In 1924, the Law of Monopolies of the National Insurance Institute was passed that brought along with telecommunications and socialized medical system, also the insurance in the state preview. Fundamentally, insurance is a state monopoly in the country of Costa Rica.

Edward R. Mercer the “Co Owner of Ventana Del Pacifico” had ventured into the land development business and amassed acres of breathtaking land in Costa Rica. Together with his wife, they created their own real estate company, a one stop-shop organization that shall make an ease for buyers interested in the acquisition of their Costa Rican properties. Ed is passionately devoted to diverting a portion of every sale of his company to the reforestation efforts and infrastructural makeovers.

Here is a snippet of Ed Mercer. When Ed came to Costa Rica in 1988, little kids had to walk five miles on an average just to reach their schools in absence of buses and even roads. Ed took initiative in solving all such infrastructural challenges (providing roads, buses and recreational facilities) and the self made millionaire fondly came to be known as Mr. Costa Rica for inducting his financial resources towards philanthropic causes. Ed Mercer has currently been inducted in a prestigious event along with a high profile ceremony for protecting the scarlet macaws, the white-faced monkeys and the sea turtles, which were illegally hunted for their colorful plumage, pet supply and eggs respectively. Motivated to enhance the biodiversity of the region, Ed planted thousands of almond trees to provide food for macaws and dwelling for monkeys. The female sea turtles were coached to follow a new protected path to come to fresh cordoned nesting beaches (prepared by Ed in the adjoining villages).

In addition to all of Ed’s work, he is also a regular contributor to the Performance magazine along with Bill Cosby and Arnold Schwarzenegger, contributing his inspiring views. What’s more, being on stage with Tony Robbins, Zig Ziglar and Donald Trump, Ed felt greatly enriched sharing creative exchanges. Furthermore, Ed Mercer also shared the stage with the world’s top environmentalists, inventors, scientists and ecological minds. He considers his enterprise, Edward R. Mercer Foundation, as his greatest achievement reflecting the undeterred spirit to give back manifolds for the betterment of the society. Also, many have inspired by the popular saying of Ed Mercer, “Under promise and over deliver”, it is merely a sterling factor behind his steady business successes, his self taught entrepreneurship skills serving as an exemplary role model to the up-and-coming entrepreneurs of our generation. He often speaks about benefits of living in Costa Rica and one of it includes the issue of insurance.

Furthermore, Ed Mercer shared the stage with the world’s top environmentalists, inventors, scientists and ecological minds. He considers his enterprise, Edward R. Mercer Foundation, as his greatest achievement reflecting the undeterred spirit to give back manifolds for the betterment of the society. Also, many have inspired by the popular saying of Ed Mercer, “Under promise and over deliver”, it is merely a sterling factor behind his steady business successes, his self taught entrepreneurship skills serving as an exemplary role model to the up-and-coming entrepreneurs of our generation.

In addition, the home fire insurance has an optional inflationary clause. Even late payment and renewal of the policy are allowed by the grace periods provided. Basically, the yearly policies have a grace period of 30 days and those paid twice a year have a 15-day grace period. The policy shall, however, expire if the client does not pay after the grace period ends. It is a complicated process to reinstate the insurance policy. It may require a new visit by the insurance agent who will start the fresh listing of the items to be insured.

The home fire insurance has an optional inflationary clause. Even late payment and renewal of the policy are allowed by the grace periods provided. The yearly policies have a grace period of thirty days and those paid twice a year have a fifteen day grace period. The policy shall, however expire if the client does not pay after the grace period ends. It is a complicated process to reinstate the insurance policy. It may require a new visit by the insurance agent who will start the fresh listing of the items to be insured. In Costa Rica, the suspension of an insurance policy is not possible. One social interest policy is the worker’s compensation (obligatory insurance) policy that covers the work related accidents while on travel or at the job. Crop insurance is also a social interest policy to help those farmers who lose their crops to natural disasters.

Have a peak or a click on www.MrCostaRicasProperty.com and know more of the benefits you will enjoy in living the world of Costa Rica.