One of the most important reasons to have home insurance in Mexico is to protect yourself financially. Bodily Injury coverage will pay for the medical bills of those injured while visiting your home or while on your property.
Property Damage Liability
Property damage liability coverage protects you if your home somehow damages someone else's property.
Hydro-meteorological Coverage: If your home is on or near the beach, you need hydro-meteorological coverage. It will pay for any damage done by strong winds, hurricanes, floods, hail and tidal waves.
Theft coverage: Theft coverage is optional and pays for personal belongings stolen from inside your home. This type of insurance is especially helpful if you own fine art and expensive jewelry, or electronics that would be too expensive to replace in the event of a burglary.
Dwellings, Fire and All Risk Coverage: Your home or condo insurance covers your property damaged by fire, lightning, explosion, falling trees, vehicle collisions, and other sudden and various other mishaps.
Earthquakes/Volcanoes: Mexico is home to almost fourty eight active volcano. Similarly, this country has seismic zones and fault lines running throughout it, meaning it's possible for your home to be damaged by an earthquake at some point. So having a Mexico home insurance is a wise decision in Mexico.
