Liberty Quality Home - house and contents insurance
Article A. BASIC COVER: MATERIAL DAMAGE OR LOSSES SUSTAINED BY THE BUILDING AND / OR CONTENTS
Pursuant to the cover conditions of the policy and the limit on the insured sum stipulated in the schedule, material damage and / or direct material losses sustained by the building or contents due to the following causes are guaranteed:
A.13 Liability
The following definitions are provided for the purposes of this cover:
Benefits from the insurer
Pursuant to the conditions of cover in the policy and limited to the sum insured stipulated in the schedule thereof, the insurer shall bear the following costs:
- Payment to the injured parties or their entitled dependents of the indemnities arising from the public liability of the insured
- Payment of the legal bail bonds required of the insured to guarantee his / her liability
- Payment of legal costs and expenses
- Payment of the fees of the professionals entrusted with the legal defence of the insured against the claim of the injured party
- Any extra-judicial costs inherent to the claim that may be incurred by the insured, providing the aforementioned costs were incurred with the consent of the insurer.
Should claims for liability exceed the sum insured stipulated in the policy, the insurer shall only be bound to bear the payment of the legal costs and expenses in proportion to the total cost of the claim and the sum insured, even when various proceedings have been opened as a result of a single claim.
Territorial scope of the cover and jurisdiction
This cover is extended and limited to liability for claims that may be lodged with and recognised by the Spanish Courts and that are derived from damage occurring anywhere in the world, except for the United States of America, Canada and Mexico.
Regardles of the place where the claim occurs, indemnity shall be paid through the deposit in Euros in a Spanish bank or savings bank of the amount that the insured is required to pay according to the legislation in force in the respective country. For the conversion, the currency conversion chart for the day on which the deposit is made shall be used, according to the buying rate.
When the primary residence of the insured is located abroad, the cover shall be limited to claims made according to Spanish legislation and derived from damage sustained in Spain
Temporary scope of the cover
This policy covers liability derived from damage sustained during the valid term thereof, for which claims are placed during the valid term or within a period of twelve months after this policy has been terminated or cancelled.
The sum insured is set at euros 300,500, except for water damage for which a maximum limit of euros 150,000 per claim is established. Different sums insured may be agreed in the schedule.
A.13.1. If the building is insured
A.13.2. If the contents are insured