|
Page 11 of 11
Spanish title insurance
You can now take out insurance against the things that people most worry about when buying a property in Spain i.e.
- Fraud
- Land grab
- Border disputes
- Marital problems
- Bankruptcy of the Seller
- Compulsory purchase
- Demolition Order
- Unknown heirs
- Hidden legal defects
- Impossibility to access
- Defective size
- Unpaid taxes and fees
- And much more...
The insurance is designed so that if your problem cannot be resolved in 6 months, you will receive compensation for your financial losses incurred up to the purchase price agreed in the title deed, with a maximum indemnity of E360,000.
The title insurance is a one off payment of currently E293.93 (as at December 2009), and covers you for 20 years, meaning a monthly equivalent of just E1.22 .
Contact us to find out more...
|
