Do You Need Homeowners Insurance in Mexico?

by West Coast Global Insurance West Coast Global Insurance

Owning a home is one of the most important investments a person will make.

Ask yourself? What do we do for things that are important to us? We take care of them and protect them. With potential hazards that may arise unexpectedly, a Mexico homeowners Insurance policy provides protection to secure your most valuable assets, which will of course include your property in Mexico. Once you have 100% ownership of your home, securing the insurance becomes even more crucial for your financial protection.

Your home is the first line of defense against various threats. So, buying a Mexico home or condominium insurance policy is extremely important to protect against threats such as the potential damages caused by natural disasters like earthquakes, catastrophic coastal storms like hurricanes, as well as various other risks, including fire, theft, accidents, vandalism that can cause property damage. Without a doubt, breathtaking views and comfortable living spaces make life worth living in Mexico. To make living in Mexico better, having excellent insurance coverage for your home is undeniably worth it.

To give you an example, if you reside near the ocean, your home is more exposed to damage caused by saltwater and severe weather conditions especially during hurricane season. With this, you would want to secure Hurricane Coverage that will pay for damage that hurricanes might cause. Technically, wherever your home is in Mexico, you need protection from extreme water perils such as hurricanes and strong tropical storms. Hurricane season starts in May and goes thru October each year. Some tropical storms or hurricanes may be strong enough to inflict the worst type of damage to your home. And these types of exposures may be new to you if you have never owned property in Mexico.

Many Insurance companies in Mexico do not accept homes that are within 500 meters (about the height of the Empire State Building) from any body of water and other carriers will not cover Windstorm or Hurricane unless the property is equipped with High-Velocity Hurricane Zone (HVHZ) hurricane storm shutters on all openings of the home including the garage door.

West Coast Global Insurance Services has solutions for every property type in Mexico, no matter the characteristics of the property or distance from any body of water.

Other coverages included on an insurance policy in Mexico is theft coverage which is crucial if you own expensive electronics, jewelry, and more.Short term vacation rental liability is now available and offered by West Coast Global Insurance. These policies include Global Jurisdiction and in the unfortunate case where someone gets injured on the premises of your property, this type of policy will safeguard you from a potential financial disaster. All-Risk coverage is available and will provide coverage for fire, lightning, explosion, smoke, and other perils that will be included on your Mexico Home Insurance Policy.

You will find that many coverages included on a Mexican Home & Condo Insurance policy are optional. This makes the buying experience nice and easy as you can tailor your coverage limits to your individual needs and not buy more insurance than you need or want to pay for. When you work with West Coast Global Insurance Services, the agents will assist their clients by answering any and all questions and then structuring the insurance policy special for each home &client.

Before purchasing a policy, be sure you review the terms and conditions thoroughly. Learn about the company and its service providers and whether they are licensed and reputable. This will ensure there are no coverage gaps that may cost you time and expenses in the future. Also, partner with a company that can maintain utmost transparency.

TO CONCLUDE

Buying homeowners insurance for your Mexico property does not have to be complicated. Now you can skip intermediaries, apply online, choose a suitable policy, and check out securely. At West Coast Global Insurance, they make it simple for you as they specialize in “all-risk” Mexico Homeowners Insurance that enables them to provide their clients with the most comprehensive coverages available in Mexico. When working with West Coast Global Insurance Services, you will have peace of mind from the absolute best Mexico & globally-known insurance agency. WC is a name you can trust!

Call them at 01 (800) 099 0614 or click the banner. They will help you stay protected from the unexpected.