What is the most important part of Mexican homeowners insurance?

What is the most important part of Mexican homeowners insurance?

Presented by West Coast Global Insurance

If you buy a home in Mexico, you will need more than just comfortable furniture and gorgeous views to make the most of your time there. You will also need solid home owner’s insurance coverage to protect your investment, just as you would for any other property you have owned in the United States or elsewhere. Continue reading if you are unsure about the importance of Mexican homeowners insurance.

Keep yourself safe from third-party liabilities.

One of the most important parts of Mexican home insurance is financial protection.

Bodily Injury coverage will cover the medical bills of persons injured on your property.

For example, if someone slips and falls on your property, your insurance will cover their medical bills and protect you from lawsuits they filed against you.

Property Damage coverage protects you in the event that your home causes damage to someone else’s property. For example, if a water line in your home bursts and floods your property as well as damages your neighbors’ properties. You would be held personally liable for the damage — thankfully; Mexican Home insurance coverage would cover that.

Protect your property from the dangers of extreme weather

You live on or near the shore; you must have hydrometeorological coverage. It will cover any losses caused by strong tropical storms, hurricanes, floods, and tsunamis.

Given that the severity of hurricanes in North America has surged since the 1980s, you will undoubtedly require catastrophic coverage to cover the damage caused by extreme weather.

Strong winds and high water levels brought by hurricanes can cause serious damage to your Mexican property. Your roof gutters, and siding may get ripped off, windows get broken, and floodwaters may linger inside your home for an extended period, causing water damage. If you cannot afford to pay for these repairs out of pocket, you must protect your investment with hydro-meteorological coverage.

Insure your personal belongings

Personal property coverage is optional and covers personal belongings that are damaged or stolen from inside your Mexican home. This type of coverage in your Mexican insurance can be especially beneficial if you own expensive jewelry, fine art, or electronics that would be prohibitively expensive to replace. It is best to schedule these expensive property items to be sure you are properly covered against losses.

Protect your home from seismic tremors (Earthquakes)

Because Mexico is located in a “seduction” zone, the country is prone to devastating earthquakes. In other words, your home could be destroyed by an earthquake at some point, necessitating extensive and expensive repairs. Fortunately, damages are reimbursable through optional earthquake coverage.

So there you have it: the most important aspects of a Mexican homeowner’s insurance policy. If you want to learn more about how solid insurance coverage can help you, get in touch with West Coast Global Insurance Services today.

Get Your Mexico Home Insurance Quote Today!

If you are buying a home in Mexico, West Coast Global Insurance Services has made it easy to protect your investment from unexpected perils & natural disasters. Fill out their Mexico Home & Condo Insurance Online Application to find the best Mexico home insurance policy for your needs.

Contact Information 20720 Ventura Blvd. 110, Woodland Hills, Ca. 91364

(818) 788-5353 Office

Website https://westcoastri.com/