The penetration of insurance among the population has left much to be desired in the country, which can also be detrimental to the coverage of the living place before an unexpected event such as a natural disaster or even an accident.
According to a comparator survey of insurance HelloSafe, there are reasons for Mexicans that prevent them from hiring home insurance. According to the data collected, the main reasons are:
- Not necessary: 35%
- It is very expensive: 18%
- Ignorance: 23%.
- Other reasons: 24%.
- Source: HelloSafe.
In this context, the survey also showed that at least two out of 10 people plan to take out insurance for their home in the future.
“Likewise, it should be mentioned that, despite the fact that more than 20% plan to contract it, 80% of these people have not previously purchased home insurance yet, since they consider it to be an expensive product, without measuring that, in the event of accidents or theft, the loss could be even greater,” the analysis highlights.
Among the contingencies that most concern Mexicans, and for which they would take out insurance, are the following:
- Thefts: 50%.
- Earthquakes: 19%.
- Fires: 18%.
- Water damage: 13%.
- Source: HelloSafe.
According to the survey, eight out of 10 Mexicans currently do not have home insurance. “Normally, hiring insurance It is not a very widespread practice, and this is really reflected in the data… where only 20% of those surveyed have contracted insurance for their homes,” the firm highlighted.
the big earring
According to the most recent official data, they indicate that insurance of any kind have decreased at the time of the pandemic, because according to information from the most recent National Survey of Financial Inclusion (ENIF), only in 2021 the population that has had insurance at some point was 32%, when this figure in 2018 was 35 percent.
In this context, at least insurance for housing have been maintained, but with a large slope of coverage. According to the ENIF, the possession of the adult population of insurance for the house it is 2%, remaining at the same percentage since 2018.
“The insurance they are financial products that enable people to efficiently manage the financial burden of unexpected risk events or life cycle episodes. By contracting one of these products, people can protect themselves in various aspects, such as damage to their physical assets (home and car), issues related to their health and education, and even protect their family in case of eventualities”, it can be read in the ENIF 2021.