We build trust. We insure the future.
We manage and resolve your decennial insurance and all your building insurance needs.
Close to you, from start to finish.
We work with developers, contractors and individuals to arrange decennial insurance and coordinate the whole case with the agility of people who know the sector.
How we workWe coordinate the insurability assessment, technical documentation and arrangement with insurers. You deal with just one person.
The mandatory guarantee that covers, for ten years, damage affecting the building's stability and structural integrity. We assess your development's insurability and coordinate technical control so the policy goes through.
Request an assessmentProtects the site against material damage throughout the entire build: from groundwork to handover. We tailor sums insured, terms and coverage to your actual project.
Request an assessmentLiability coverage for developers, contractors and professionals, tailored to the activity and requirements of each project and contract.
Request an assessmentGuarantees home buyers the refund of the amounts paid on account, plus interest, if the works do not start or are not completed on time. We prepare the feasibility study for the development and arrange the policy with the insurer.
Request an assessmentWe handle the entire process: gathering documentation, coordinating with technical control, negotiating with insurers, and follow-up through to policy issuance.
Talk to SeguróxWe operate across all of Spain. Coordination with technical control bodies and insurers lets us manage cases in any province with the same closeness.
We analyse your project and assess its insurability before moving a single paper.
We sync documentation with the technical control body (OCT).
We negotiate with insurers to secure the best coverage and terms.
We issue the policy and stay by your side for the life of the insurance.
Decennial damage insurance covers, for ten years, material damage to the building caused by defects affecting the foundations, load-bearing elements, beams, floor slabs, load-bearing walls or other structural elements that compromise the building's mechanical resistance and stability.
Yes. Spain's Building Regulation Act (Ley 38/1999, LOE) requires decennial damage insurance for residential buildings. The developer takes out the policy, and it is a requirement to register the new building in the Land Registry.
It covers damage affecting the structural stability and soundness of the building for a period of ten years from the completion (handover) of the works.
The developer or self-promoter of the building. At Seguróx we handle the policy for developers, construction companies and private individuals building their own home.
The OCT is an independent body that supervises the execution of the works and issues control reports. Insurers require its involvement to issue decennial insurance, as it assesses and helps reduce structural risk.
Contractor's All Risks protects the works against material damage during construction; decennial insurance covers structural damage during the ten years after completion. They are complementary covers.
The price depends on the material execution budget (PEM), the type of building, its location and the outcome of the technical control. At Seguróx we prepare a tailored, no-obligation study.
Spain's LOE exempts an individual self-promoter building a single-family home for their own use. However, if they sell it within ten years of the handover of the works, they must take out the insurance for the remaining period, unless the buyer expressly waives that obligation.
The policy is issued when the works are completed, at handover, but the process starts earlier: the insurer requires a Technical Control Body (OCT) to oversee the works from the design stage or the start of construction. That is why it is best to request a study before work begins.
In many cases yes, although it is harder: the OCT must be able to check what has already been built, such as the foundations and structure, which may require additional documentation or tests, and acceptance depends on the insurer. The earlier it is raised, the more options there are.
They may: the LOE also requires it for extension, alteration or renovation works on residential buildings that change their architectural configuration, for example when they affect the structure. Each case must be assessed; we can help you check whether your project requires it.
Until the building has been handed over, the insured is the developer, who is usually also the policyholder and the one who pays the premium. After handover, the insured are the buyers: the first and every subsequent one, because the cover passes with the home on each sale for the time remaining until ten years have elapsed since handover of the works. The contractor may also appear as policyholder on behalf of the developer. More in the guide.
Yes. In a development built in phases or block by block, partial entries into cover can be issued for completed homes, provided that their handover certificate and final completion certificate are available. As many partial entries into cover can be issued as there are final completion certificates, and each phase begins its ten years of cover on the date of its own handover certificate. More in the guide.
Yes. Even when the works do not require it, for example a self-promoter’s home for their own use, decennial insurance can be taken out voluntarily. It gives a future buyer an additional guarantee, as it ensures the repair of any structural damage that appears during the ten years following handover, and avoids problems if the home is sold before that period ends. More in the guide.
It is a single premium covering the ten years. If the insurance is taken out at the start of the works, it is paid in two instalments: a premium on account when the pre-policy is formalised, which is a percentage of the premium set by each insurer, and the rest when the entry-into-force endorsement is issued, after handover of the works. If it is taken out once the works are finished, a single payment is made. More in the guide.