Owning a condo in Mexico can be a dream come true, but it’s essential to protect your investment with the right insurance coverage. If you’re an American resident with a condo in Mexico valued under US$500K, the MexiCondo® Plus program is an ideal solution to safeguard your property and personal belongings. With comprehensive coverage that mirrors a U.S. HO-Condo policy, this plan is designed to give foreign homeowners peace of mind while living or vacationing in Mexico.
Why Choose MexiCondo® Plus?
The MexiCondo® Plus program, underwritten by AIG Seguros México and ACE Seguros México, offers unparalleled protection tailored to the specific needs of foreigners who own condos in Mexico. It covers everything you need without the unnecessary extras—like dwelling or “other” structures—making it a cost-effective and streamlined option for expats.
Key Features:
•Special (All Risk) Coverage: Enjoy full protection for your condo’s personal property against a wide range of risks.
•Replacement Cost: Your belongings are covered at their full replacement value, ensuring that you’re not left with out-of-pocket expenses in the event of loss or damage.
•True Theft Coverage: Unlike many policies with tricky exclusions, this one includes theft protection for all your personal property—no exceptions.
•No “Funny” Exclusions: Clear and transparent terms, without obscure or complicated clauses that may leave you vulnerable.
•No Minimum Wage-Based Deductibles: The deductibles are straightforward and not tied to fluctuating local wage rates, offering consistency and predictability.
Robust Liability Protection
One of the standout features of the MexiCondo® Plus program is its comprehensive liability coverage. In the event of a claim against you in Mexico, your insurance provider will defend you and cover any costs—even if the claim is groundless. This type of liability coverage works similarly to U.S. policies, giving you seamless protection whether you’re living full-time in Mexico or using your condo as a vacation home.
Catastrophic Coverage: Protect Against the Elements
Mexico is known for its beautiful landscapes, but it’s also prone to natural disasters. The MexiCondo® Plus program allows you to include catastrophic coverage for earthquakes, hurricanes, floods, and even tsunamis. With this optional protection, all your property exposures are automatically covered for catastrophic losses under the same limits and values listed in the policy’s Property and Valuable Objects Sections. This is especially important in regions of Mexico that are vulnerable to extreme weather events, ensuring that your investment is safeguarded against the unexpected.
Fast and Easy Online Binding
Gone are the days of lengthy approval processes. With automatic binding through an easy-to-use online platform, you can quickly and securely get coverage without needing to submit additional documents for approval. This streamlined process makes it easier than ever to protect your Mexican condo, no matter where you are.
Why Insure Your Condo in Mexico with West Coast Global Insurance Services?
At West Coast Global Insurance Services, we specialize in helping American residents and other foreign homeowners protect their Mexican properties with tailored insurance solutions. The MexiCondo® Plus program provides comprehensive coverage, including catastrophic loss protection and transparent terms that ensure your condo and belongings are well protected.
Protect your condo in Mexico today with the MexiCondo® Plus program—a smart and reliable insurance solution that offers robust coverage for personal property, liabilities, and natural disasters, all under one policy. Contact us now to learn more or to receive a free, no-obligation quote and secure your peace of mind.