Project Description
Seguro Decenal
Seguro Decenal
an Insurance required by the Spanish law
Since May 2000, the Seguro Decenal has been required by law for all new buildings in Majorca and the rest of Spain and must be completed before the beginning of the cementing works.
A later acceptance by the local building authority is usually only on presentation of this insurance.
This is a 10-year liability insurance against structural damage that manifests itself in this phase.
The Seguro Decenal became legally obligatory in Mai 2000 and is a 10-year warranty intended to protect later owners of a construction.
Those involved in the construction process are liable towards the owner of the construction for faults and defects. As many smaller companies have weak capital bases this insurance was made obligatory.
A construction is therefore not legalized by the authorities unless the Seguro Decenal was contracted prior to the construction start. Constructions to be lived in by the promoters themselves are exempt.
- Architects, construction companies, technicians and anybody involved in the construction process.
- After completion of the construction process any seller of the construction.
- The injured party may demand the removal of faults as well as financial compensation.
- The building owner may demand compensation for consequential damages such as alternative accomodation.
- Constructors may not be liable in the event of force majeure or if the faults result from wrongful behaviour by the building owner or a third party.
- Do faults manifest themselves during the construction process the building owner may demand immediate correction.
The Seguro Decenal addresses only significant defects which affect the safety of the construction. Minor issues continue to be dealt with by the building owner and those he deems to be responsible.
- A technical and geological survey by independent experts – DO´OCT plus the „informe geotecnico“.
- Copy of the contract between the principal (promotor) and the independent experts (DO´OCT).
- Copies of the complete construction plans (Projecto de Ejecucion) incl. all specification (Memoria de Obra).
The OC´OCT – experts will supervise the entire construction process.
There will be just a single premium of about 6 per mille of the construction volume plus insurance taxes. A third of the premium is due upon the start of the construction process and the remainder upon completion.
- Costs for removal of defects
- Repair at acceptance
, more than just standard
At Iberia insurance brokers customers receive an Iberia Service+. But what does that mean? It’s very simple, our customers are worth a lot to us, and so we want to offer our customers more service through the standard insurance service. Service for which no one of our customers has to pay extra or has to conclude an extra contract – just our service for you.
, more than just standard- Selection of insurance from more than 10 different insurance companies
- 24/7 hotline – free – Spain wide
- personal consultation for the customer on spot
- Cost-benefit analysis of the pension schemes with optimization suggestions
- Advice in your language