We provide a guide to homeowners insurance in Colombia. 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 buildings near Santafé mall in El Poblado, Medellín

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 Suguros Falabella.

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

Using an Insurance Broker to Obtain Insurance in Colombia

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

Medellin Guru partnered with Angela Berrio, who is a bilingual insurance broker who speaks English and Spanish. And she has many foreigner clients.

Features of this Colombian insurance service include:

  • Office in El Poblado in Medellín.
  • Bilingual – English and Spanish.
  • Online quotes.
  • Free consultations.
  • Offers health insurance, auto insurance, homeowners insurance and life insurance.

Use the Medellin Guru Insurance Service

Angela’s company 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.

Angela is an independent insurance broker but she prefers selling SURA insurance since they offer the best coverage. Also, she believes that SURA has the best private clinics in Colombia and is the most solvent insurance provider in the country.

Angela is based in Medellín but can sell insurance throughout Colombia and even to clients overseas working via the phone and email.

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. Auto Insurance in Colombia: A Guide to Colombian Auto Insurance
  3. Homeowners Insurance in Colombia: A Guide to Colombian Homeowner Insurance
  4. Medellin Guru Insurance Service: Providing Colombian Insurance
  5. Colombia has 24 of the Best Hospitals in Latin America
  6. Emergency Surgery: Expat Experience in Clínica León XIII in Medellín
  7. 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.

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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.

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