Home Insurance
Do you really need home insurance in Mexico?
Yes. You do.
Why you need home insurance in Mexico
Homes in Mexico are primarily built of concrete, without the wooden studded walls and wooden ceiling rafters & joists that are common in the USA and Canada. This leads to the false impression that fire is not a big risk, so why worry?
This impression is often supported by real estate agents and sellers who downplay home insurance costs by telling prospective buyers... "Home insurance isn't' really necessary here in Mexico - the buildings are made of concrete." when in fact, home insurance claims are far more frequent in Mexico than you might expect.
So what are some of the risks?
- While concrete may not burn in the traditional sense, it can be damaged and weakened by the burning contents of your home... wooden cupboards, doors and furniture, for example.
- An even more devastating risk is propane explosion... something that can destroy your entire home... as well as the home next door, leading to a potential lawsuit by your neighbor.
- A power surge occurs almost daily in Mexico and can damage or destroy appliances, computers and the wiring of your home. Imagine the cost of rewiring your home.
- Lets face it, crime is higher in some areas of Mexico as is the risk of break-and-enter theft.
- If you hire a worker such as a gardener or a maid and they are injured while working on your property, you are liable in Mexico to support them during their recovery. Insurance Liability Protection steps in when you need it.
- Floods, hurricanes, landslides, wind damage... depending upon where your home is located, these risks may also come into play.
Would you live without home insurance in the USA or Canada? A TioCorp Home Insurance Policy in Mexico just makes sense.
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Get a free Home Insurance quote now. The cost is a lot less than you might expect.
What does home insurance cover?
Liability Insurance
Dwelling and Detached Structures
Dwelling and Detached Structures
Protect the yourself and the people in your home in case you are sued. With personal liability coverage, you are covered if someone gets hurt while visiting and for unintentional damage you may cause.
Liability coverage protects you from claims made by injured maids, gardeners and other workers.
Dwelling and Detached Structures
Dwelling and Detached Structures
Dwelling and Detached Structures
If something happens to your home or other structures, insurance will pay to repair or rebuild it.
Make sure you specify that you want replacement value.
Many items in a Mexico Home Insurance policy are optional. Ask for details and make sure you get all the coverage you need.
Contents
Dwelling and Detached Structures
Hurricane and Natural Disasters
This protects anything inside your home... clothing, furniture, appliances, computers, jewellery.
In Mexico, many of these are specified perils meaning that you need to declare values on the policy. You need to specify replacement value coverage.
Ask us for details.
Hurricane and Natural Disasters
Hurricane and Natural Disasters
Hurricane and Natural Disasters
In Mexico, optional hurricane and natural disaster coverage is available from some companies. Natural disaster coverage may not be offered during certain times of the year. If your policy does not have this option, you can add it when it does become available.
Ask us for more details.
Theft and Break-and-Enter
Hurricane and Natural Disasters
Theft and Break-and-Enter
With optional theft coverage, you are protected for losses due to break-and-enter, with one significant caveat:
Your home must show signs of forced entry.
In Mexico, optional coverage is available to cover items stolen when they are with you during travel.
Ask us for more details.
Home Insurance
Hurricane and Natural Disasters
Theft and Break-and-Enter
Welcome to TioCorp Insurance
Insurance for Mexico
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