The Importance of Homeowner and Condo Insurance in Mexico

We all know that homes in Mexico are built to last. Concrete blocks, steel beams, miles of rebar, tile roofs and flooring, and double strength windows make homes nearly indestructible. So why consider homeowners insurance if nothing can go wrong? Well, insurance is for the unexpected things in life, not the expected.

Here are a few reasons why you should consider protecting your dream home or condo in Mexico:

Liability: What would you do if one of your guests, employees or renters were injured on your property due to your or their negligence? Liability not only protects you from injuries, but also damage to property. Recently, a pipe burst in a tenth floor condo, causing significant damage to each of the nine units below… would you be covered if that happened to you?

Loss of Rental Income: Do you ever rent your home or condo to others? If your home were damaged and were uninhabitable, loss of rental income would compensate you for the time you were unable to collect rent.

Personal Property: While your home is built to last, you can still be affected by floods, fires and theft that can leave you high and dry if you don’t have a policy that covers your personal property. For condo owners that are covered by a master policy, consider purchasing a “contents only” policy that not only insures personal valuables, but liability too.

Earthquakes, Hurricanes and Other Catastrophic Events: Each year, Mexico is hit by numerous hurricanes and earthquakes – and with hurricane season around the corner (May 15-November 30), we want to make sure you are prepared. In 2012, there were 17 tropical storms tracked in the Pacific coast of Mexico alone; 10 of which formed into hurricane status. In addition, there were 15 earthquakes in Mexico that measured 6.0 magnitude or higher, with one (a 7.4 magnitude earthquake) that damaged or destroyed over 30,000 homes in the border area of the states of Guerrero and Oaxaca near the town of Ometepec. Don’t risk it. Additional coverage for these perils is available for all of Mexico.

Peace of Mind: Don’t let your dream home become a nightmare. For low cost peace of mind, get your home insured by an insurance company with a long-standing history.

International Insurance Group has been insuring Americans, Canadians and other expats in Mexico since 1999. All homeowner’s policies are US style, easy to understand in both English and Spanish and are backed by ACE Seguros of Mexico (ACE Seguros is A+ rated by AM Best and is part of the ACE Group of insurance companies).

Go on, sit back, relax and enjoy life knowing that your home and belongings are insured by International Insurance Group.

To get a free online quote, please visit Mexico Insurance Online / International Insurance Group, Inc. Make sure you mention JaltembaBayLife.com to ensure the best price.

by James Willis

Mexico Insurance Online has been providing travelers, snowbirds and expats with the best Mexico insurance coverage available since 2000. Mexico Insurance Online prides itself in offering home, auto, RV and watercraft coverage from the finest, most respected “A rated” insurance companies in Mexico.

International Insurance Group, Inc. is a well established and trusted provider for a number of specialty insurance products, including international travel medical insurance from International Medical Group (IMG).

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