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SPAIN Even if mortgages were easily obtainable these days, and even if one were achieved in the present market, it is certain the mortgagee (the client, in fact) will be obliged to contract insurance linked to the mortgage. It may be life or accident insurance with the financial entity as beneficiary, what is sometimes called non-payment guarantee, or unemployment insurance. Those are 'against' the person; for the property itself, 'obligatory' insurance will probably be against damage by water or fire, for instance. But not all 'obligatory' insurance is required by law.>>>
