What government policy is in place in Grenada to protect investors’ property against natural disasters?

I would be interested to apply for a Grenada passport by purchasing real estate there as a long-term investment. I’m just concerned about the possibility of hurricanes, and want to know does the government guarantee/insure my real estate investment against natural disasters?

Answers

On June 28, 2023 Richard Hallam answered:

This would not be a government initiative but any credible developer is going to have multi tiered insurance on their development to account for natural disasters, business interruption, employer liability, etc. When conducting due diligence on the developer in which you are investing your funds, it would always be recommended that you ask for proof of insurance so that you have the confidence that your investment is protected. It is also worth noting that Grenada is outside of the de facto Caribbean hurricane belt and has had less hurricanes in the past 100 years than New York City.

On June 27, 2023 Kevin Hosam answered:

No government that does Citizenship by Investment insures real estate investments, this is left up to the developer of the property and in some cases the investor to insure their own property from any natural disasters. If it is any consolation, Grenada is for the most part out of the hurricane belt, therefore there isn’t a major concern there.

Magazine Sign Up

Sign up to receive a free copy of our industry leading global immigration magazine

Become a Verified Member

Join our the global immigration community

join for free

Programs by Country

Europe
Caribbean
Asia
MENA
Australasia
North America