Decenal insurance policy -10 year building guarantee in Spain
If you are the owner of a new property in Spain, now may be the time to check your home carefully for any structural defects. I say this because any newly built home in Spain should have a Decenal Insurance policy (10 year building guarantee in Spain). So, if you have a Decenal Insurance policy then this may be close to running out – if your home in Spain was built during the early years of the Spanish property boom. Needless to say, once your 10 year building guarantee in Spain expires you will be liable for any structural defects and remedying these can be extremely expensive. Indeed, if ever you need insurance then it is for remedial structural works! Almost by definition these can be complicated and the costs of rectifying a given problem can be far greater than those incurred during the original building process. Certainly, the last thing…