nsurance of your home is normally considered as being essential. A villa or an apartment in the Algarve is no different from that in your home country. In fact, if it is going to be occasionally vacant or used for holiday rentals then it is even more necessary.

here are some local factors that are to be considered when thinking of insurance.

• The building methods used in the Algarve are in several ways different from those normally implemented in northern Europe

• The Algarve is recognized to be located on a geographical fault line and building regulations relating to this factor are strongly applied by the authorities

• Terraces and swimming pools need to be included in any cover

• Interior possessions are not subject to the same level of risk as can be found in other countries but the possibility of crime must be a consideration

• The difference between summer and winter weather conditions creates a strong climatic "wear and tear" factor. Expansion and contraction will often create hairline surface cracks

• Individual items valued in excess of 5% of the total value, or from € 1.800,00 should always be listed separately in case of a claim

• Higher value items such as jewels, paintings, antiques, or personal effects, will require Certificates of Authenticity an a separate valuation. Contents in excess of € 100.000,00 will require proof of security measures

• There is a separate insurance cover for electrical items. This is recommended as the Algarve in some zones is sometimes subject to surges in the electrical power.

• If you are thinking of renting it is important to see that the Policy covers accidents incurred by a third party whilst in your property

• By Portuguese law all employees must be covered for Risk by a separate Policy names "Acidentes de Trabalho"

new property owner will find that there are Portuguese and Foreign Insurance Companies established in the Algarve. It is advisable to seek competitive quotations for consideration. Minor insurance claims are normally handled by the local office so it important to chose a company that appears to have the owners interest in mind.

or your guidance we have listed below some of the companies that may be of assistance in arranging insurance for a property.

Medal Lda.
Rua Dr Teófilo Braga, 3-A-1º
8500-919 Portimão
Algarve - info@medal.pt

Lloyd & White
Maritenda House
EN 125 Maritenda
8100-908 Loulé
Algarve - lloydandwhyte@ip.pt