Whether you are buying property in Mexico as a home or an investment, you have already discovered the high investment potential of Mexican real estate and will want to protect it.
Mexico Home insurance is available with West Coast Global insurance Services at affordable prices.
HOA Policy: When investing in a condominium, review the condo association’s commercial policy. The policy will typically cover the complex structure, common areas, and swimming pool. They do not cover your unit or your belongings.
Rental Insurance: If your Mexican home will be used as a rental long-term or even occasionally, make sure you have rental insurance. Renting out your condo while you are back home is a great way to offset costs and gain revenue, but one accident could cost you your home. Protect yourself from liability. Should a tenant be injured on your property you may be liable for their medical expenses plus lost wages. If you rely on your rental property income, you may want to include a financial coverage for your property.
Earthquake and Hurricane Coverage: Investing in property along the Caribbean or the Pacific Coast should consider hurricane insurance, in the past, this feature was regarded as an expensive add-on, but many companies are making hurricane coverage more accessible. In some areas of Mexico, earthquakes are quite common, depending on your location you may consider earthquake insurance.
West coast Global Insurance Services offer property insurance for your home or condo in Mexico to protect you from mishaps. We provide online insurance policies and quotes visit our website to know more .
