Homes and condo policies are offered with covered from $5,000 to $1,000,000 with deductibles starting at just $500. (Glass breakage coverage is calculated separately with different limits and deductible. You will see those options as you answer the policy questions.)
Personal property can be insured from $5,000 to $400,000 and deductibles starting as low as $500. (Theft coverage is calculated separately with different limits and deductibles. These options are also available as you customize your quote.)
Extraordinary Expense Loss of Use/Rents Coverage ranges from $1,000 to $100,000. Debris removal ranges from $1,000 to $100,000 max. Civil liability ranges from $100,000 to $1,000,000. (at least $300,000 is recommended)
As you fill out your quote, you will see that deductibles can be as low as just $500 all the way up to $20,000 so you can modify accordingly to your individual needs. You can also choose to have separate deductibles for personal property, theft, glass, and dwelling.
You can purchase optional coverage for catastrophic events like an earthquake and volcanic eruptions. They have separate deductibles and coinsurance amounts that vary by location. You can also purchase hurricane, windstorm, flood, tidal wave, and hail coverage, however, there is a 15 day waiting period for this. It is available for coastal beachfront properties.
Grupo Nacional Provincial (GNP) has been a top provider of insurance in Mexico for over 100 years. GMP holds a A- rating from A.M. Best’s Global Service Rating.
GNP’s policies offer replacement value coverage for your home and personal belongings. They will reimburse you for the cost to rebuild and replace your belongings.
Yes. Debris removal is included in the policy and there is no separate deductible for that. Debris removal limits vary from $5,000 to a maximum of $100,000. You can adjust it as you answer your policy questions to see how it affects your rate.
The replacement and installation of any broken glass is an option you can choose in your policy. It has minimum limits of $1,000 and a maximum limit option of $95,000. To calculate the amount of coverage you need, consider the size of your home and how much glass you currently have and what that would cost to replace. Note that in order to be covered, the glass in your home must be a minimum of 4 millimeters thick.
Condominiums and townhomes usually need insurance coverage for personal property inside the home and interior walls only because most condo associations have bylaws that cover the exterior. Check with your homeowner’s association for details.
You can file a claim by calling GNP at (686) 566-1056 in Mexico. Be sure to have your policy available before you call.
Have additional questions? Contact us for more information. We’re happy to help.