Insurance Type

Property Insurance in Ecuador

Protect your home, condo, or rental property against earthquakes, theft, fire, and natural disasters. Not required by law, but essential in Ecuador's seismic zone.

Ecuador is in the Pacific Ring of Fire

Ecuador experiences regular seismic activity. The 2016 earthquake in Pedernales (7.8 magnitude) caused billions in damage. Earthquake coverage is a separate rider on most policies — always add it.

What's Covered

Property Coverage in Ecuador

Earthquake & Volcanic

Coverage against seismic damage and volcanic activity. Usually a separate rider — costs an additional 0.1–0.3% of property value.

Must be explicitly added

Fire & Explosion

Standard coverage for fire damage from any cause including electrical faults, gas leaks, and lightning strikes.

Included in standard policies

Flood & Water Damage

Coverage for flooding, pipe bursts, and water damage. Important in coastal areas and rainy seasons.

Usually included; verify flood specifics

Theft & Vandalism

Protection against break-ins, theft of contents, and intentional property damage.

Included in comprehensive policies

Costs

Property Insurance Pricing

$75,000 Condo (Cuenca)

$225–$600/year

$19–$50/mo

$100,000 House (Quito)

$300–$800/year

$25–$67/mo

$150,000 House (Guayaquil)

$450–$1,200/year

$38–$100/mo

$200,000 Luxury Condo

$600–$1,600/year

$50–$133/mo

Renter's Contents ($20K)

$80–$200/year

$7–$17/mo

* Estimates based on standard comprehensive + earthquake rider. Actual costs depend on location, construction type, and coverage limits.

Top Property Insurance Providers

Seguros Equinoccial (Zurich)

Market leader in property insurance. Comprehensive policies with earthquake riders. Strong claims history.

Liberty Seguros

Good condo and house policies. Competitive pricing backed by Liberty Mutual Group.

Seguros Sucre

Government-owned. Budget-friendly options for basic property coverage.

AIG Ecuador

International insurer with high-value property coverage options and corporate real estate.

Property Insurance Tips for Ecuador

Always add earthquake coverage — it's not included by default

Get an independent property appraisal for accurate coverage amounts

Document all valuable contents with photos and receipts

Ask about volcanic ash damage — different from earthquake coverage

Banks require property insurance if you have a mortgage

Review your policy annually — property values in Ecuador are rising

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