Mexico Property Insurance

Mexico Property Insurance

It’s always a good idea to invest in property insurance if you have a home or watercraft in Mexico. Having insurance on your Mexico property will help protect you in case of unexpected

Mexico Property Insurance

Mexico property insurance policies are not like those found in the U.S. and Canada because the terminology used and types of coverage offered are usually significantly different. Therefore, you can’t expect a standard policy to contain the same types of eligible coverage criteria in a Mexican property insurance policy that you may find in an American policy. As a solution for this difference, there are insurance companies in the U.S. that specialize in Mexican insurance law and policy-making. These specialty companies collaborate with the Mexican insurance companies to underwrite policies that are recognizable to Americans while still maintaining the legal validation of Mexico.

Non-Spanish Speakers

Unless you speak great Spanish and have no problem dealing with your insurance terms in Spanish, it will be best to have your policy prepared at one of these specialty insurance companies in the U.S. Having a familiar policy format for your Mexico property insurance may prove to be ingenious if you ever must file a claim in an already tense situation.

Check what’s included on standard policies

Moreover, US-led policies may have coverage options (for instance, third-party liability cover) that may not be found in the standard coverage for the Mexican insurance company. So, you may have to pay extra premiums for items that automatically would come in the standard policy with the specialist U.S.-based company.

Depending on what you want you plan to cover with regards to your Mexico property insurance, may be the determining factor for using a direct Mexican insurance company or one of the specialty insurance companies in the U.S.

Picture Designed by Creativeart / Freepik

Find a Dream Home

How Can Law of Attraction Help You Find a Dream Home?

Are you wanting to find the best dream home for you and your family? If you are, then have you thought about how the law of attraction can help you find a dream home? You can use the law of attraction along with positive thinking when you are searching for your dream home. Read below for helpful tips about how you can make the law of attraction work for you.

Imagine that you are like a satellite dish

The main premise of the law of attraction is that ‘like attracts like,’ meaning that you need to be in the receiving mode of what you want by matching the energy that you want to receive. Imagine that you are a satellite dish receiving the signals, and that your life is the TV screen manifesting what you want to experience. If you use this technique, then you will automatically attract things that you like and are thinking about. For the first step in finding a successful home you should first think and imagine how you would like your home to be. Avoid thinking negatively about your current home, but focus on the elements that you would like to see repeated in your new, dream home.

Make a Collage

Making a collage or mood board with elements from your dream home is easy as all you need to do is collect images and pictures from all sorts of magazines that represent the way you want your dream home to be like. Make the mood board detailed. You can even take pictures of things that you would like to be doing at your second home such as enjoying a beautiful view that you can see from your bedroom or adding a pool to the backyard. The sky is the limit for making a mood board. Once you have your mood board created, then add a picture of you and your family in the middle. However, remember, if this becomes a chore, don’t do it. The idea about the law of attraction is that you are in a positive mood to attract the things you want. If making a collage becomes like homework, don’t do it. Just browse your favorite interior design magazines.

Repetition of affirmations

You can choose a few affirmations that keep you upbeat and on track when you are searching for your dream home. These mantras or affirmations can be something like “I’m happy and my dream home will manifest soon” or “My dream home is coming soon”. When you repeat these types of affirmations, then you are reaching out to a higher power and manifesting your dream into reality.

Celebrate Each Step

You should always remember to celebrate each step and accomplish you make in looking for your dream home. If you have found a dream home that is out of your budget, then still celebrate this moment, because you have at least manifested the dream home into reality, all you have to do now is work on manifesting the price you are willing to pay or on manifesting the way to pay for the dream home.

Trust your gut instinct

It is always worthwhile for you to follow your hunches, because the law of attraction can work in a special mysterious way. Even if you think the dream home is not close enough or too much money you should follow your hunches. Who knows when you might find the right information to help you get the resources to get that dream home, which will be ideal and perfect for you and your family?

