Accidents and mishaps occur when least expected and in some of the most remote places. Would you be ready to pay the costs if this happened to you or your family anywhere in the world? Health insurance is certainly crucial, especially for expatriates. We have outlined here what you can and should expect from your insurance plan, be it life insurance or health insurance.
Insurance in Mexico works in ways that are very similar to the way things are in the rest of the world, with a couple of exceptions. Car insurance is a little less complicated in that the fees are basically flat rates, with fewer measures that depend on your driving record (which in Mexico isn't generally available) and more on the type of car you drive (especially if it is the model attractive to car thieves).
Health and life insurance are another matter. For the first you need to consider what hospitals are included and whether they pay for treatment in Mexico, your native country, both, or everywhere. There is also the issue of whether the company pays up-front, or if they ask you to pay the hospital and they send you a check (hopefully) later. Life insurance is more often a matter of investment philosophy.
Life Insurance in Mexico
A fatal accident or natural death can happen to anyone. This is why there are life insurance policies adapted to the needs of each individual or family, wherever they may be in the world. By insuring yourself, you ensure the best financial support for your loved ones and relatives by leaving your family financially protected with an inheritance. The various life insurance plans include term life, universal life, and whole life.
Term life offers the most basic life insurance protection covering 10, 15, 20, 30 year periods and can be converted into a universal life insurance policy. The universal policy is more flexible, guaranteeing the possibility of withdrawals as well as income tax-free revenue generated by the policy. The whole life plan offers permanent life insurance that provides complete and reliable protection to policy holders.
Health and Medical Insurance in Mexico
The best health and medical insurance plans cover expenses of up to $500,000 to $1,000,000 dollars per year (renewable every year) and offer a network of the best hospitals around the globe, covering dozens of countries, including different deductibles that fit your lifestyle, free coverage for all children under the age of ten, coverage of 100% of hospital and medical expenses in the country of residence after your choice of deductible, and medical care covering birth defects, premature births and other complications. Also covered are medical check-ups, emergency help lines, repatriation of mortal remains, and other services. For more information, an instant quote and to buy online please click here.
Auto Insurance in Mexico
You should know that U.S. auto insurance is not recognized in México, and although there are many in Mexico who drive without any auto insurance, this is very dangerous. If you're crossing the border with your car you should acquire auto insurance at the border. This will be a little less than, or equal to, the value of your car. For more information, an instant quote or to buy online please click here.
The object of home insurance is to secure your home from damage or loss and to cover the costs of any accident that may occur. This includes coverage for such cases as vandalism, theft, fire, lightning, civil violence or disturbance, hail storms, windstorm, hurricanes, and other possible scenarios.
Real Estate Title Insurance
One of the most important aspects of protecting a real estate investment is making sure the title to the property is in proper order. Real estate purchases are different from most types of purchases. Instead of purchasing a physical object like a boat or a car, you are purchasing a group of rights, called the title to the property. These rights can be limited by rights and claims asserted by others. A title insurance policy (SPI) protects your rights.
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