Mexico Home Insurance: Beware Of Brokers Who Can Sell You Short
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Mexico Home Insurance: Beware Of Brokers Who Can Sell You Short
Mexican homeowners Insurance is very tricky. Brokers and agents will sell you policies that you do not need or that do not offer you the coverage that you are seeking and in the event of a loss the carrier due to not being insured properly will not pay out the claim. Having a great relationship with your agent and asking the correct questions before purchasing your Mexican homeowners policy is one of the best things you can do.
There are many ways a agent or broker will sell you a policy that you are not looking for. One is that if you plan on renting your home, whether its yearly or occasionally, standard Mexican Insurance policies WILL NOT cover you, this is considered a business by 99% of Mexican Insurance Carriers and you will need a Commercial Policy not a homeowners policy. West Coast Insurance Services offers a Special Lines policy that NO agent in Mexico offers with broader coverages to protect you and your assets. Depending on the location of your home, Hurricane coverage is important. If in the Baja area or a Hurricane Zone Hurricane coverage is always recommended. During Hurricane season 99% of carriers will stop offering Hurricane coverage until the Hurricane season is over. Some agents and brokers will still sell the homeowners policy and say Hurricane coverage is included in the package when in fact it is NOT.