Home Insurance in Mexico

What You Need to Know about Home Insurance in Mexico

Depending on your personal needs and preferences, circumstances, and of course your budget, you can choose Mexico home insurance entirely or even partially. The cost of home insurance in Mexico will depend upon a few different factors, which would include the location of the property, the type of property, the value of the property, the age of the property, and what items you would like to be covered.

Home insurance in Mexico

An “All Risks” insurance coverage is offered by some insurance policies in Mexico. This type of home insurance coverage will pay you with generally most incidents and accidents that involve the property. There are better policy coverages that can protect you for incidents that are classified as catastrophic, which would include fire, earthquakes, floods, winds, hurricanes, and volcanic eruptions. However, not all of the home insurance companies in Mexico are able to cover you for all of these potentially catastrophic events.

Property owners in Mexico can lower their insurance premiums by electing to limit “Named Perils” that will be assigned to your home insurance policy by just choosing to take “All Risks” insurance coverage. What does this mean? It means that certain events may be covered while other events will not be covered. The insurance policies that are cheaper in cost are called “Named Perils”, which is often mistaken to be comprehensive insurance. Make sure your insurance broker provides clear instructions between these type of insurance along with the differences and prices of the insurance options.

What to include in your home insurance in Mexico

Your home insurance policy should always cover the structure of your home. You can even add coverage for carports, garages, studios, game rooms, and any outbuildings. Many homes in Mexico come with several different structures, which would include a central courtyard with several buildings built around it, and many insurance policies do not cover these added structures if they are not connected to the main home.

Contents Insurance in Mexico

A great home insurance policy in Mexico should cover all the personal belongings that you own, or those that are owned by your employees and any guests (within your home). Some of the home insurance policies in Mexico will also cover jewelry, arts, sporting equipment, money, though this coverage may be limited and need premiums for particularly expensive items. There may be an option if you would like to add higher insurance limits on different items, which is generally located on the special selection area of your home insurance application form. Theft insurance coverage may vary as it will depend upon if it has been specifically listed or is added to the “scheduled” area.

Loss of Use or Rental Income

If your Mexico property is used for work or it is a rental income property, then you can add a “loss of use” risk to your insurance policy. This coverage would provide you coverage for any expenses caused by the fact that you cannot use your property for a long period of time. Also, if your property is very damaged and it will take a while to repair or even rebuild the property, then your home insurance will cover for all loss of rental income that you would have gained. Evidence is often required, and a rental contract is good evidence.

If you have a home in Mexico, then this is what you need to know about home insurance in Mexico.

Reference: Mexperience
Villas for Sale in Nuevo Vallarta

Villas for Sale in Nuevo Vallarta

Have you dreamed of living in a luxurious, relaxing home in Nuevo Vallarta, Mexico on the beautiful Banderas Bay? If you are, then great news, because there are lavish and luxurious villas for sale in Nuevo Vallarta at Villa La Estancia Residences Riviera Nayarit. There you will find charming oceanfront villas with modern amenities such as gourmet kitchens, granite countertops, and top of the line stainless steel appliances as well as centralized air conditioning and spa-style bathrooms.

At Villa La Estancia Residences Riviera Nayarit, you will be able to find the perfect villas for sale in Nuevo Vallarta that meet both your lifestyle and preferences. Choose from two and three bedroom villas as well as penthouses at Villa La Estancia Residences in Nuevo Vallarta.

Villas for Sale in Nuevo Vallarta with Home Comforts and Luxuries

You will immediately fall in love when you enter the hacienda style entrance to the villas. Once you are inside, you will see ten foot ceilings that enhance the interior along with a grand living room and spacious dining area. Comfort is important in this villas for sale in Nuevo Vallarta, and that is what you will receive along with central air-conditioning, Wi-Fi connections, and a washer and dryer.

Luxury Details for Nuevo Vallarta Lifestyles

The ocean views from Nuevo Vallarta will leave you in awe as you contemplate the sea from double glazed windows and French sliding doors that take you to your private terrace or balconies. The flooring is finished in rich marble and the cabinetry is done in maple hardwood. The bedrooms feature walk-in closets, marble countertops, marble showers, and dual vanities. These are just a few of the luxury details and features you can enjoy in this villas for sale in Nuevo Vallarta.

