Homeowners Insurance

Allor925 Active member

53POSTS

5 years ago

Making a condo purchase in Bavaro and looking at HO Insurance. Any help on questions below would be appreciated. TIA!

Is it required in the RD?
Reputable Companies?
Any Idea of annual cost range?

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planner Dominican Republic Expert

17772POSTS

5 years ago

You should only be doing the contents correct? Is there a blanket policy on the building?

1 member reacted to this post

Guest123089 Guest

0POSTS

5 years ago

Some condo developments require some kind of insurance policy; many don’t police it. Check your contract. They will CTA. (cover their..)

I doubt that a bldg in Bavaro would have insurance to cover your property, but if I’m wrong, I’d love to know which development that is!

Most developments have insurance for what could happen to their property, but not for what could happen, for example, to your car in their parking lot from a fallen tree or a flood. Watch out. Not in Kansas anymore. You will need to insure your own stuff.

William Harper & Asociados is a great insurance broker, and a fantastic connection. They’re in the Punta Cana Village. Avoid CMS Seguros at all costs; had a really bad experience. There are other alternatives, even straight with your bank. Banreservas... Universal...

Cost will depend on the coverage.

Shop around...

1 member reacted to this post

DominicanadaMike ViP

1051POSTS

5 years ago

Hello Allor,

I will send you a PM.

1 member reacted to this post

ricomozo New member

9POSTS

5 years ago

Hi Dominicanadamike

Could you send me a PM about HO insurance as well. I recently purchased a new built villa in bavaro as well and am looking in to insurance information

Thanks
Rico

DominicanadaMike ViP

1051POSTS

5 years ago

certainly rico.

2VPsoldier Serial expat

553POSTS

5 years ago

Mike - I also would appreciate an info pm - I might as well jump on this band wagon as well in order to get on my list as my house construction is starting next month....... cheers