Claim Your Single-Premium Mortgage Life Insurance

A single-premium mortgage life insurance policy is a lump-sum insurance contract paid at the start of your mortgage that covers the outstanding loan balance if the borrower dies during the term.

While it can provide peace of mind, banks in Spain have often imposed these policies as a compulsory, overpriced condition—making them potentially abusive.

Your chances are very high. Courts in Spain have consistently ruled these imposed policies abusive, ordering banks to refund the unused portion of the premium.

That said, every case is unique. Success hinges on factors such as whether the bank mandated the insurer, whether you paid in a single upfront premium, and how clearly the terms were disclosed.

With the right documentation — the policy contract, payment receipts, and mortgage deed — we will assess the strength of your claim.

To file your claim, you'll need the following documents:

• Mortgage deed (escritura de la hipoteca): this is the main document outlining the terms of your mortgage and the applicable clauses.
• Life insurance documentation: the insurance policy or contract linked to your mortgage loan, along with any receipts, invoices, or related communication with the bank.

With these documents, we can evaluate your case and begin the recovery process.

Timelines can vary depending on the bank and the court handling the case. While we can't guarantee an exact duration, we'll keep you informed every step of the way via email and/or whatsapp.

You recover the prorated portion of the premium for the unused period, from the policy's termination date until its original expiry.

At first, the bank may refuse to settle out of court, claiming that the insurance is valid.

However, this does not prevent you from pursuing a legal claim to recover the expenses.

If a judge rules that the clause is null and void, the bank will be legally required to refund the amounts unduly charged.

No! The bank cannot legally penalize you for exercising your right to claim. This means they cannot raise your interest rate, add extra fees, or worsen your conditions just because you take legal action.

Mortgage contracts are regulated and protected by law. Any attempt by a bank to retaliate would be illegal — and extremely rare. In our experience, clients don't face any negative consequences for claiming what's rightfully theirs.