Are you sure it’s safe?… No!

There is much talk that in Acapulco the Real estate companies and large businesses have their properties insured and merchandise, so the expense to be paid will be minimal; but this is not as simple as it seems.

If you believe that Having insurance of any kind is already an advantage, wait until you try to collect it. My experience with car insurance has been terrible and I recently made an editorial in this same space about the insurance company that was imposed on my son when purchasing a vehicle and that after an armed robbery and the insurer declared total loss of the vehicle, it took them months – after many stones thrown at him – to pay a ridiculous amount, penalizing him for almost a third of what he had paid for the car.

Error, ignorance and lack of advice. It was not noted that the payment was at commercial value – since the car depreciates immediately upon leaving the dealership – and not at invoice value. ¡Ojo! If you don’t want the same thing to happen to you Buy insurance that pays you for total loss at invoice value.

With Hurricane Otis things continued to go badly for me since my vehicle’s medallion broke and since we had to flee the port due to the poor condition of the house, without food, water and gas, we take refuge in the city of eternal spring where one of my offspring and his family gave me shelter. We immediately rushed to report the damage and it was a triumph to be able to get assigned a workshop in that city and then another triumph to get the glass; Anyway, they put it in after several days, but when they tried to pay the deductible that the policy said was 5% for material damage; which was around $500.00 or $700.00 pesos more or less, the workshop told me that a charge of $1,200 appeared in the system. 00, so I contacted the insurance company and they told me who treated me “read the general conditions” (small print), there it is specified that the medallion has a 20% deductible and in order not to fight because it was urgent for me to return to the port, I paid. Error in not reading the fine print and the fraud of this company in not specifying it on the policy cover.

The same will happen with real estate damage insurance, I assure you. It is urgent that Profeco review the contracts of insurance companies to avoid falling into fraudulent practices. against individuals. One of the unions that will have a lot of work will be that of notaries to attest to facts about insured real estate that suffered damage; but In the same way, insurance companies will manage not to pay if they did not have contracted clauses for damages due to natural events. Much less will they pay for damage under “social cohesion” – legal term used by the municipal president of Acapulco to justify the behavior of thousands of thieves, birds of prey, from all social levels who damaged and looted businesses regardless of the direction – since I highly doubt that all businesses in Acapulco have insurance for this type of event. Insurance companies never lose, since when they insure an individual they re-insure themselves with other companies. But yes They are very hard to pay, so I envision hundreds or thousands of lawsuits against them.

The worshipers of the gabachos tell us: “We citizens must be far-sighted and Take the example of the Americans, they insure everything and even if they suffer serious damage, they always obtain repairs for it.” What they don’t say is that these multimillion-dollar transnational companies are protected here and only by litigating the matter with specialist lawyers can full payment be achieved.

We must understand that insurance plays with the greater or lesser possibility of an event occurring. and that the insured takes out the greatest number of risks to increase the deductible.