# Home Insurance in Spain (2026): Renters, Owners and Real Entry Prices

> Home insurance in Spain in October 2026: not compulsory except through a lease or mortgage, Tuio from EUR 5 a month for renters or owners, MAPFRE from EUR 120 a year, and the under-insurance and cancellation rules.

Updated: October 2026 · By Jules · URL: https://www.how-to-spain.com/insurance/household-insurance

No law makes tenants or owners in Spain insure their home; a **lease** or a **mortgage** can require it, and the bank must accept an equivalent policy from any insurer. Published entry prices: **Tuio** from **EUR 5 a month** for renters or owners, and **MAPFRE** from **EUR 120 a year**, as of October 2026. Insure the real value: if you under-declare, the insurer pays only in proportion (LCS art. 30). To stop a renewal, give written notice at least one month before it ends.

## What Does Home Insurance Cost in Spain?

Only a few providers publish an entry price; most give quotes only. These are the providers' own from-prices; your price depends on the home and the cover.

Entry prices on the providers' own pages, accessed 2026-10-25.
| Product | For | From | Insurer |
| --- | --- | --- | --- |
| [Tuio Hogar Inquilinos](https://tuio.com/seguro-hogar) | Home: renters | EUR 5 a month | Allianz Direct |
| [Tuio Hogar Propietarios](https://tuio.com/seguro-hogar) | Home: owners | EUR 5 a month | Allianz Direct |
| [MAPFRE Hogar](https://www.mapfre.es/particulares/seguros-de-hogar/) | Home | EUR 120 a year | MAPFRE |
Tuio is a broker and underwriting agency (DGSFP J4039 and AS0129); its home cover is underwritten by Allianz Direct, as stated on its site.

## Which Rules Matter When You Claim or Cancel?

Ley 50/1980 de Contrato de Seguro, October 2026.
| Topic | Rule | Legal basis |
| --- | --- | --- |
| Under-insurance (regla proporcional) | If the sum insured is below the real value when a claim happens, the insurer pays the loss in the same proportion. The parties can agree to exclude this rule in the policy. | [Ley 50/1980 (LCS), art. 30](https://www.boe.es/buscar/act.php?id=BOE-A-1980-22501) |
| Cancelling at renewal | Policies renew for up to a year at a time. You can stop the renewal by written notice at least one month before the period ends; the insurer needs two months, and must tell you of any change to the contract at least two months before the period ends. | [Ley 50/1980 (LCS), art. 22](https://www.boe.es/buscar/act.php?id=BOE-A-1980-22501) |
According to the research, extraordinary risks such as major floods (DANA), storms and earthquakes are paid by the state Consorcio de Compensacion de Seguros, not your insurer, and only if a qualifying damage policy is in force; you claim to the Consorcio.

## Can a Bank Make You Buy Its Home Insurance?

Ley 5/2019 (LCCI), October 2026.
| Topic | Rule | Legal basis |
| --- | --- | --- |
| Insurance with a mortgage | The lender may require a policy guaranteeing the loan and damage insurance on the mortgaged home, but must accept an equivalent policy from any insurer, at signing and at every renewal. It may not charge for reviewing your policy, and accepting it may not worsen any loan condition. | [Ley 5/2019 (LCCI), art. 17.3](https://www.boe.es/buscar/act.php?id=BOE-A-2019-3814) |

## Which Policy Fits Your Situation?

Worked scenarios, October 2026.
| # | Situation | Best answer | Runner-up | Why | Ruled out |
| --- | --- | --- | --- | --- | --- |
| 4B-1 | Newcomer renting a flat in Madrid who wants contents and liability cover | Tuio Hogar Inquilinos (from EUR 5 a month) | MAPFRE Hogar (from EUR 120 a year) | Monthly payment, no minimum term, pet liability included, English interface | Insurers that only quote annual policies |
| 4B-2 | Family buying a home with a mortgage | MAPFRE Hogar | Allianz Hogar (quote only) | Repair network and office channel for large claims; the bank must accept an equivalent outside policy (LCCI art. 17.3) | Buying the bank's policy just because it is offered |
| 4B-14 | Digital nomad renting for 3 to 6 months | Tuio monthly cover (renters, plus pets if needed) | Cleverea (price not confirmed) | Monthly billing that you can cancel | Annual-only policies |

## Change log

Updated 25 October 2026

- 2026-10-25 Published: home insurance in Spain for renters and owners, under-insurance, cancellation and published entry prices

## What Should You Read Next?

[### Rental Documents in Spain What landlords ask for.](/living/rental-documents)[### Mortgages in Spain Including the insurance rule.](/finance/mortgages)[### Liability Insurance in Spain Family liability cover.](/insurance/liability-insurance)[### Dog Liability Insurance in Spain When your dog must be insured.](/insurance/dog-liability-insurance)

## Frequently Asked Questions

### Do I need home insurance as a tenant in Spain?

The law does not require it, but your lease may. A renters policy covers your contents and your liability to the landlord and neighbours; Tuio's starts at EUR 5 a month on its own site (October 2026).

### Does home insurance cover DANA-type floods?

According to the research, extraordinary floods are paid by the Consorcio de Compensacion de Seguros, not your insurer, and only if a damage policy is in force when it happens, so keep the policy active.

### How do I cancel home insurance in Spain before it renews?

Send written notice at least one month before the current period ends (LCS art. 22). The insurer must tell you of any change to the contract at least two months before the period ends.

### What is the proportional rule in Spanish home insurance?

If the sum insured is below the real value when you claim, the insurer pays only the same proportion of the loss (LCS art. 30), unless the policy excludes the rule.

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Source: https://www.how-to-spain.com/insurance/household-insurance
Last updated: Updated: October 2026
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