fbpx
Homeowners Insurance in Colombia: A Guide to Colombian Homeowner Insurance - Medellin Guru
We provide a guide to homeowners insurance in Colombia. Homeowners insurance is important and can protect your home from fire, robbery and other damages.

Homeowners Insurance in Colombia: 2023 Homeowners Insurance Guide

We provide a guide to homeowners insurance in Colombia, updated for 2023. Homeowners insurance is important and can protect your home from fire, robbery and other damages. If you own an apartment or casa (home) in Colombia, we highly recommend obtaining homeowners insurance in Colombia.

With homeowners insurance, if at any time an event covered by insurance occurs, such as a fire, flooding, lightning strike, among others, the insurance company provides money to help replace what is affected.

You also have the option of obtaining additional coverage that supports you in case of robbery or theft with or without violence, damage to others and damage or loss of mobile content that may be outside your home, for example, laptops, tablets or cameras.

Apartment Rental Guide: Renting Unfurnished Apartments in Medellín - Medellin Guru

Apartment buildings near Santafé mall in El Poblado, Medellín

Homeowners Insurance in Colombia

Homeowners insurance services offered in Colombia by insurance companies have different options for what is covered.  The following table compares insurance coverage options from SURA:

Homeowners insurance options from SURA in Colombia

Homeowners insurance options from SURA in Colombia

You can see more details about this homeowners insurance on the SURA website (in Spanish). Also, it is possible to get insurance just for contents of a home, which is basically renters insurance.

How to Sign Up for Homeowners Insurance in Colombia

It is possible to sign up for homeowners insurance yourself. There are several larger insurance companies in Colombia offing this type of insurance include SURAAXA Colpatria, Seguros Bolivar and Seguros Falabella.

But signing up for  insurance is in Spanish and can be complicated. So, we recommend working with an insurance agent who is bilingual when signing up for homeowners insurance.

Using an Insurance Agent to Obtain Insurance in Colombia

Medellin Guru has partnered with an insurance agent to offer homeowners insurance and other insurance products to foreigners and Colombians.

Features of this Colombian insurance service include:

  • Bilingual – English and Spanish.
  • Online quotes.
  • Free consultations.
  • Offers health insurance, auto insurance, homeowners insurance and life insurance.

Use the Medellin Guru Insurance Service

Over 237 Medellin Guru readers have obtained insurance in Colombia through our insurance agent partnership including health insurance, EPS insurance, auto insurance, homeowners insurance, life insurance and travel insurance.

Medellin Guru Insurance service offers insurance services to all foreigners and Colombians who need assistance in their process of finding the best insurance protection while living in Colombia. With over ten years of experience, they design the plan that best fits your needs allowing you to enjoy your life abroad.

Our insurance partnership is an affiliate relationship (like the Amazon affiliate program). If you use our Colombian insurance partner, Medellin Guru receives a small commission and you support this website. This is at no additional cost to you. The price remains the same, whether you use a button or affiliate link on this website or not.

Cost Examples of Homeowners and Renters Insurance

The following are two examples of the cost of SURA homeowners insurance:

Homeowners insurance example:

  • Type of home – Apartment built after 2010 on 12th floor of 18 story apartment building
  • Coverage – 400,000,000 pesos for damage to home, 50,000,000 pesos for home contents
  • Annual premium – 1,597,723 pesos ($478 USD). Note checked the premium in two different estratos and the annual premium was the same for this coverage.

Renters insurance example (only contents):

  • Type of home – Apartment built after 2010 on 12th floor of 18 story apartment building
  • Coverage – 50,000,000 pesos for home contents
  • Annual premium – 425,648 pesos ($127 USD)

Medellin Guru’s Colombian Insurance and Healthcare Articles

The Medellin Guru website has several popular articles about Colombian insurance and healthcare services:

  1. Health Insurance in Colombia: How to Sign up with SURA Insurance
  2. Sign up for SURA EPS Insurance: A Service for Expats in Colombia
  3. Travel Insurance: Meets the Heath Insurance Requirement for Colombia Visas
  4. Auto Insurance in Colombia: A Guide to Colombian Auto Insurance
  5. Homeowners Insurance in Colombia: A Guide to Colombian Homeowner Insurance
  6. Medellin Guru Insurance Service: Providing Colombian Insurance
  7. Colombia has 24 of the Best Hospitals in Latin America
  8. Emergency Surgery: Expat Experience in Clínica León XIII in Medellín
  9. Healthcare Colombia: Offering Services to U.S. Veterans in Colombia

Also, we plan to publish additional articles about insurance and healthcare in Colombia over the next several months.

