Home Insurance

Cover and guarantees of the Home Insurance are insured by Zurich Insurance PLC, Sucursal en España.

Insurance marketed by Open Bank, S.A., Linked Bancassurance Operator, with Tax ID Number (NIF) A-28021079, through its distribution network. Open Bank, S.A., Linked Bancassurance Operator is registered in the D.G.S.F.P. [Directorate General for Insurance and Pension Funds] Registry, with nº OV-0081 and has valid agency contracts with Zurich Insurance Plc, Sucursal en España; and Zurich Vida, Compañía de Seguros y Reaseguros, S.A. Civil liability and financial capacity covered pursuant to the applicable law.

This insurance policy covers any risks that could affect your home, such as: electrical short circuits, burst pipes, various types of faults or breakages, domestic accidents, storm damage, burglaries, and so on. It also covers third-party liability arising from property damage and personal injury at home, such as falling objects from windows or balconies, flooding on lower floors, etc.

Your home and its contents will be insured. You and the family members who live in the house will also be protected, inside and outside the house.

Simply go to the Openbank website, click on “Insurance”, then select “Home Insurance”, follow the steps, enter the details of the property and we will show the best offers for your insurance. If you prefer, you can call us at +34 91 276 21 57.

You can choose the date on which your insurance comes into effect.

Ideally, the building and/or the contents should be insured for a sum that is similar to the value of the building and the contents when new. It also allows the insured sums to increase if you buy new expensive objects or if you carry out home improvements.

Underinsurance occurs when the property is insured for lower than its actual value. In the event of loss, the Insurer, in accordance with the Condition of Average, will adjust the amount of compensation in proportion to the difference between the sum insured and the actual value of the property. Example: if the property was insured for €100,000 when it should have been insured for €200,000, the ratio between both is 50%; therefore, in the event of a loss with damages valued at €1,000, you will receive the corresponding proportion (50% less), i.e., €500

Overinsurance occurs when the property is insured for higher than its actual value. In the event of loss, you will only be entitled to compensation for value of the property and not the sum insured in the policy. For example, if it was insured for €1,000 when the actual value was €500, the maximum amount you will receive as compensation is €500, and not the sum insured stated in the policy.

The main causes of home insurance claims are broken windows, electrical or plumbing problems, small fires and burglaries.

Call the insurance company's helpline on 932 60 97 63. The insurance company will immediately deal with any of your incidents or claims, 24 hours a day, 365 days a year.

You will be asked for the name, policy number, date, time and place where the loss happened, description of the causes, as well as a contact telephone number.

If a third party is involved—whether as the aggrieved party or the responsible party—you will also have to give the details of their insurance company, policy number, address, town and telephone number.