Whether it is our primary residence or a secondary home, a home is one of the largest investments we make. Thus protecting that investment from unforeseen damage or destruction becomes one of our most important decisions.

Deciding how best to protect that investment, whether it is your home in the U.S., Canada, or Mexico requires an informed decision. In this and subsequent sections we will provide information to help you make that informed decision whether you own a beachfront home in Jalisco, a house in lake Chapala, a condo in Rocky Point, or a mansion in the Yucatan..

The selection of a policy should be based on three important considerations:

• The coverage provided by the policy, including the perils and conditions covered and the amount of insurance purchased.
  
  From mid 2009 through early 2011 we worked closely with ACE Seguros-México to create flexible choices for a very comprehensive home insurance policy. While policy conditions vary
  from country to country, we have developed a policy that is more like the typical U.S. homeowners policy and broader than any other policy available in Mexico.

• The financial strength and reputation of the insurance company
  
  ACE Seguros is the Mexico affiliate of multi-national ACE, Ltd., formerly CIGNA Property & Casualty. ACE, Ltd’s financial rating by A.M. Best & Co. is A+, or “Superior,” the highest possible rating.
  
  A.M. Best's Financial Strength Rating is an independent opinion of an insurer's financial strength . . . in other words, its ability to meet its ongoing insurance policy contract obligations. The rating is based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance, reinsurance arrangements, and business profile.

• The cost of the policy.
  
  We have carefully compared price and coverage with similar policies offered by other insurers in Mexico, resulting in the best coverage for the price.

The ACE Seguros policy is the most flexible policy available, allowing customers to pick and choose from a variety of coverage options.

And, we have greatly simplified the buying process by developing technology that allows you to quote, purchase, and print your policy on-line.

Having said all the above we must point out that the Homeowners insurance is much more complex than an Automobile insurance. This is because determining your precise insurance needs involves many more variables, thus requiring a little more time to understand your specific insurance needs.

This ACE Seguros Homeowners policy is divided into two general parts: Property coverage and Liability coverage.

In terms of the Property insurance policy form, we offer coverage for two types of living accommodation: single family homes and condominiums.

Property Coverage is offered in two options. One form, “Named Peril” is much narrower in coverage scope and consequently costs less. The other form, “All Risk” is much broader in coverage scope and consequently costs more. Both “Named Perils” and “All Risk” policy forms include coverage for personal Liability.

Options are also available for catastrophic natural phenomena like earthquake, volcanic eruption, and weather related perils such as hurricane, flood, and tidal wave.

In making your buying decision we hope you will keep this age old insurance saying in mind:

“The bitter taste of a bad claim experience lasts much longer than the sweet taste
of an inexpensive policy.”

For more detailed information please see Policy Details.

Information about a few other features of the ACE Seguros policy follows.

Territory – This policy only applies to losses that occur within the Republic of Mexico and, when necessary or appropriate, within the judicial system in Mexico. All claims must be reported to the insurance company in Mexico. There is no coverage for any losses, claims, or litigation brought by you or against you in any jurisdiction except Mexico.

Currency – The monetary denominations expressed in the policy, including the premium, policy fee, taxes, and the limits of liability for coverage are in U.S. dollars. The company reserves the right, as appropriate, to pay for repairs or settle liability claims in the equivalent of Mexican pesos.

In the event of a total loss, at your request, the company will make payment in U.S. dollars.

Mortgagee Clause – If you have a mortgage on your home in Mexico and if the mortgagee demands to be named on the policy, any payable loss for building coverage will be paid to the mortgagee and the insured jointly, in accordance with the interests of each. As in the U.S. and Canada, the mortgagee will be notified by the insurer in case of policy cancellation or non-renewal.

Self Service – We have developed this Homeowners product on-line to be self service. You can obtain your quote, compare various coverage and pricing options, select the type of coverage that best meets your needs, complete the application, purchase, and print your policy, all on-line.

Of course, we are available to help you through the process. This can best be done via a pre-arranged telephone call. It will facilitate the process if you have all the necessary information at hand. Here is a list of information you will need.

WHAT INFORMATION DO YOU NEED TO OBTAIN A QUOTE?

Before you start, click here for a checkllist of information needed to obtain an accurate online quote. To get your quote and issue your policy online, click here: Homeowners and Condos

We hope you find this and the accompanying sections informative. If you have questions or need help, please email us. If you wish to call, please email us to set up an appointment.

Click here to get a homeowners insurance quote
and to purchase and print your policy online!