The Insurance Compensation Consortium is an institution dependent on the Ministry of Economic Affairs and Digital Transformation, which covers damages for extraordinary risks. Until July 1, 2016, in order for a vehicle to be insured against extraordinary risks, it was necessary that it had contracted additional coverage for personal damage such as windows, fire, theft... As of that date, that requirement is no longer necessary. . All vehicles with valid insurance will be covered by the Consortium against extraordinary risks. Therefore, part of the premium we pay for car insurance includes a surcharge that is paid to the Consortium.
What are considered “extraordinary risks”?
RD 300/2004, of February 20, defines the extraordinary events covered by the Insurance Compensation Consortium. These are divided into three groups:
- Phenomena of nature: earthquakes and tidal waves; extraordinary floods, volcanic eruptions; atypical cyclonic storm, including extraordinary winds with gusts of over 120 km/hour and tornadoes; the falls of astral bodies and aerolites.
- The events caused violently as a consequence of terrorism, rebellion, sedition, mutiny and popular tumult.
- The events that occurred by events or actions of the Armed Forces or the Security Forces and Bodies in peacetime.
How is a claim declared to the Consortium?
The declaration of claims can be made online through the page www.consorseguros.es . You can also contact us by phone by calling 900 222 665.
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