02/05/2023

Warning! The Consorcio de Compensación de Seguros (Spanish Insurance Compensation Consortium) only functions if you are insured

If you do NOT have insurance, forget about it. You will not have the right to receive compensation.

When you pay for your policy, a small amount goes into the Consorcio. You may wonder what that money is used for. The answer is simple: to pay for extraordinary risks such as the eruption of the La Palma volcano, the floods in Murcia, earthquakes, tidal waves, cyclones and even meteorites.

It can also cover the violent damage of terrorism, rebellion, sedition or any type of large scale riot.