property insurance in Ambergris Caye
The Belize real estate market has been booming recently with a wide variety of options for buyers including beachfront property, residential properties and new construction developments. The majority of real estate in the country is located around Ambergris Caye and San Pedro Town where a large portion of the tourist traffic and activities are concentrated.
The Caribbean coastline of the nation offers breathtaking beaches and the world’s second largest barrier reef. It is a popular place for tourists to visit and for people to retire and live there permanently. The climate is sub-tropical with warm water and sunny skies. The coastal community of Ambergris Caye Real Estate has a small town feel and friendly native residents that make it one of the most sought after locations in all of Belize. The area has become a popular choice for vacation and permanent residency due to its gorgeous tropical shorelines, abundant marine life and quaint culture.
Many of the locals and visitors in the region love to celebrate their holiday with parties, fireworks and family gatherings. These celebrations are part of the culture and help to bring the community together. Belize has a large number of holidays celebrated throughout the year that includes Costa Maya Day, Carnival, San Pedro Day and Township Day.
What are the options for property insurance in Ambergris Caye?
For those that are looking to retire in the country, there is a special program for individuals over the age of 45 that allows them to enjoy the benefits of citizenship and the opportunity to live on the shoreline of Ambergris Caye while maintaining U.S. passports. This program is called the Qualified Retired Persons (QRP) and it allows members to avoid paying taxes on national income or capital gains while enjoying the full benefits of the country.
When it comes to property insurance in Ambergris Caye, there are several options for owners to choose from. Many owners who have property in the area purchase all-perils coverage that will cover their homes against damage from hurricanes, earthquakes and fire. There are a number of insurance companies in the country that offer coverage and many of them are co-insured by American or British companies, so the level of risk is low.
Like all Caribbean destinations, a major concern is the possibility of hurricanes causing property damage and destruction. However, the location of Ambergris Caye minimizes the severity of hurricane damage because it is not in the strike zone of large storms. Proper construction of the home can also minimize wind damage.
The island is served by a large airport in the capital city of Belize, but if you want to save money on flights you can fly out of the municipal airport in San Pedro or take a ferry from Belize City. In either case you will need to make arrangements for transportation to and from the airport or ferry port. If you do need to make arrangements for transportation in the event of an emergency, there are two ambulance services and a medical clinic on the island that provide round-the-clock care along with doctors on call.
