Do you suspect that they may occupy your home?
This is what squatting insurance can do for you, a very useful product for many reasons, especially to reduce costs if that complicated and unpleasant situation occurs.
To see more, continue reading, and we will tell you in a clear and detailed way.
What is anti-squat insurance?
Anti-occupancy insurance is an independent product or an additional guarantee -incorporated in some home insurances- that allows having wide legal coverage in case the consequences of occupation are suffered, as well as to face repairs with more resources and financial support. Or the costs that could occur for material damage.
How does anti-squat insurance protect me?
policyholder requirements
Basically, the only requirement that the policyholder must meet is to have a home that they want to protect; generally, the most common is in the case of second homes.
If the user is concerned about how to prevent illegal oks from entering, or at least how to solve this possible scenario, it is advisable to decide to take out specific anti-occupancy insurance or to subscribe to complimentary coverage that serves to provide this protection within their home insurance or even your life insurance.
Usual coverage
As we pointed out before, there are two groups of essential guarantees.
The first of them is in charge of offering legal assistance in the event that squats sneak in at home, including the work of advice, defense, and claim both in friendly contexts and in judicial processes, and being able to take care of other concepts and services such as legal expenses, expert opinion, court fees, criminal bail, procedural costs and the work of attorneys.
The other large group of coverage is intended to cover possible casualty to the home caused by vandalism or malicious acts, as well as to provide assistance for the resolution of claims and even a private security service.
What does anti-occupancy insurance not cover?
The insurance could only take care of legal assistance, which is not little, although in that case, it would not be responsible for possible damage to the home-produced after a home occupation.
Or, even if it included this concept, it could not integrate the coverage of all acts of vandalism, for example, graffiti, graffiti, and inscriptions, both inside and outside the home. Both make up one of the most common exclusions in this type of insurance or coverage.
When should I take out anti-squatting insurance?
Habitual housing
It is much less common because there is much less risk in the case of frequent residences, but even so, that unpleasant situation could also occur.
It has happened to more than one of them after returning from a vacation period or even from a weekend getaway. The fact is that beyond the fact that it is important for you to know how to protect your house from squats, the insurance can give you the option of taking measures in the face of this possible scenario, even in the case of habitual residences.
Second house
Hiring anti-squat insurance, or specific coverage that offers protection for this type of situation, is much more likely in the case of second homes, which sometimes remain unprotected for too long, becoming candy for squatters.
Why is it so difficult to kick out squatters?
Among other things, there is no anti-squat security because justice is sometimes very slow in its resolutions, which prevents it from being resolved promptly in favor of the owner in the event that one of their homes has been occupied.
To date, it is really difficult to kick out some usurpers and regain possession of a property. And fortunately, things have changed in recent years, especially since in 2018, the Congress of Deputies approved a law aimed at correcting this situation, facilitating rapid eviction by guaranteeing a sentence in less than 20 days. Since the filing of a complaint has taken place.
The problem is that despite the fact that legal support has been extended to the owners, they also face high economic costs in terms of lawyers, solicitors, and legal procedures, as well as those destined to face the repair or the cost of possible damage, in your home.
This is the main reason why the insurance sector (or, at least, the most efficient and competitive companies) has become involved in the matter, wondering how to avoid ocular and offering various solutions that help solve, or at least minimize, this problem—more common problem than you think.