Medellin Guru’s Guide to Buying Apartments

Also, on the Medellin Guru website we have an up-to-date guide to buying and apartments found in several articles, including:

Apartment buildings in El Poblado, Medellín

Apartment buildings in El Poblado, Medellín

The Bottom Line: Homeowners Insurance in Colombia

If you buy an apartment or casa (home) in Colombia, this is one of the biggest purchases you will make.

Your home is likely one of the most valuable assets you have. So, it only makes sense to protect such a large investment with homeowners insurance.

Also, it is important to keep in mind that insurance coverages come with some limits, the maximum a policy will pay toward a covered claim. So, when selecting coverage limits, be sure to consider things like the potential cost of rebuilding your home or replacing your belongings.

The bottom line is that a homeowners insurance policy won’t prevent damage to your home or belongings. But insurance can help provide a financial safety net if the unexpected occurs.

Medellin Guru has partnered with insurance agent to offer Colombian insurance services to foreigners with a convenient office located in El Poblado in Medellín. This service is easy to use, just click on the button below to get started.

Use the Medellin Guru Insurance Service

Over 237 Medellin Guru readers have obtained insurance in Colombia through our insurance agent partnership including health insurance, EPS insurance, auto insurance, homeowners insurance, life insurance and travel insurance.

Sign up for the Free Medellin Guru Newsletter 

Editors note: updated on December 17, 2019 to add that renters insurance is also available and added two examples of the premium costs for homeowners and renters insurance.

Editors note: updated on February 12, 2021 with current information for 2021.

Editors note: updated on March 27, 2022 with updated client number information.

Editors note: updated on July 17, 2023 with current information for 2023.

Medellin Real Estate 2023 Property Buyer's Guide for Foreigners

This blog offers comprehensive insights into purchasing real estate in Medellín for foreigners, detailing the procedural steps and typical closing...

Read More
Continental Assist A vital ally to apply for a visa in Colombia

Applaying for a visa for Colombia requires reliable travel insurance, and Continental Assist is your key ally in this process....

Read More
Travel Insurance Meets the Health Insurance Requirement for Colombia Visas

Colombia requires health insurance when applying for visas, and we look at inexpensive travel insurance that meets the requirement, updated...

Read More
Medellin Guru-Visa Service Providing Colombia Visa Services

Explore Medellin Guru's Visa Services for seamless guidance on colombian visas. Our expert partner expatgroup.co offers comprehensive assistance for expats,...

Read More

Last Business-Directory

Real estate legal services for foreigners in Colombia: Transferring funds into Colombia, legal analysis and property background check, sales agreement,...

Read More

Health travel Insurance for expats in Colombia,AssitCard is multinational company dedicated to the provision of international assistance services with worldwide...

Read More
Logo Continental Assist

Continental Assist is an American firm specializing in providing international travel health insurance for expats in Colombia. With over 35...

Read More
expatgroup.co

expatgroup.co is a dedicated team of professionals, who provide quality visa services to meet the needs of the expatriate community.

Read More

9 thoughts on “Homeowners Insurance in Colombia: 2023 Homeowners Insurance Guide”

    1. I bought my homeowners policy at falabella insurance at homecenter. They sell renters and owners policies offering several different company’s policies. I bought Sura due to their reputation. I pay 52.000 pesos per month for my owners policy. Angela is great and speaks fluent english. I went to Falabella because I wanted to know all options and prices. Sura is my first choice. Good luck..

    2. What if you don’t own? And just want a policy to cover theft and disasters as is done in the states.

    3. What about insurance for an investment property that is tenented. Is it the same as homeowners insurance.

    4. If you live in an apartment check with your administrator whether home insurance is included in your monthly administration fee. You don’t want to be paying twice for the same thing.

    5. Bought mine at Homecenter in Laureles. Full coverage 54.000 pesos a month. Took 15 minutes. Simple. No agent but I do speak Spanish. Sura Insurance policy. Others available for less money but for the price SURA is worth the extra few pesos.

    6. The costs… the costs… When do they learn that no offer is interesting when they leave out the price…..

      • The cost varies depending on the property and the amount of coverage just like in the U.S. or other countries. Will research and add some example costs later this week.

    Add a Comment

    Your email address will not be published.

    11 − 4 =

    Join the networking group in Colombia on Facebook and Whatsapp Channel