Surety & Housing

Housing Bonds

HCC Europe offers Housing Bonds that guarantee the money put down as deposits on dwelling purchases. This product is complemented with a Generic Risk Control service.

It is a mandatory insurance, under Act 57/68, of July 27, 1968, the Building Act (or L.O.E.), of November 5, 1999, and concurrent legislations, that guarantees the insureds that appear on the individual certificates issued, the refund of the advance payments that they might have done to the promoters of the house.

The sum insured will include, apart from the advanced payments, the appropriate annual interest and will guarantee, as the maximum quantity, the amount for the insured capital laid down in each individual certificate.

There is a specific insurance for promoting projects developed as Housing Cooperatives whose characteristics can be found in Cooperative Insurance