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Showing posts from October, 2021

Home Insurance: How to Protect Your Mexico Property

  Many people dream about owning a home in Mexico. The beautiful weather, laidback lifestyle, and fantastic cuisine make it the perfect destination for Americans looking to buy a second home or place to retire. It is worth remembering that homeownership in Mexico entails all of the same responsibilities as homeownership in the U.S. or Canada — and protecting your investment against unforeseen circumstances or disasters should be a key consideration for you as a property owner in Mexico. The best preventative approach is to buy adequate Mexican home insurance. Insurance providers, such as West Coast Global Insurance, offer a range of Mexican home insurance policies, with options to include and/or exclude coverages as per your individual insurance needs. The type of coverage you need will vary depending on where you own a home in Mexico. Homes near the coast, for example, should be insured against tropical storms/hurricanes damage as well as earthquake damage. Inland propertie...

Tips on Securing Your Vacation Home in Mexico

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  Now that you have bought the Mexican vacation home of your dreams, it is time to look for a  Mexican home insurance policy   to secure your investment. Unforeseen losses may occur anytime due to burglary, vandalism, fire, flooding, or a natural disaster. Vacation homes are more likely to suffer losses because many property owners prefer to stay in Mexico for a couple of months and leave the house vacant for the rest of the year. Condos account for a significant fraction of the properties owned by foreigners in Mexico — in this instance, the condo association should have a blanket insurance policy to cover the entire property complex, communal areas, fixtures, and amenities. It is critical to review your Mexico Condominium Insurance policy outlined in the condo rules and evaluate the coverages included to protect your condominium. In addition to buying  Mexico Property Insurance , here are a few other helpful tips for keeping your Mexican property safe while you are...

Car Insurance in Mexico: Are You Covered?

  Magnificent Mayan ruins, breathtaking turquoise waters, and delectable local cuisine are just a few of the many reasons to visit our neighbor to the south. Many Americans choose to travel to Mexico by car. But even if you are adventurous at heart and have a craving for spontaneity, driving into Mexico without a bit of forethought and planning is not a good idea. Although your U.S. driver’s license is valid in Mexico, the auto insurance policy you bought back home typically does not protect you once you cross the border. Why? It’s because the Mexican Federal Liability Law stipulates that for auto insurance in Mexico to be legally recognized and accepted, it must be issued by a Mexican-licensed insurance provider.   So even if your foreign policy is pretty comprehensive, it cannot provide liability coverage in Mexico. Thankfully, some insurance providers, such as West Coast Global Insurance, sell Mexican insurance online that extends coverage into Mexico. Driving Into Mex...