4 Important Questions Answered About Mexico Home Insurance

by West Coast Global Insurance West Coast Global Insurance

Are you looking into getting Mexico home insurance? Here are the answers to the four most frequently asked questions about Mexico home insurance to help you understand what you are buying.

Q1. Do I need Mexico home insurance?

Yes, you most certainly need property insurance in Mexico because your home in Mexico is an asset that you should safeguard from the risks of fire, natural disaster, and theft. In addition, you need liability coverage since it insures you against bodily harm and property damage caused to others while they are on your property.

Q2. Do I need to insure my condominium’s interior in Mexico?

Yes, if you own the interior features of your Mexico condominium—countertops, cabinetry, fixtures, interior walls, electrical, etc.—you should safeguard your financial investments. Liability coverage is indispensable not just if someone sustains a bodily injury while visiting your condominium but also if your condominium causes damage to a neighbor’s unit (for example, water damage from leaky appliances or pipes).

Q3. What if multiple people own the home?

The “Named Insured” field on your Mexico home insurance policy must exactly match the title of your home. In addition, check that it corresponds to the information on your Fideicomiso, which is a long-term irrevocable bank trust. The names of multiple insured parties, trust names, business names, and so on can be separated and entered into the “First Name” and “Last Name” fields of an insurance quote form.

Q4. How do I file a claim?

If you sustain damage to your property in Mexico that exceeds your deductible, call the toll-free number listed on the insurance claims instructions page of your home insurance policy right away. The insurance company will send an adjuster to your location as soon as possible to assist you with your claim.

Contact West Coast Global Insurance Services if you want to purchase Mexico home insurance. WC specializes in ALL RISK online Mexican insurance for homes and can offer you the most comprehensive coverage available in Mexico’s insurance marketplace.