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  • Todos Santos

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  • East Cape Area

Homeowners Insurance

MEXIHOME™

THE INSURANCE SOLUTION FOR AMERICANS WITH HOMES IN MEXICO AN EXCLUSIVE MEXIPASS® PRODUCT, PROVIDING MEXICAN INSURANCE … THE AMERICAN WAY™

Americans have achieved the highest level of insurance protection in the World. Through many years of evolution, the insurance market in the USA has produced sophisticated insurance products to satisfy the needs of a demanding society of consumers.

When Americans purchase an insurance policy in the USA, they enjoy the peace of mind of a contract with proven and tested forms and conditions that will guarantee the quality protection that they expect for their assets and their liabilities.

Traditional Mexican Insurance policies are designed to be offered to their domestic market. This has resulted in insurance contracts that, while suitable for the demands of Mexican Nationals, do not offer the sophistication, quality and clarity of coverage and protection that Americans receive in the USA. So, Americans should not compromise their standards by getting traditional Mexican insurance policies. Americans deserve the level of insurance coverage that is available to them in the USA.

MexiPass® Insurance Programs are underwritten by AIG-Mexico, a wholly owned subsidiary of the American International Group (AIG), to fulfill the need for quality insurance protection for Americans in Mexico.

With MexiPass products you will have the peace of mind of getting the best insurance coverage available for Americans in Mexico. MexiPass offers American Standards of Insurance Coverage…for your Personal Autos, Homes, Boats, Umbrella or even Commercial exposures in Mexico … and MexiPass is made available to you, just like your other insurance at home, through the professional advice and services of your trusted Insurance Broker or Agent in the USA, for policies, claims or any other need for insurance services in Mexico! With MexiPass you will experience Mexican Insurance…The American Way!

Attempting a “side by side” comparison between MexiHome and any other traditional insurance policy offered for homes in Mexico is a challenging task: The differences are just too many and difficult to list! The following are just some highlights of why MexiHome is the most suitable solution to protect you as a Home Owner in Mexico:

  • POLICY CONDITIONS:
    MexiHome reads just like the US HO5 policy, a form that you and your Insurance Advisors can understand and feel very comfortable with.
  • PROPERTY COVERAGES:
    With MexiHome you get Special (All Risk) coverage, Replacement Cost, TRUE Theft coverage for ALL your personal property, NO “funny exclusions” and Deductibles that are NOT based on “minimum wages”
  • LIABILITY COVERAGE:
    Under MexiHome, your liability exposures are handled just like they would be under a US policy: Your Insurance Company “will defend you and pay on your behalf” for ANY claim against you in Mexico, even if groundless!
  • CATASTROPHIC COVERAGES:
    If elected, MexiHome will automatically insure ALL your property exposures for Catastrophic Losses, for the same limits and values insured under the Property and Valuables Objects Sections!

A MexiHome Policy provides you with the proper insurance so you, as an American, shall not have to sacrifice or compromise your standards of protection and settle for inferior coverage for your property and your liabilities as the owner of a home in Mexico.

AMERICAN STANDARDS OF INSURANCE COVERAGE TRADITIONAL MEXICAN INSURANCE FORMS MexiHome PLUS

MexiHome is a breakthrough product within the Mexican Insurance Market. This is a Homeowners Insurance Policy underwritten by AIGMexico and exclusively designed for the growing number of Americans with homes in Mexico. MexiHome provides the same standard of protection that is available under the preferred Homeowners Insurance Policies sold in the USA.

MexiHome looks, reads and feels like an American policy, with coverage that is not available in any other Policy offered for homes in Mexico.

PLUS, MexiHome includes useful Home Services and offers you the option to insure your property and valuables against Earthquakes, Hurricanes, Floods and Tsunamis under the same policy!

POLICY SECTIONS

  1. PROPERTY COVERAGES:
    MexiHome covers your property in Mexico under the very broad “Special” or “All Risk” concept used in the USA, which means that all losses will be covered, unless they are specifically listed as excluded under the policy:

    1. Dwellings:
      Covers the Replacement Cost of the main structure of your Home. PLUS, you may include coverage for other detached dwellings, such as Guest Houses, Caretakers Quarters and even Rental Units.
    2. Other Structures:
      Covers your other detached structures, such as Garages, Pool Rooms, Cabanas, Equipment Rooms, etc., all at their Replacement Cost.
    3. Personal Property:
      Your personal belongings will be covered anywhere in Mexico. Property owned by your guests or employees will also covered at your residence. All personal property is covered at Replacement Cost. MexiHome includes automatic coverage for certain valuable property, such as money, securities, jewelry, fine arts, sporting equipment and property used for business purposes, up to Special Limits. PLUS, you have the option to increase your coverage by listing any of your more valuable property under the Schedule of Valuable Property Section.
    4. Loss of Use or Rental Income:
      You will be covered for your additional living expenses and optionally for the loss of rental income if your home is involved in a covered property loss.

    MexiHome also provides automatic coverage under the Property Section for Debris Removal, Reasonable Repairs, Trees, Shrubs and Plants, Property Removed, Credit Card Fraud and even Collapse of the buildings!

  2. LIABILITY COVERAGES:
    1. Mexican Liability:
      MexiHome allows you to select limits of liability up to USD $2,000,000.00 to protect you and your family members for any lawsuits or demands presented against you, anywhere in Mexico. Your legal defense is provided and paid by attorneys selected by the Insurance Company and you will not be subject to any deductibles.
    2. Medical Payments to Others:
      In order to reduce potential lawsuits you will be automatically entitled to spend up to $1,000.00 in necessary medical expenses for third parties or for your residence employees, for injuries that may be caused by you, or a family member, or your residence employee, or even your family pet, anywhere in Mexico.
  3. CATASTROPHIC COVERAGES:
    1. Earthquake & Volcanic Eruption
    2. Hurricane, Cyclone, Windstorm & Hailstorm
    3. Flood
    4. Tidal Waves & Tsunamis

    MexiHome allows you to optionally insure your dwellings, personal property, loss of use and scheduled valuables against losses due to any of the above catastrophic losses. Coverage is for the Replacement Cost of your property, after the prescribed deductible and your percentage share of every loss; but this important coverage is readily available to protect you against such devastating events!

  4. SCHEDULED VALUABLE OBJECTS COVERAGE:
    1. Fine Jewelry
    2. Silverware
    3. Art Objects
    4. Other Scheduled Objects:
      Under this section you have the opportunity to include a list of any property of special value and property that exceeds the Special Limits provided under Coverage C. You will have the peace of mind of knowing that all your personal items in Mexico will be covered for their appropriate values.
  5. HOME SERVICES:
    1. Plumbing Service Calls
    2. Locksmith Service Calls
    3. Plate Glass Services
    4. Other Home Repair Service Calls:
      MexiHome covers up to $100.– for any the above Home Service calls, up to five times during your policy year. Just another way to assist you with your home protection needs in Mexico!

You can find more information at www.classicgreenlight.com.