BajaNomad

Insurance

Steve&Debby - 3-17-2013 at 01:55 PM

Is home owners insurance available in Baja?

DENNIS - 3-17-2013 at 02:03 PM

Quote:
Originally posted by Steve&;Debby
Is home owners insurance available in Baja?



Yes, but look well into it before you buy. Houses are seen differently and your policy has to be for your type of structure. For instance, a policy covering a block house won't cover a wood framed structure or a mobile home and that probably won't be explained until it's way too late...like....you know....when the fire is completely out.

J.P. - 3-17-2013 at 05:09 PM

Like Dennis says its different , Things like windows, cabinent work and a multitude of others are considered Personal Property and if not listed as such on the policy are not covered.

DENNIS - 3-17-2013 at 05:13 PM

Quote:
Originally posted by J.P.
Like Dennis says its different , Things like windows, cabinent work and a multitude of others are considered Personal Property and if not listed as such on the policy are not covered.


Exactly, John. The policy has to be explicit.
I hope BajaBound Geoff sees this thread. He could shed some light on the issue.

EnsenadaDr - 3-17-2013 at 05:18 PM

So let me get this straight, if the house burns down to the ground, and it was built on leased land, who gets the money, the owner of the land?

DENNIS - 3-17-2013 at 05:23 PM

Quote:
Originally posted by EnsenadaDr
So let me get this straight, if the house burns down to the ground, and it was built on leased land, who gets the money, the owner of the land?


Whoever bought the policy.

J.P. - 3-17-2013 at 05:40 PM

Quote:
Originally posted by EnsenadaDr
So let me get this straight, if the house burns down to the ground, and it was built on leased land, who gets the money, the owner of the land?






That actually happend in La Joya the land owner sued the house owner and they won because they produced Recipets to prove they built the house so the court ruled in favor of the house owner.

Alm - 3-18-2013 at 08:53 AM

Quote:
Originally posted by Steve&;Debby
Is home owners insurance available in Baja?

Yes, just make sure you ARE the home owner. Many homes offered for sale by gringos are what I call an "unreal real estate". They merely sell the "structure". Somebody living in a trailer on a campground decides to build a home. He still lives on a campground and pays a rent, but he can now sell the structure to somebody. No land comes with it, so you are not an owner of anything, and, consequently, have limited options of insurance. Sometimes possible, not always. If campground owner decides to sell the camp for development - sometimes they do - then you lose it for sure :) ...

[Edited on 3-18-2013 by Alm]

CortezBlue - 3-18-2013 at 08:58 AM

Quote:
Originally posted by Steve&;Debby
Is home owners insurance available in Baja?


It looks like you are in the San Felipe area, if so, stop and talk to Rick at Rick and Lolita's at the roundabout next to the Pemex, he is a pretty straight talker and can give you the low down.

Alm - 3-18-2013 at 09:05 AM

Yeah - JP - structures on leased land can be insured. Depends on the structure and lease agreements. I've just edited my earlier post to reflect this.

J.P. - 3-18-2013 at 09:17 AM

Quote:
Originally posted by Alm
Yeah - JP - structures on leased land can be insured. Depends on the structure and lease agreements. I've just edited my earlier post to reflect this.











I once owned a lake House on a Corp of Engineer Lake in Texas the land was owned by the Goverment and leased to me.
All land in the U.S. is owned by the goverment You just Purchase a bundle of Wrights. If the goverment Want's It they can take it With or Without Just compesation.

Steve&Debby - 3-18-2013 at 09:01 PM

Our house is on leased property,It is a two story house not a trailer. CortezBlue does Rick sell insurance? Thanks, Steve

J.P. - 3-19-2013 at 08:21 AM

Quote:
Originally posted by Steve&;Debby
Our house is on leased property,It is a two story house not a trailer. CortezBlue does Rick sell insurance? Thanks, Steve





Our house is as many are on leased property. The ins. carrier I use is MAPFRE they are all over Mexico.

ncampion - 3-19-2013 at 09:51 AM

We have "homeowners" insurance on our house in Loreto. We recently had a burglery and about $2000 USD worth of stuff was stolen. We just received payment from the insurance company for the amount of all the items less 30% depreciation, which is more than fair. We didn't know how the company would handle a claim, but I'm a believer now.