If you have recently moved and want to protect your new home or you simply already have insurance, but have not had a good experience, you may be looking for the best home insurance companies. At Moné Seguros , as an insurance brokerage accustomed to working with numerous insurers , we put our experience at your disposal.
What is the best home insurance?
Do you want to know which is the best home insurance? Among our favorite companies with the best-rated home insurance are Reale , AXA , Catalana Occidente , Zurich and Mapfre .
In this post we tell you why they are the best home insurance, what we like about these policies and some interesting details about their coverage.
Reale
We begin our ranking of the best home insurance in Spain with what for us is one of the best quality-price insurers : Reale.
Reale offers different types of home insurance. You can take out the policy for your main home, for a rental house if you are a landlord or tenant, or for secondary homes (beach, mountain…).
Among its types of insurance, the specific ones for vacation or unoccupied homes stand out , which simply include the specific services that anyone usually needs in their second home.
One of Reale’s most notable guarantees is that it offers the “all accidental risk” option . Thus, for a moderate price, you can cover issues such as broken televisions with a very small deductible. You can also subscribe, for example, for the repair of household appliances, for a fairly affordable price. Right now, your insurance is quite modular, allowing you to add multiple additional coverages.
Furthermore, as an insurance brokerage based in Zaragoza, both we and our clients highly value its proximity, since it is committed to decentralized services. That is, it allows claims to be managed from the same place where they occurred, unlike other insurers who do so only from Madrid or Barcelona.
For all these reasons, Reale’s is one of the best-rated home insurance, also having a commitment to quality for management and repair deadlines, which they almost always meet.
However, right now they are not competitive in single-family homes.
AXA
In response to which are the best insurers, AXA is worth mentioning. What do we like most about AXA? Without a doubt, its flexibility when purchasing family home insurance.
At AXA you can choose both a very basic home insurance policy (an option that covers few guarantees, but is cheaper) and the most complete coverage , in the modality known as VIP. The latter includes, for example, aid in the fraudulent use of credit cards or breakage of solar panels for those homes that have a photovoltaic installation.
Its great advantage is that it does cover by default Civil Liability for damages with Personal Mobility Vehicles (PMV) , such as electric scooters, which are increasingly present on our streets. Furthermore, it is something that, for now, few insurers include, since they usually require independent insurance
Catalan West
Catalana Oeste also stands out in our insurance ranking. Under the motto of “The best for your home”, Catalana Occidente has launched its Home 3.0 product, which includes improved coverage. This is how it has become one of the best home insurance companies.
They give a wide discount margin , which makes their price very competitive.
The new policies highlight the protection of pets , included in the family-home multi-risk insurance and which can have their own insurance. In addition, your policy is well received for both apartments and single-family homes.
Home-Professional insurance is another example that Catalana Oeste has known how to adapt its policies to new times. It is aimed at self-employed people who work from home and covers incidents that affect their work activity (professional material, computer assistance, office equipment…), as well as those related to family and home. We could say that it is a “2 in 1” that is very interesting depending on the circumstances and that is why it is one of the best-rated home insurance policies.
Zurich
Also among the best home insurance in Spain, Zurich policies stand out. These are classified into 3 types of insurance depending on the level of coverage . Among them, we highlight the “Standard” as an intermediate option, but especially the “Total”, which includes all-risk coverage , highly demanded by clients who are concerned about obtaining the greatest possible protection. In the “Total”, in addition, multiple sub-limits are increased such as robbery outside the home, civil liability, aesthetic damage,…
In addition, its rate is very attractive and that is why it is one of the options that we highlight the most in terms of quality-price ratio. They also offer good prices for single-family homes.
Mapfre
Finally, among the best home insurance policies, Mapfre stands out. Although they are not the cheapest, their home assistance policies are among the most complete. Let’s say they are a safe bet.
Its main policies are divided into 3 groups:
- Basic , to which you can add features.
- Family Home, with home insurance that covers refrigerator breakdown and loss of refrigerated food , as well as travel assistance.
Platinum Home, with all accidental risk and extension of many sublimits.
Best home insurance according to the OCU
You already know our Top 5 best home insurance in Spain, but… What does the OCU say about it?
Out of 100 points, the latest survey published by the OCU values the main insurance companies in this way:
- Atlantis: 68 points.
- MAPFRE: 65 points.
- Santalucía: 62 points.
- Catalan West: 62 points.
- Allianz: 61 points.
- Plus Ultra: 61 points.
- Sunset: 60 points.
- AXA: 59 points.
The truth is that the OCU study of the best home insurance is quite popular. However, this is actually a very basic selection that barely analyzes the best policies . It does not take into account, for example, the typology of each one.
On the other hand, the representation of the study is very low and is made up only of people enrolled in the OCU. Furthermore, this latest survey corresponds to 2014 and, since then, almost a decade has passed. Many insurers have changed their policies or reinvented themselves, and new ones have emerged.
What should you take into account before choosing the best home insurance?
If you want to choose the best quality-price home insurance, you will have to consider several factors. These are the most important:
- Take a good look at all the coverage you really need. The more coverage an insurance offers you, the more it will attract you, but you may not actually need as many guarantees. Also, keep in mind that there are many things that home insurance covers that we don’t know about.
- Be wary of aggressive offers. Be wary of the aggressive campaigns of some insurers and avoid super-cheap prices, since they usually do without multiple important coverages. To offer you a product according to your needs, they will first have to know what your home is like.
- Distinguish the content and the container. Remember that the container is everything immovable that makes up the structure of your house, while the content is what is inside your home and you could take with you if you moved.
What coverage does the best home insurance include?
The best-rated home insurance policies are those that include coverage considered basic, which no insurer should omit. We talk about:
- Material damage and damage to the home , such as water damage caused by storms, damage caused by fire and also by vandalism or theft.
- Personal civil liability , coverage that protects you in case someone is injured or you inadvertently damage their belongings.
- Content , to secure your personal belongings and valuables in case of theft or damage suffered.
- Additional housing expenses , in case your home becomes uninhabitable for a time and you need temporary accommodation.
- Legal defense of home insurance.
What are the cheapest home insurance?
So how do you know which is the best cheap home insurance? Keep in mind that the premium for a good home insurance depends on countless factors . The price set by the insurer will be determined, among other points, by:
- The age of your home.
- The place where you are.
- The characteristics of the home, such as size, number of rooms, value of contents…
- The materials used in its construction .
It is important that, to choose the best home insurance, you carefully analyze the bonuses or possible surcharges that each insurer applies to the price according to all these factors.
The larger and older your house is, for example, the higher your policy premium will be. Although always remember that you should not skimp on expenses if you want your home to have an adequate level of protection.
Can we help you choose your home insurance?
In any case, to find the best home insurance, it is best to leave the advice in the hands of professionals in the world of insurance . Having a home insurance comparator like Moné Seguros, which combines technology and experience, is a sensible decision that can save you money and avoid unforeseen events. It is the only way to choose the home insurance that best suits your needs.