Car insurance in Spain
Insurance Companies and Brokers in Spain
||Elite Insurance Brokers
Was established 5 years ago in their present office in Fuengirola. Our
bilingual staff will explain everything you need to know concerning your
insurance, with the certainty that you will comprehend your policy
||BMI (Banner Murdoch Insurance Brokers S.L.)
Provides brokerage services for contracting all kinds of insurance and
financial products. BMI is located on the Costa del Sol, Malaga. Offices
in Marbella and Fuengirola.
Insurance in Spain relating
to automobiles can be divided into 2 categories:
- Third party liability insurance (seguro
de terceros o de responsabilidad civil obligatoria)
- Full comprehensive insurance coverage (Seguro
a todo riesgo)
Third party liability insurance
The third party liability insurance (seguro de terceros o de responsabilidad
civil obligatoria) is mandatory in Spain. It is the minimum insurance
required by Spanish law to drive a vehicle in Spain.
It covers the risk for causing personal
injury and damage on third party's property (driver and passengers in another
car with which it collided, passengers on the car who are not members of
the insured family, pedestrians…).
The maximum indemnity this type of insurance covers is:
In case of personal injury, the responsible for the accident will not be obliged
to pay indemnity when proving that the injuries resulted from the injured party
negligent operation or from force majeure.
- In case of personal injury: € 336,566.78 per victim
- In case of property damage: € 96,161.94 per victim
This type of insurance does not cover:
- Personal injury of the insurance
taker, the driver or the owner of the insured car.
- The damage caused to the insured vehicle,
the things it kept in it, personal property of the insurance taker, the
driver, the owner of the insured car and the spouse and relatives.
This type of insurance will not cover the damages caused
in any of the following cases:
- If the driver were under the influence of drugs or
- Where the vehicle is driven by a person
that the owner did not authorize
- Where the driver does not have driving license
However, in any of these cases, the insurance company shall pay the corresponding
indemnity to the injured party, which may be protested against the insurance
Extra cover can be added to the insurance policy, driver
and passenger insurance (seguro de ocupantes) is strongly recommended
as the third party liability insurance does not cover the driver or his family
and they must be insured separately.
Full comprehensive insurance coverage
The Full comprehensive insurance coverage (Seguro a todo riesgo) covers the injuries
and damages non-covered in the third party liability insurance:
- The injuries to the insurance taker, the car owner, driver and the spouse,
ascendants, descendants, relatives and the car passengers.
- Damages to the vehicle irrespective of how it is caused. This insurance
also includes coverage against fire and breakage of glass.
- Damages of the car contents.
- Theft of the vehicle….
If the insured fails to pay the policy, he or she will have 5 months to
pay it, when paid within this period of time, coverage will be recovered in 24
If you wish to contract an automobile insurance in Spain, it is advisable
to bring proof of no claims from your previous insurance
company, as this will help reduce your insurance premiums. If you have moved
from another European country perhaps your old insurance company also operates
in Spain, this might help you to get a better rate as they can check your
claims history faster.
These are only general guidelines and not definitive statements of the law,
all questions about the law's applications to individual cases shall be directed
to a Spanish Lawyer.
Article by iAbogado Servicios Jurídicos SL (Madrid, Spain). Visit www.iAbogado.com for
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