The number of complaints for “squatting” of properties has continued to rise in recent years. This trend has heightened concerns among owners of homes that spend time empty, making anti-squatter home insurance a significant consideration. Let’s explore what this policy entails and what coverage it offers.
Those who engage in this illegal practice do not discriminate between wealthy and humble neighborhoods. Virtually any home can be at risk of squatting. However, certain circumstances increase the likelihood of this occurring: inbcluding second homes and vacation periods.
Although it is rare, even the occupation of a primary residence can happen during a short weekend getaway or vacation. On the other hand, second homes, often left unoccupied for extended periods, are at a higher risk despite being insurable.
Regardless of whether the danger is more significant in homes that are frequently empty, squatters can target any property. Home insurance can provide the necessary measures to handle this scenario effectively.
While some policies include coverage against illegal occupation, other insurers offer anti-squatter insurance as an additional guarantee. The primary aim of home insurance against squatters is to provide legal advice if the property falls into the hands of these criminals. This coverage ensures that a team of professionals will handle the necessary legal procedures to evict the squatters and restore your home to you.
Additionally, certain incidents can make a home more susceptible to squatting. For instance, if a weather event damages windows, it becomes easier for squatters to access the property. Some anti-squatter home insurance policies also include coverage for hiring private security services to protect the property until it is secure again.
Another common feature of anti-squatter home insurance is the repair of material damage caused by those illegally occupying the home. This means the property owner will not be held responsible for any damage caused by the squatters.
However, this coverage does not typically cover all damage. Acts of vandalism, such as graffiti on walls, are often excluded. If squatters steal the owner’s property, compensation will be provided only if the policy specifically covers the stolen items. Coverage for damages can vary: some policies cover damages in full, others only a percentage, and some none at all. Therefore, it is crucial to review your policy and understand what is insured.
While anti-squatter home insurance is an effective remedy for illegal occupation, prevention is key to reducing the risk. The best approach is to minimize the time the property is left empty. For instance, renting out a home that is not regularly used during your absence can be a practical solution.
Installing security measures such as blinds, bars on windows, alarms, and video surveillance systems can also deter potential squatters.
In summary, various options are available to protect a home that is frequently empty. A tailored security system combined with anti-squatter home insurance provides a solid guarantee for safeguarding your property. Given the trend towards personalized home policies, contact one of our advisors to discover the coverage that best suits your needs.
We offer a selection of Spanish insurers who can provide comprehensive home insurance policies, including coverage against squatters. Contact us to explore your options and secure the best protection for your home.
