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Homeowners,
Condominium & Renters Insurance
ORDER YOUR POLICY NOW!
We offer homeowners and renters insurance for your
dwelling or condominium and its contents in Mexico.
Standard coverages include Fire, Extended Coverage,
Earthquake, Volcanic Eruption, Flood and Weight
of Ice and Snow and Personal Liability. Glass and
Theft coverages are optional. A deductible of 1%
of value of the property applies for basic coverage.
For earthquake and volcanic eruption a deductible
and coinsurance applies which varies by location
of property.
PALAPA STYLE STRUCTURES CANNOT
BE INSURED
without the express written consent of Seguros Comercial
America. If you have DETACHED outbuildings
on your premises such as a garage, or storage
unit (bodega), these outbuildings and/or their
contents are automatically covered at no additional
cost up to an amount equal to 5% of the amount
of insurance you carry on your dwelling or contents
with the exception of "Palapa" structures.
If you have outbuildings on your property with
Palapa type construction an endorsement MUST be
issued excluding Coverage for outbuildings and
their contents. This endorsement will then preserve
your ability to insure your main dwelling with
no Palapa type construction. (Outbuildings excluded
for coverage must be DETACHED from main dwelling.)
Definition of Palapa:
"Palapa" means "thatched
covered structure" of any shape or size constructed
of natural palm leaf.
A Brief Description of Coverages:
1. Property is covered only within the dwelling
described by the policy.
2. There must be visible signs of forcible entry
into the building described in the policy.
3. There are three (3) forms of theft coverage
available
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Theft Item 1:
a) Household goods as furniture,
household appliances, clothing and personal
effects.
b) Artistic, sportive and
electronic items or goods which cannot be
easily replaced such as provided by Item 2
which value per unit or set shall be the equivalent
to 300 days of the minimum general wage in
force in Mexico City at the time of contracting
this policy.
c) Money, up to an amount
equivalent to 15 days the minimum general
wage in force in Mexico City.
Theft Item 2:
Artistic, sportive and electronic goods or
those goods of difficult replacement value
which unit or set value be greater than the
equivalent to 300 days of the minimum general
wage in force in Mexico City at the time of
contracting this policy, for example: paintings,
rugs, sculptures, wall tapestries, crystalwares,
tablewares, porcelain, screens, photographic,
cinematographic, electronic, fishing or golf
equipment, musical instruments or precision
gauges, antiques or goods which replacement
may be difficult or impossible.
Theft Item 3:
Jewelry, gold or silverware, weapons, watches,
furs and precious stones of whichever value;
as well as any kind of collections except
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Property insured under theft items 2 and 3 shall
be enumerated and described per unit, reporting
its value and the corresponding specification
forming an integral part of this Policy.
Note:
Items to be insured under theft items 2
and 3 must be listed individually. There is a
deductible equal to 15% of the amount of loss
or damage occurring under 1, 2 and 3. There shall
be an additional premium charge for items 1, 2
and 3.
Personal liability ($100,000 U.S.) is included
in standard form. Additional amounts are available
upon request. Remember, you are liable under Mexican
law for bodily injury or property damage to third
parties arising out of the use of your property.
(Off premises coverage not available on the homeowners,
condominium, or renters policy)
THE POLICY PROVISIONS, TERMS & CONDITIONS,
AND EXCLUSIONS ARE CONTAINED IN THE POLICY ITSELF.
Our dwelling, condominium
and renters policies will set your mind at ease
so you can truly enjoy the good life in Mexico!
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