house insurance on beach prices

[drpesson]

Does anyone have house insurance with house on the beach? Is it possible? How expensive might it be for a nice house? tks

 

[cavok]

It's definitely possible but I don't know what it would cost. A lot of variables there.

 

[JD Jones]

I've seen home insurance offered on the BPD web site with a 50K pesos cap.

 

[cavok]

I've seen home insurance offered on the BPD web site with a 50K pesos cap.

Only $50K? Is that for the structure or contents?

 

[JD Jones]

Only $50K? Is that for the structure or contents?

Contents, IIRC.

 

[Jumbo]

After the earthquake of September 2003 most insurance companies capped compensation amounts. They took a beating and many folded paying centavos on the peso. Insurance was cheap back then. But it was pretty much a Ponzi scheme also.