5 Most Important Coverages for your Mexico Home

Mexico is a beautiful country with a rich culture and history. The country has many natural attractions worth exploring, and who doesn't love Mexican cuisine? If you are planning on purchasing a home in Mexico, it is a must to understand the importance of buying a Mexico Home Insurance policy that offers protection and security to your investment.

Here are five of the most important coverages you should have in place:

Dwelling Coverage

This is the part of your Mexico Home Insurance that helps pay for rebuilding or repairing the physical structure of your home if it is damaged by a named peril. Dwelling coverage typically covers your house and connected structures, such as a casita or attached garage. Like other insurance policies, your Mexican dwelling coverage will have a maximum sum — or limit — that you can recover per claim.

Personal Property Coverage

Personal property coverage is another critical part of your Mexico Home Insurance, which covers the contents inside your home up to the amount listed on your policy. This can include your furniture, electronics, and clothing. Some policies have exclusions for high valued art work or sculptures, so it is important to read all the fine print before securing your policy, so if you require additional coverage you can request for the coverage increase.

Liability Coverage

Liability Coverage is essential to protect your finances if you are sued by someone who was injured on your property or whose property was damaged by you. While bodily injury liability coverage will help cover medical bills, rehabilitation costs, and other expenses related to injuries to others, property damage liability coverage pays to repair or replace damaged property — including someone else's car or house.

In Mexico, third-party liability insurance is a mandatory policy requirement, however if you are renting your home or condo to strangers the liability shifts and an additional policy will need to be secured that provides short term rental liability when renting to strangers in Mexico. Ask your agent to provide you additional details of this important coverage.

Earthquake Coverage

Earthquakes are unpredictable and can happen anytime, so if you live in a seismic hazard zone, you need earthquake coverage to protect your home and family from this type of catastrophic event. It is worth noting that this type of coverage is typically not included in most homeowners’ policies in Mexico. So be sure to check with your insurance agent whether your current policy covers potential damages caused by an earthquake in Mexico— if your policy does not provide coverage for Earthquake coverage, you have the option to include this important coverage for an additional premium.

Hurricane and Flood Coverage

Mexico is not unfamiliar with hurricanes. So if you live in a hurricane-prone area, it is a good idea to purchase Mexico hurricane insurance coverage. Hurricane coverage provides financial protection against property damage caused by hurricanes. It can provide reimbursement for things like:

• Property repair or rebuilding after a hurricane has passed through the area
• Emergency home repairs to protect your property from further damage
• Damage to contents such as furniture, clothes, and personal items during a hurricane

It is important to know that hurricane insurance and flood coverage are two separate coverages. In Mexico flood is covered under the Hydro-Meteorological Phenomenon coverage section just as Hurricane coverage.

Get Your Mexico Home Insurance Quote Today!

Getting insurance coverage for your home in Mexico is no longer complicated when teaming up with West Coast Global Insurance Services. Mexico Home Insurance can be purchased easily and with the best coverages and pricing available in Mexico.

If you have any questions about your needs or concerns regarding Mexico Home Insurance, West Coast Global Insurance Services team is here to help! We can help you find the best Mexico Insurance policy for your needs and budget. Fill out this Online Mexico Home Insurance Application to receive an estimate today!

West Coast Global Insurance Services is dedicated to continuously researching our industry for the most comprehensive, best-priced insurance policies available in Mexico.