Specialists in motor insurance for Expats in Spain since 1999
Motor Insurance in Spain is very similar to Motor Insurance in the UK. The Law in Spain requires that all motorised vehicles have at least the minimum Third Party Liability coverage in effect at all times, whether the vehicle is being driven on the road or not.
It is no longer a legal requirement to carry original insurance documents in a Spanish registered vehicle. This law changed back in October of 2008 as the details of Motor Insurance Policies will appear on the National Database, FIVA.
Motor accidents are more frequent here in Spain and tend to be more serious too. As well as property damage to your vehicle there can also be injuries to the Driver or Occupants of your vehicle. There may also be damage to other people’s property or bodily injury to other persons for which you would be responsible if it is determined that the accident is your fault.
One of the main differences here in Spain when compared to Great Britain is the Convenio Agreement that exists here in Spain between Insurers. If you have an accident here in Spain with your Spanish registered car you will benefit from the Convenio Agreement. This is an important benefit that can save a lot of time when we have to make reclamation against another Insurer for damage that their Insured has caused to your Insured Vehicle.
Thanks to this Convenio Agreement claims for reclamations against other persons, other Insurers can be resolved within just 15 days.
It is for the above reason that it is very important to contract your Motor Insurance here in Spain with Right Way Insurance and not with other Expatriate Insurance providers who are using Insurers that are based outside of Spain, as they are not part of the Convenio Agreement.
We can also arrange coverage on British registered vehicles that are based here in Spain. Although, policies on British registered vehicles do not benefit from the Convenio Agreement, they still provide all the other benefits that come with the Policy Package including an Annual Green Card. Importantly, details of all our policies on British registered cars will appear on the Motor Insurance Bureau Database in the UK. As of June 2011 the law in the UK changed that also requires that vehicles have at least the minimum Third Party Liability cover at all times. The DVLA will then know that your British Registered Car is insured as details of the Policy will appear on the MIB Database, thus avoiding any possible fine.
So, why should you arrange your Insurances with Right Way Insurance? At Right Way Insurance we are Expatriates ourselves and we understand the requirements and expectations of the Expatriate Resident or Property Owner here in Spain. We know what you expect from your Insurance; we speak your language and will provide insurance documentation in your language. We will provide you with coverage that will meet your requirements and most importantly, we also act on your behalf in the event of any claim, arranging the Inspections, ensuring required documents are provided to your Insurer and of course, easing the process of finalising your claim with your Insurer so that you don’t have to.
We have over 20 years experience as Insurance Professionals both in the UK and also here in Spain. We specialize in providing you the best Motor Insurance Policy that is available for you, the Expatriate here in Spain. A Motor Insurance Policy that was specifically designed to fulfil the needs of the Expatriate here in Spain.
The Motor Insurance that we provide is arranged with Liberty Seguros as they provide what is without doubt the best Motor Insurance Policy available in Spain because of the additional benefits that are provided to you and included in the Policy automatically. There are additional benefits included in this Policy that are not provided by any other Insurer here in Spain. Even though this is the best Motor Insurance Policy available we are still able to provide this most complete package at a very competitive premium.
Some of the benefits can be summarized as follows:
• Courtesy Car Service is provided on ALL levels of cover – You can receive a hire car; Due to Fire & Theft: up to 45 days; Due to Motor Accident: up to 35 days and EVEN Due to a Breakdown: up to 35 days from the 7th day.
