House insurance

Member since 28 October 2014

Donna&KenMember09 November 2014 05:30:18

We have a 1 bdrm villa in Lomas Mironas, which we rent out when we are not there. Would you recommend an sort of insurance? No one seemstocarry much on there places and wondered.. Bob ,I see you have a rental' what is the approx cost for contents, liability...does this cover for such things as fire etc?
Thanks!

Ken

Bob K VIP Member

Member since 25 June 2007

Bob KVIP Member09 November 2014 10:07:09

7675

This is a great question.聽 General home insurance can be expensive and since most homes are block and cement construction not much is going to fall down or burn up.聽 So most do not insure their houses.聽

However as a renter that sheds a different light.聽 On our condo rental unit we carry liability and content insurance only.聽 This runs about $160 a year and we think with renters in the unit well worth the cost.

Hope this answers your question.

Bob K

Donna&Ken Member

Member since 28 October 2014

Donna&KenMember09 November 2014 14:00:07

Thanks again Bob!...and if it floods up where we are, then we ALL have problems!
We will look into content and liability for sure when we are there.
Any suggestions to who to see for insurance?

Donna&Ken

Bob K VIP Member

Member since 25 June 2007

Bob KVIP Member09 November 2014 19:57:23

7675

We do ours through Amber Guardian in Sosua. They work with multiple companies so they can compare rates for you.

You also should not have any bad flooding problems in Lomas as it is on the hillside unless you have a low lying property with poor drainage.

Bob K