Some people are afraid of buying property in a foreign country. Can I buy title insurance in Costa Rica to insure my investment?
Yes, there are several companies that offer the same type of title insurance that is offered in North America. Several huge US title insurance companies back these companies. The cost is about 3% of the purchase price. Top of Page 13. Can I get homeowners insurance in Costa Rica? Yes, all insurance in Costa Rica is handled by a government agency called INS. You can purchase insurance for your home, car, business, life insurance, and most other insurable items through INS. Home insurance is actually less expensive than comparable insurance in the USA. Top of Page 14. Does Costa Rica have property taxes? Yes, Costa Rica has yearly property taxes based on the value of the property but they are usually very low. Typically, 0.1% of the property value. Top of Page 15. Can I have a North American quality home built in Costa Rica? Can you recommend a good builder? Yes, there are many North American builders and architects that have relocated to Costa Rica that build by US standards. But they h
Related Questions
- When I buy a home and protect it with title insurance, what happens in the event someone should challenge my ownership of the property five or ten years after the purchase?
- Some people are afraid of buying property in a foreign country. Can I buy title insurance in Costa Rica to insure my investment?
- Is property title insurance available in the country?
