Insurance for Condominiums and Townhomes in Mexico

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Insuring your Condo or Townhome

To obtain a quote for your condo or townhome, you will need to fill out the insured contact information section of our Mexico Home Owners quote form. Next, under the Property Details section, the first field will request the 'Property type'. Click the dropdown arrow and choose "Condo/Townhome."

Mexico Condo/Townhome Coverage

Mexpro's condo unit/townhome policy includes contents, liability, and at least $25,000 coverage for the dwelling itself.

Condominium and townhome policies differ from single-family homeowners insurance policies. Dwelling coverage on a condo/townhome policy, unlike a homeowners policy, only covers the interior walls, alterations made to the dwelling and fixtures inside the home. This can include: cabinets, countertops, floor coverings, bathroom fixtures, hot water heaters, appliances, etc.

Similar to the US and Canada, your condo association's bylaws and/or covenants determine how your unit should be insured, based on the insurance coverage that the Association itself carries.

Most condo associations have a 'master policy,' and this generally covers the exterior shell of the building and not the interior, but you need to check and understand this policy before you determine which portion of the dwelling you need to insure.

MANY condo associations in Mexico do not carry insurance on the building. This means you would assume responsibility for repairing any damage to your portion of the building. Our policy addresses this by offering at least $25,000 coverage for the dwelling itself.

Do you rent out your condo? Our policy also covers rental liability and loss of rents.

Contents Only Coverage

Contents only policies are designed for renters, who have no financial interest in the rental units they occupy, but who need coverage for their personal belongings.

In rare instances, for example, if the condo association's master policy sufficiently covers your unit's interior structural items-you may want contents only coverage.

If you need coverage for the contents only, Mexpro has a competitive All Risk Coverage for your contents, including replacement cost for theft.

Personal Property Coverage

Personal property coverage includes furnishings, appliances, electronic equipment and other contents.

GNP has 'sub-limits' on personal property, which state the maximum dollar amount the insurer pays for certain items. If the value of these items is higher than the sub-limit, you may wish to add an endorsement to the policy, to purchase additional coverage. This typically requires itemizing with purchase receipts or appraisals. Expensive jewelry and artwork are examples of items where an endorsement is requested.

Minimum Deductibles

The minimum allowable deductibles for condominiums and townhomes are $500 USD for dwelling (building) and $1000 USD for glass coverage.

Provided By

One of Mexico's top insurers, Grupo Nacional Provincial has a long history of comprehensive, affordable coverage and prompt claims settlements. This product is only available through Mexpro.

Claims

Report your claim if you have a loss to your property which exceeds your deductible by calling our toll free number 01-800-400-9000, or from the U.S./Canada you can call 011-52-555-227-9000. Follow the instructions provided in your terms and conditions or call us at 855-MEXPRO1.

Exclusions

We cannot insure multi-family dwellings, including duplexes, triplexes, etc. Nor can we insure commercial risks: apartment buildings, bed & breakfasts, etc. Please call us (1-855-Mexpro1) if you are unsure if you qualify.

Mexpro cannot offer coverage in the Yucatan Peninsula, which includes the Mexican states of Campeche, Quintana Roo, Yucatan.