events such as fires, floods, theft, or weather events (storms, hail, etc.). Repairing damage or rebuilding your home can be an unaffordable cost.

• Civil liability towards third parties: If you accidentally cause harm to others (for example, due to a water leak affecting a neighbour), you might need to pay significant compensation. Without insurance, these expenses are entirely your responsibility.

• Loss of value of personal property: Appliances, technology, clothing, furniture, or jewellery are at risk if you don't have insurance that covers theft, fire, or accidental damage.

• Difficulties when applying for a loan or mortgage: Most financial institutions require home insurance to grant a mortgage. If you don't have it, your financing capacity could be limited.

• Not having a network of assistance services in the event of emergency: Plumbers, electricians, locksmiths... Home insurance gives you quick access to these services when you need them most, something you won't have if you choose not to purchase insurance.
   

Is it mandatory to have home insurance?

In Spain, it is not mandatory to take out home insurance if you are a homeowner and have purchased your home without financing. However, it is mandatory if you have a mortgage. In this case, you must have at least buildings cover (the structure of the house). But beyond the legal obligation, having good insurance protects your family finances against costly unforeseen events.

Even if you already have insurance, it's important to review what cover it includes: not all policies comprehensively protect both the building and the contents or civil liability.
 

DKV Hogar: the peace of mind of being protected

Home insurance isn't just protection for your home, it's a way to ensure peace of mind for you and your family. With DKV home insurance, you protect yourself against multiple risks: theft, fire, damage caused by water or natural disasters, civil liability, bodily injury, home assistance, and much more.

Plus, you can tailor the cover to your needs, insuring both the building and contents, with options that go beyond the basics. Whether for your primary residence or second home, at DKV Hogar you will find a complete and flexible solution.

Don't put your home or your finances at risk. Discover everything that DKV Hogar can do for you.