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What you need to know about homeowners insurance

Even though most people will rarely, if ever, need to fall back on insurance, homeowners insurance can provide an added sense of security. And if needed, it protects against damages. Several questions arise in this regard: What exactly does homeowners insurance cover? What do you need to pay attention to when choosing such insurance and which mistakes should be avoided? When and for whom does it make sense to take out such insurance?

Costa Adeje - What you need to know about homeowners insurance

What does homeowners insurance cover?

Even though every insurance and insurance company is unique, most insurances offer comparable coverage. Various extended benefits are available against an additional fee. Homeowners insurance generally covers damage from fire, hail, storm, lightning, burst pipes and explosions.

If you live in a region that could be affected by exceptional occurrences such as earthquakes, floods or similar scenarios, you should take out natural hazard insurance.

As a rule, homeowners insurance covers most damages that could occur to your property. Often, there is no coverage limit. If it comes to the worst, the entire building is replaced. This type of insurance can be taken out both by homeowners and by tenants. In most cases, the insurance also protects the people in the house that suffer damages – except the homeowner himself.

What do you need to pay attention to and which mistakes should be avoided?

When taking out homeowners insurance, take note of exactly which buildings are insured. Are outbuildings such as the garage covered by the insurance? Also make sure that the insurance covers the cost of reconstruction. This ensures that the property is rebuilt to the same standard, regardless of any rise in construction costs. What about cables and pipes located outside of the house? What is also very important is that it covers damages resulting from break-ins by unauthorised persons.

It is recommended to use a comparison calculator when taking out homeowners insurance. This kind of calculator takes into account the latest tariffs of the various insurance companies and shows you the best rates. Apart from homeowners insurance, you should also consider taking out household insurance. This is especially worthwhile for tenants, as it insures all household articles, possessions and sometimes even cash belongings.

For whom is insurance cover worthwhile?

Pure homeowners insurance is generally most worthwhile for the homeowner himself. Household insurance, on the other hand, can also be beneficial for tenants. Some landlords demand that the tenant take out such coverage as part of his contractual lease obligations. It goes without saying that the higher the value of the property, the higher the damage that could occur. The insurance premium is calculated on the basis of the size, location and value of the property. An insurance cover is worthwhile in most cases.

More interesting articles on the topic of real estate can be found on our Real Estate Know-How Blog.

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Engel & Völkers Tenerife
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We inform you that the personal data obtained through this form and your email address, have been incorporated into a file which Casa con Ambiente Hecht S.L.U. and/or EV Immobilienmanagement Teneriffa S.L. is responsible in order to answer your queries and send information related to the entity that might be of interest.

Casa con Ambiente Hecht S.L.U. and/or EV Immobilienmanagement Teneriffa S.L. agrees to use the data collected through this form only for the purpose mentioned above.

The concerned responsible person confirms knowledge of the destination and use of personal data collected through the reading of this clause.

The sending of this e-mail constitutes acceptance of the terms above. If you wish to exercise your rights of access, rectification, cancellation and opposition in the terms established in the Organic Law 15/1999, you may do so by writing to one of these following addresses: adeje@engelvoelkers.com and/or puertodelacruz@engelvoelkers.com, or rather to Engel & Völkers Costa Adeje, Avda. Bruselas s/n, Residencial „Terrazas del Duque“, Local 11, 38670 Costa Adeje and/or Engel & Völkers Puerto de la Cruz, Avda. Marqués Villanueva del Prado 1, Edf. Casablanca, Local 8-9, 38400 Puerto de la Cruz.


Engel & Völkers Costa Adeje 


Casa con Ambiente Hecht S.L.U.   

Titular de Licencia de Engel & Völkers Residencial GmbH   
Avda. Bruselas s/n   
Residencial "Terrazas del Duque", Local 11   
E-38670 Costa Adeje   
Tenerife - Islas Canarias

adeje@engelvoelkers.com     

CIF: B-38935680   

Managing Partner: Regine Hecht



Engel & Völkers Puerto de la Cruz 


EV Immobilienmanagement Teneriffa S.L.   

Titular de Licencia de Engel & Völkers Residencial GmbH   
Avda. Villanueva Marqués del Prado 1   
Edificio Casablanca, Locales 8-9  
E-38400 Puerto de la Cruz   
Tenerife - Islas Canarias

puertodelacruz@engelvoelkers.com     

CIF: B-76740877   

Managing Partners: Oliver Brüderle, Thomas Siepke & Wolfgang Pogutter


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Please enter the property information.

We inform you that the personal data obtained through this form and your email address, have been incorporated into a file which Casa con Ambiente Hecht S.L.U. and/or EV Immobilienmanagement Teneriffa S.L. is responsible in order to answer your queries and send information related to the entity that might be of interest.

Casa con Ambiente Hecht S.L.U. and/or EV Immobilienmanagement Teneriffa S.L. agrees to use the data collected through this form only for the purpose mentioned above.

The concerned responsible person confirms knowledge of the destination and use of personal data collected through the reading of this clause.

The sending of this e-mail constitutes acceptance of the terms above. If you wish to exercise your rights of access, rectification, cancellation and opposition in the terms established in the Organic Law 15/1999, you may do so by writing to one of these following addresses: adeje@engelvoelkers.com and/or puertodelacruz@engelvoelkers.com, or rather to Engel & Völkers Costa Adeje, Avda. Bruselas s/n, Residencial „Terrazas del Duque“, Local 11, 38670 Costa Adeje and/or Engel & Völkers Puerto de la Cruz, Avda. Marqués Villanueva del Prado 1, Edf. Casablanca, Local 8-9, 38400 Puerto de la Cruz.


Engel & Völkers Costa Adeje 


Casa con Ambiente Hecht S.L.U.   

Titular de Licencia de Engel & Völkers Residencial GmbH   
Avda. Bruselas s/n   
Residencial "Terrazas del Duque", Local 11   
E-38670 Costa Adeje   
Tenerife - Islas Canarias

adeje@engelvoelkers.com     

CIF: B-38935680   

Managing Partner: Regine Hecht



Engel & Völkers Puerto de la Cruz 


EV Immobilienmanagement Teneriffa S.L.   

Titular de Licencia de Engel & Völkers Residencial GmbH   
Avda. Villanueva Marqués del Prado 1   
Edificio Casablanca, Locales 8-9  
E-38400 Puerto de la Cruz   
Tenerife - Islas Canarias

puertodelacruz@engelvoelkers.com     

CIF: B-76740877   

Managing Partners: Oliver Brüderle, Thomas Siepke & Wolfgang Pogutter


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