If you own —or intend to own— a home situated on Mexico’s Yucatan Peninsula, you’ll come to discover that getting your property insured is more difficult than if it’s situated in other regions of Mexico. The region’s geology, coupled with unique hurricane risks, has made it either difficult or prohibitively expensive to insure homes in this area.
Many of the principal underwriters (the big companies which cover loses on insurance products) have had a moratorium in place since 2015 pending a review of the data and risks associated with insuring property in the Yucatán region.
This week, our associate MexPro has announced that homeowners in Mexico who have residential property situated on the Yucatán peninsula – that includes the states of Yucatán, Campeche and Quintana Roo – can now obtain residential property insurance quotes for properties in those states.
This will be welcome news to the thousands of people who have been trying to get insurance for their property investment in the region, as previously only specialized insurance brokers situated locally would quote for coverages, and then only under less-than-ideal terms.
Learn more about property insurance in Mexico
Learn more about property insurance in Mexico by connecting to our property insurance section and including our guide to property insurance for detailed insights about insuring your home here and to get an immediate quote online.
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