If you have a property in Puerto Rico that generates income from short term rental, then you are operating a commercial venture, and as a result need to get the corresponding commercial insurance to adequately protect yourself. Short term rental is a special kind of risk that insurance companies evaluate separately from long term rental, and several insurance companies in …
Renter’s Insurance in Puerto Rico
Renter’s insurance is a type of coverage whose main purpose is to protect a renter’s belongings in the event of an accident. This type of coverage is very common in the United States, but the same terminology is not often used in Puerto Rico. This typically causes new arrivals to the island a great deal of confusion as they may …
Top Differences in Insurance between Puerto Rico and the United States mainland
The market for insurance in Puerto Rico has several marked differences than that of all states in the USA. There are also some similarities, which you can read about HERE, but it is invaluable that you become familiar with the main differences, as the entire process for buying insurance is different and could have implications in your moving decisions, such …