Dusty
Newbie
Posts: 2
Registered: 10-5-2014
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Home owners insurance and Hurricane Odile
Just curious, which insurance companies are paying out hurricane damage claims and which ones are not, in the Cabo San Lucas area?
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shari
Select Nomad
Posts: 13048
Registered: 3-10-2006
Location: bahia asuncion, baja sur
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Mood: there is no reality except the one contained within us "Herman Hesse"
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Someone asked me that the other day if people had insurance on some of the damages...good question.
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vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
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Mood: mellow
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Why do you want to know ??
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Udo
Elite Nomad
Posts: 6346
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
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Mood: TEQUILA!
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The cost of insurance in Baja Sur, is fairly prohibitive, and has a high deductible.
Udo
Youth is wasted on the young!
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vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
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We're with AIG, one of the larger insurance companies in the world.
The adjuster was here yesterday to assess the damage on our place and when I get the result, I will post it here.
[Edited on 10-6-2014 by vandenberg]
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dtbushpilot
Ultra Nomad
Posts: 3288
Registered: 1-11-2007
Location: Buena Vista BCS
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Mood: Tranquilo
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The company that insures my boat contacted me 2 days after the hurricane to see if my boat suffered any damage. It was in the garage so no problems.
"Life is tough".....It's even tougher if you're stupid.....
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Alm
Ultra Nomad
Posts: 2729
Registered: 5-10-2011
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| Quote: | Originally posted by Dusty
Just curious, which insurance companies are paying out hurricane damage claims and which ones are not, in the Cabo San Lucas area?
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Many Nomads live on a leased land. They built something and sometimes have some receipts on some materials and appliances, as a proof. Landlord owns
the land. Insurance then becomes "complicated".
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ElCap
Nomad
Posts: 281
Registered: 1-22-2010
Location: Montara CA, or San Ignacio BCS
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We lost a bunch or personal belongings in a palm fire on our property in San Ignacio a few years back. I contacted my insurance agent here in
California (State Farm) and was pleasantly surprised to discover that these were covered under our policy (albeit with a large deductible) under our
home policy. Never hurts to ask. Luckily I had just taken a video inventory of our belongings the week before the loss, and that sufficed as
evidence for the claim.
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Whale-ista
Super Nomad
Posts: 2009
Registered: 2-18-2013
Location: San Diego
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Mood: Sunny with chance of whales
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If you are looking for insurance: veterans/military families may want to check with USAA for their services for coverage out of the US.
I've used USAA insurance in Baja for years, tho never made a claim for a hurricane. (They did help replace stolen items after home robbery- getting
police reports was the biggest challenge.)
\"Probably the airplanes will bring week-enders from Los Angeles before long, and the beautiful poor bedraggled old town will bloom with a
Floridian ugliness.\" (John Steinbeck, 1940, discussing the future of La Paz, BCS, Mexico)
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Alan
Super Nomad
Posts: 1626
Registered: 4-6-2005
Location: Yucaipa, CA/La Paz
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I would be surprised if any homeowner policy covers hurricane damage. It has been my experience that most policies don't cover "Acts of God".
Hopefully many of the people had actual hurricane policies.
In Memory of E-57
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dtbushpilot
Ultra Nomad
Posts: 3288
Registered: 1-11-2007
Location: Buena Vista BCS
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Mood: Tranquilo
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| Quote: | Originally posted by Alan
I would be surprised if any homeowner policy covers hurricane damage. It has been my experience that most policies don't cover "Acts of God".
Hopefully many of the people had actual hurricane policies. |
My homeowners policy in MX covers hurricane damage and clean up. The deductible is high but if the damage is bad it's worth having.
"Life is tough".....It's even tougher if you're stupid.....
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Gulliver
Senior Nomad
Posts: 651
Registered: 11-18-2013
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We have flood insurance on our place in Mulege. It would be madness not to. Yes, the deductible and copays are significant so we will be working hard
ourselves but the premiums are reasonable.
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mtnpop
Senior Nomad
Posts: 597
Registered: 9-8-2009
Location: Colorado/mulege
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Our insurance has always covered hurricane-hydrological (flood)-earthquake among other things... All our friends in Mulege that have insurance have
the same coverages to this point...
Remains to be seen if renewal will happen after the first of the year...
Mex. homeowners insurance usually have a co-insurance amount (who knows what this is) a deductible around 10% and they also depreciate your
appliances etc.... They will pay inside cleanup but not outside... Lots of paperwork and documentation involved ( this has been the case in the past)
This will be our 3rd one so anything could happen....
Cost has so far been less than our colorado mtn house... Of course we are living in a concrete block box....with a nice tile roof..
Adjusters are there now so we wait to hear the news...
Common sense is a flower that doesn\'t grow in everyone\'s garden.....
A wise man once spoke nothing.....
Never kick a cow chip on a hot day!!
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mtnpop
Senior Nomad
Posts: 597
Registered: 9-8-2009
Location: Colorado/mulege
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not an issue
| Quote: | Originally posted by Alm
| Quote: | Originally posted by Dusty
Just curious, which insurance companies are paying out hurricane damage claims and which ones are not, in the Cabo San Lucas area?
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Many Nomads live on a leased land. They built something and sometimes have some receipts on some materials and appliances, as a proof. Landlord owns
the land. Insurance then becomes "complicated". |
Leased land makes no difference, the land is not insured. When you buy insurance you have a contract with the provider on the house. The landlord
has no claim to the damage on the house.. Of course some might try...
Common sense is a flower that doesn\'t grow in everyone\'s garden.....
A wise man once spoke nothing.....
Never kick a cow chip on a hot day!!
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capitolkat
Senior Nomad
Posts: 510
Registered: 3-9-2006
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WE do have insurance. The adjustor was here last week and the good and bad, we had minor damage, mostly outdoors to car gates, satellite dishes,
debris removal,etc. Our policy does cover hurricane damage, but because the damage was outside and was minimal we don't reach the deductible, as we
had no glass damage to windows or doors which is separately covered at 97%, but they will pay for all debris removal costs and for water damage to our
DVR, as electronics is separate deductible, and they also pay for loss of contents to our freezers and refrigerators at a stated limit of $400.
WE were very fortunate as many neighbors lost windows , doors, pillars blown over, significant water damage to interior, loss of all electronics etc.
We'll keep the coverage as next time it might be our turn to get hit harder , like our neighbors.
Life is too short to drink bad wine
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vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
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Mood: mellow
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For us,with AIG, the damage amount has to be 1% of the insured amount, which we didn't reach.
However, if we had, the deductible was ,at 10%, so high, that even a 1% damage would be cancelled out.
In reality, this insurance only for catastrophic events, like a point 9 quake.
 
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weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
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Mood: lleno
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If you do have insurance in Mexico (auto or home) do not expect any damages to be restored to original condition. By way of example, our neighbor had
an intense magnesium fueled fire in their bodega that burned for hours. One accordion metal/glass door was severely warped. The concrete was badly
spalled and the veracity of the rebar in the walls is questionable. The insurance company plastered the concrete, banged the metal relatively
straight and painted the results. We also were t-boned by a drunk that fortunately had insurance. The insurance company patched the damage with
paper mache (maybe a slight exaggeration) painted it and called it a day. We were not allowed to recommend or insist on a quality repair shop. You
take what they will give you, nada mas.
Every beautiful beach in the world needs a few condo towers - NOT.
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