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Showing posts from September, 2022

Hurricane Coverage - Reasons to Not Self Insure   

 If you are considering relocating to Mexico, the most common question about living in the country deals with the risk of hurricanes and natural disasters. Many people self-insure their homes in Mexico when considering this possibility, but this practice may not be as safe as it seems. Self-insuring your Home or Condo in Mexico against hurricane damage is risky. Here are a few reasons why: If your home is damaged or destroyed and it is not insured, you will be responsible for rebuilding it completely on your own. The cost of Mexico Home Insurance is a cost that you build into your annual home expenses. Your goal is to mitigate risk and transfer the financial responsibility to the insurance carrier. Insurance companies also have access to specialized resources, such as claims adjusters and contractors, that can help make the repair process go more smoothly. Self-insuring leaves you vulnerable to lawsuits if someone is injured on your property. Insurance provides coverage for m...

How to Protect your Mexico Vacation Investment?

 Mexico is one of the most popular tourist destinations in the world — and for good reasons! With so many amazing cities, beautiful beaches, and unique experiences, it is no wonder Mexico welcomes millions of visitors every year from all over the globe. If you are planning a trip to Mexico, congratulations! You are in for a treat. But before you start packing your bags, it is important to take some steps to protect your investment. With that in mind, here are some of the coverage options to consider when purchasing travel insurance in Mexico : Trip cancellation/interruption : When you purchase trip cancellation/interruption coverage, you are essentially buying peace of mind if something happens and you can't take your trip. This type of coverage is designed to reimburse you for non-refundable expenses, like airfare and hotels, if you have to cancel or cut your trip short due to extreme weather conditions. Trip delay : No one wants their vacation plans interrupted, but unfortuna...