If you are looking into buying a home in Mexico, you are already aware of the enormous investment potential of Mexican real estate and will want to safeguard your most valuable asset in Mexico. Hurricanes are among the most destructive natural forces from which you must protect your home in Mexico. Hurricanes are violent storms that can wreak havoc on Mexico’s coastal areas for sustained durations. In addition to destructive winds, a hurricane can bring torrential downpours that can last for days and lead to flooding. Your home and personal belongings may be at risk for a hurricane or
The Importance of Mexico Home & Condo Insurance
You would be surprised that many new home & condo buyers in Mexico neglect to insure their investment the day they take possession of their most valuable asset in Mexico. When purchasing a home or condo in Mexico Insuring your investment is just as important in Mexico as it is in the United States or Canada. The same exposures and more exist in Mexico as they do in any other part of the world. Insuring your property in Mexico should be part of your budget when planning to invest in Mexico. Securing the insurance for your home or condo in
Is Your Boat or Yacht Insured Properly when navigating in Mexico?
If you plan to take your yacht to Mexican waters, you must have yacht liability insurance issued by a Mexican-domiciled insurance provider to cover potential third-party damages. If you get involved in a boating accident in Mexican waters or ports, you must have proof of financial responsibility — just as you would if you were in a car accident in Mexico. You could face harsh consequences if you do not have adequate coverage, such as hefty fines, impoundment of your yacht, and even imprisonment. What Mexico Yacht Liability Insurance Covers Mexico yacht liability insurance protects you against legal liability resulting
Comprehensive Global Medical Insurance Protection & What You Need to Know When Living in Mexico!
Many individuals and families move to our neighbor to the south for many reasons, including great weather, beautiful beaches, a relaxed lifestyle, lower living costs, and — of course — more affordable healthcare. Unfortunately, many expatriates in Mexico have learned that, while healthcare is relatively less expensive in Mexico, a catastrophic event can nonetheless cripple your financial condition if you are not covered properly while traveling or living in Mexico. The Healthcare System in Mexico: An Overview The Instituto Mexicano del Seguro Social (IMSS) is Mexico’s federal government healthcare program — and it is pretty similar to Medicare and Medicaid.