• 30% added to the Book Value of the Vehicle on settlement of a Write-off on Comprehensive, Total Loss, Fire & Theft Covers for vehicles over 4 years old
• Protection of the No Claims Discount
• European Roadside Assistance to the vehicle and the occupants of the vehicle in the event of Accident and Breakdown
• Legal Assistance for Reclamation of Damage to the vehicle caused by a Third Party
• Glass cover, without application of any Excess and does not affect the No Claims Discount
• No Excess deducted on a Total Loss, Fire or Theft
• Driving for persons 25 years of age and over with at least 2 years valid driving licence
• Personal Accident Cover to the Driver and Occupants of the vehicle
At Right Way Insurance we provide four different levels of Motor Insurance Package, all of which will include the Courtesy Car Service, Protection of the No Claims Discount, European Roadside Assistance, Driver and Occupants Cover, Legal Assistance and Glass cover :
Mandatory Liability Coverage
Mandatory for all motor vehicle owners, the insurer shall assume the derived indemnity for the driver and/or owner of the insured vehicle, up to the quantitative limits currently in force according to regulations, for traffic incidents in which the vehicle is involved
Voluntary Liability Coverage
The insurer covers the derived indemnity for the driver and/or owner of the vehicle for traffic incidents in which the vehicle is involved and for which persons may be injured and/or property damaged. This cover will guarantee the indemnities, up to the limit in the schedule, that exceed the limit set out for the mandatory public liability insurance cover
Automatically includes the cover outlined above in the Third Party cover, plus:-
Fire
Damage to the insured vehicle due to fire, lightning or explosion whether the vehicle is in transit, at rest or in the process of being transported. The insurer will indemnify damages caused by the direct action of fire when the fire is accidental in origin or originates due to the ill will of others or negligence on one’s own part or that of those who are liable. Includes damages caused by necessary measures taken by the authorities, the policyholder, the insured or the driver to prevent, block or extinguish the fire, including any expenses incurred by applying these measures.
Theft
Loss of or Damage to the insured vehicle and its components due to its unlawful removal or any attempt thereof, by third parties.
Indemnity will be calculated based on the vehicle’s value as new immediately prior to the occurrence of the incident, in accordance with the following scale:
– 100% of the value as new if the vehicle is less than 2 years old.
– 80% of the value as new if the vehicle is over 2 years old but less than 3 years old.
– 70% of the value as new if the vehicle is over 3 years old but less than 4 years old.
If the vehicle is over 4 years old, indemnity will be provided for its actual cash value plus 30%.
Improvement components and fixed components included in the vehicle when it leaves the factory, and all accessories indicated in the policy, will be indemnified as determined in the previous paragraphs.
Automatically includes the cover outlined above in the Third Party Fire & Theft cover, plus:-
Total Loss
The Total Loss of the insured vehicle as a result of an accident due to an external, sudden and immediate cause beyond the control of the driver, whether the vehicle is in transit or parked or in the process of being transported.
A vehicle is a Total Loss in a claim when the estimated amount for repairing the damaged vehicle exceeds 75% of the value as new if the vehicle is less than 4 years old, or exceeds 75% of the actual cash value if the vehicle is over 4 years old.
Indemnity will be calculated based on the vehicle’s value as new immediately prior to the occurrence of the incident, in accordance with the following scale:
– 100% of the value as new if the vehicle is less than 2 years old.
– 80% of the value as new if the vehicle is over 2 years old but less than 3 years old.
– 70% of the value as new if the vehicle is over 3 years old but less than 4 years old.
If the vehicle is over 4 years old, indemnity will be provided for its actual cash value plus 30%.
Improvement components and fixed components included in the vehicle when it leaves the factory, and all accessories indicated in the policy, will be indemnified as determined in the previous paragraphs.
Automatically includes the cover outlined above in Third Party Fire Theft & Total Loss cover, plus:-
Own Damage
Partial Damage of the insured vehicle as a result of an accident due to an external, sudden and immediate cause beyond the control of the driver, whether the vehicle is in transit or parked or in the process of being transported.
As a result, damages due to the following points are expressly included in the insurance cover:
– The overturning or fall of the vehicle, its collision with other vehicles or with any other moving or stationary object.
– The collapse of terrains, bridges or roadways.
– Malicious actions of third parties.
– Accidents caused by material flaws, defects in the construction or poor preservation.
– Damages or flaws caused to the insured vehicle’s interior upholstery, due to aiding accident victims, up to a maximum of 300 Euros.
– The breakage of windows, with the scope and the exclusions specified in Article 6.
– Damage caused by hail or wind which is not legally considered an extraordinary risk.
– As a result of an accident, luggage or personal items of passengers in the insured vehicle are also covered, up to a maximum of 500 Euros per incident.
Indemnity will be paid according to the repair cost of the replacement parts, as well as the labour required for the reparation