Mexico home insurance is particularly important if you live in the country or have business establishments there because it is often visited by hurricanes & strong tropical storms. While predicting when and where hurricanes & strong tropical storms are likely to hit landfall in the area, it is not as accurate as one would wish it to be. That is why Mexico home insurance with wind, hurricane and water damage coverage as well as business interruption insurance for businesses should always be in place.
The Need for Mexico Home Insurance Forecasted
Mexico home insurance is strongly recommended and in some cases even required; considering that several hurricane & strong tropical storms are forecasted for the hurricane season in 2013, it would be the smart move for home and business owners.
So far, four hurricanes formed over the Atlantic in 2013, one of which made landfall in Veracruz, Mexico on June 17 (Hurricane Barry). Although it was considered a weak storm, only registering wind speeds of 45 mph and degenerating quickly, it nevertheless displaced thousands of people and killed two. Heavy rains brought in by Hurricane Barry caused landslides in the states of Puebla and Guerrero in east central and southwestern Mexico respectively. Those with Mexico home insurance and business interruption policies would be able to make a recovery of their losses after the hurricane blew over.
Predicting hurricanes & strong tropical storms is undertaken by hurricane experts at meteorological and scientific agencies including the US National Oceanic and Atmospheric Administration (NOAA), Tropical Storm Risk at the University College London (TSR), Colorado State University (CSU), Weather Channel subsidiary Weather Services International (WSI), the Met Office in the UK, and the Florida State University Center for Ocean-Atmospheric Prediction Studies (FSU COAPS). These are the agencies to watch to determine the need for Mexico home insurance, and so far the forecasts indicate a great need for it. The official start of the hurricane system was June 1, and ends on November 30.
The forecasts are updated weekly and daily. The NOAA and CSU consider 12 storms, 6 minor hurricanes and 3 major ones a year as average based on actual meteorological data between 1981 and 2010. The forecast for 2013 is for an above-average hurricane & strong tropical storms season, with various agencies predicting between 12 and 20 named storms 5 and 11 minor hurricanes, and 3 and 6 major hurricanes between June and December, with landfall also above average. Statistics indicate that the chances of a major hurricane affecting the Gulf Coast is higher than average.
The experts arrived at this forecasts that indicate one should have Mexico home insurance due to higher than usual sea surface temperatures, the probability of El Niño not being present in the Pacific Ocean, and the continuity since 1995 of the active era. The absence of El Niño means that there will be no hindrance to the tropical cyclone activity in the Atlantic. You are also able to track hurricanes and tropical storms with our weather tracker by clicking here!
Consequences of not having Mexico home insurance
While the predicted landfall of hurricanes & strong tropical storms in Mexico is only three out of the 5 to 11 forecast for 2013, even one can wipe out a person’s home and business. Mexico home insurance can ensure that this will be compensated in full if the appropriate coverage is purchased.
Without Mexico home insurance, wind and water damage can strip one’s home and business of its value. While Mexico home insurance cannot prevent the feelings of devastation from being subjected to the violence of hurricanes & strong tropical storms, it can provide a measure of assurance that not all will be lost.
When there is no Mexico home insurance in place, the tendency is to resist abandoning one’s home or business even when the situation calls for immediate evacuation. With complete Mexico home insurance coverage, one can at least leave knowing that something can be salvaged from the disaster.
Choosing the right Mexico home insurance against hurricane & strong tropical storms
It must be remembered, however, that just like anywhere else choosing the right provider is important. The Mexico home insurance should be from a reputable company with a proven track record in serving its customers. The Mexico home insurance company one must choose should not have any complaints against them on record.
It is perfectly possible to find a reputable Mexico home insurance company online. It is even recommended because it is much easier to shop around for the best deal possible when quotes can be obtained without leaving one’s home.
What limits should have Mexico home insurance have?
It is always better to be prepared, and prepared adequately. When asking for a quote online for Mexico home insurance, make sure to get one that will cover the full value of a property as well as hurricane, wind and water damage in cases of acts of nature. Some policies will put acts of God or acts of nature as not covered, and this will not do if you live in a hurricane-prone area such as Mexico. One should also include a list of covered items when applying for Mexico home insurance, such as major appliances, jewelry, valuable paintings and furniture, and so on. It may raise the premium, but is it always good to have good coverage for Mexico home insurance.