Penthouse Villas for Sale in Nuevo Vallarta

The penthouse villas at Villa La Estancia Residences Riviera Nayarit offer over 4,316 square footage of luxurious designs. There is plenty of space at the Penthouse Residences at Villa La Estancia Residences Riviera Nayarit. Each penthouse comes with three large ensuite bedrooms, so you and your family will have the privacy and space they want. The outdoor living space is the crown jewel of the penthouse as it comes with a Jacuzzi, a barbecue grill, and a beautiful terrace from where you can enjoy the beauty of nature without leaving your penthouse.

Three Bedroom Villas for Sale in Nuevo Vallarta

The three bedroom villas have 2,790 square footage of luxurious comfort. There are two master bedrooms that come with complete spa bathrooms. There is a balcony with a jacuzzi and BBQ grill, so you can enjoy the year-round wonderful weather without leaving your home.

Two Bedroom Villas for Sale in Nuevo Vallarta

The two bedroom villas have 2,212 square footage of luxurious comfort. The two bedroom villas have everything you want and need. The master bedroom has a king size bed, spa bathroom, and the second bedroom comes with two queen size beds, which is ideal for guests or your children. There is an oversized balcony where you can enjoy stunning views without leaving your home.

Are you interested in purchasing one of the villas for sale in Nuevo Vallarta at Villa La Estancia Residences Riviera Nayarit? Contact Villa La Estancia Residences Riviera Nayarit directly and you may be eligible for a Try and Buy program.

Ownership Opportunities in Cabo

Traditional Ownership Opportunities in Cabo

Foreigners and Mexican nationals alike can enjoy a number of traditional ownership opportunities in Cabo, from full ownership of family homes, to condos to apartments, all of which are suitable for those seeking to relocate permanently in Cabo San Lucas or San Jose del Cabo, wanting to buy a vacation home or looking to invest in property to rent. For almost every kind of vacation homeowner, there are many different options available in Cabo.

The Real Estate Market in Cabo

Over the last 5 years since the economic slump, most real estate ownership opportunities in Cabo have been re-sale properties, however, we are seeing a rise in new properties coming on the market as developers are building again. These new homes are attracting a different type of buyer looking for properties that are smaller and more cost effective. Most people looking for ownership opportunities in Cabo are looking to purchase something new, so this is a good time for the real estate market in Cabo.

Second home ownership in Cabo

Second home ownership in Cabo is very appealing for those wanting a vacation home to bring coworkers, family, and friends. You can come anytime you want and use it anytime. There really is nothing like owning your own place. However, remember that when you purchase a second home, you are responsible for all repairs and maintenance, so this will require that you hire someone to take care of your vacation property like a property manager.

Is it safe to buy in pre-sale in Cabo?

Unfortunately, there are downsides to purchasing a new product as you really don’t know what you will end up with and the risk that the developer actually finishes the project is very real. Nevertheless, you can get a great deal when buying during the pre-sale stages, meaning that your profit is much greater. Likewise, when purchasing a brand new property in Cabo, you can be sure that the designs are modern, built with the latest building products and ready to use.

How about building your own home?

It may be safer to purchase a property that has already been built, but there is something magical about building your own home, because you will be involved in the design, so you know what you are getting. Speaking Spanish will help you in this process but it not essential if you work with a reputable architecture firm and construction firms.

Condominium Living

Condominium living is the first choice for most people wanting a second home in Cabo. It is just easier, because you can maintain a condo with ease, then when it is time for you to return home you just lock up the condo and go home. However, there will be neighbors you will have to deal with. Neighbors could be on both sides of you or below or above you, so think about this when you are picking a condominium. You also are responsible in the upkeep, repairs, and maintenance on the condo inside, although the common areas are maintained with your HOA fees. An added plus to condominium living is they stand tall, so you will have great views.

Read: How to choose the best Real Estate in Mexico