Areas of Activity
Extraordinary Risk Insurance
Consorcio compensates the damages produced by some natural and human-made hazards on insured properties and individuals in the Spanish market.
Consorcio compensates the damages produced by some natural and human-made hazards on insured properties and individuals in the Spanish market.
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Does Consorcio apply any deductibles?
In insurance against damage to property, a deductible of 7 % of the loss is charged to the insured party. There is no deductible applied in the case of personal injury and also there is also no deductible for motor cars and residential properties. Regarding the cover for loss of profits or business interruption, the applicable deductible is the same in time or amount as the one foreseen in the ordinary original policy.