Línea Directa Launches Anti-Squatting Coverage as the First Illegal Occupation Insurance in Spain

Línea Directa has launched anti-squatting coverage for 10 euros a year for home insurance customers. This new product covers up to 33,900 euros and offers legal assistance for the property recovery process and financial compensation to the insured. From Línea Directa they explain that this coverage represents the first illegal occupation insurance and that the objective is to give “peace of mind that we take care of everything”.

This coverage offers judicial, legal advice and the eviction of the house. In this sense, the claim made by Línea Directa covers up to 10,000 euros in legal and legal expenses, including those of the lawyer, the notaries, the rights and tariffs of the attorney, fees and expenses of the expert, costs and judicial fees. The coverage also contemplates the free choice of lawyer.

In addition, it also offers the authorization of the house like changing the lock. In addition, housing supplies such as gas, water, electricity… with an expense of up to 300 euros per month for up to 6 months. This coverage also offers accommodation to the owner until the house is vacated with a limit of up to 800 euros per month for up to 6 months. If the house is rented, the insurance offers up to 800 euros per month for the loss of rental income up to 6 months. If the occupation causes damage to third parties, the insurance covers 7,500 euros for civil liability.

The average recovery period for a home is between 6 and 9 months. This coverage protects the owner in cases, on the one hand, of burglary, that is, when his home, regardless of whether it is his first or second home, is occupied. For another, It also covers the usurpation of an uninhabited or empty property, for example, a house under construction or in the process of sale. However, if the home is rented, this insurance does not cover anything to the tenant, only to the owner who has home insurance and anti-squatting coverage with Línea Directa.

New customers who want to take out home insurance and current Línea Directa policyholders of this product may optionally add this new coverage to their home policy for ten euros a year. In this regard, the commercial director of the insurer, Diego Ferreiro, explained at a press conference that it is a “fixed” price for all of Spain, so it is not a launch promotion.

The director of People, Communication and Sustainability of Línea Directa, Mar Garre, has assured that it is an “innovative” product. «There is no product in Spain that covers what Línea Directa covers. It addresses situations that are not covered by any other policy,” she added.
On the other hand, Ferreiro has recognized that the new housing law, recently approved, could lengthen the recovery time since it requires additional procedures that did not exist until now, such as the accreditation of habitual residence or vulnerability. However, he has stated that it is still “early” to draw conclusions and there are procedures “that are not entirely clear” and depend on “regional decisions”.