AMERICAN STANDARDS OF INSURANCE COVERAGE
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.
MexiHome is a breakthrough product within the Mexican Insurance Market. This is a Homeowners Insurance Policy underwritten by AIG Mexico 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!
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:
A. 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.
B. Other Structures: Covers your other detached structures, such as Garages, Pool Rooms, Cabanas, Equipment Rooms, etc., all at their Replacement Cost.
C. Personal Property: Your personal belongings will be covered anywhere in Mexico. Property owned by your guests or employees will also be 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.
D. 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!
E. Mexican Liability: MexiHome allows you to select limits of liability up to USD $2,000,000 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.
F. Medical Payments to Others: In order to reduce potential lawsuits you will be automatically entitled to spend up to $1,000.- 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.
III. CATASTROPHIC COVERAGES:
IV. SCHEDULED VALUABLE OBJECTS COVERAGE: