This guide is prepared to assist in filling out the application for a quote, online through NFP/IIG and GNP at mexinsurance.com.
| Question/Section | Description |
|---|---|
| Primary Insured | The name should match what is listed on the title/deed to the property. Do not enter more than one entity’s name. Mexico law recognizes married couples as one entity so list either of the married party’s names as long as they are listed on the title. |
| Preferred Beneficiary Endorsement | This is required to add additional named insureds, co-owners, trusts, lienholders, etc |
| Property Type | Eligible: Single Family Homes, Condos/Townhomes Not Eligible: Multi-family dwellings (duplex, triplex, etc) or commercial property (apartment buildings, bed & breakfast, etc) |
| Postal Code | Find your property postal code at geonames.org |
| Construction Quality | see table below |
| Economic | Intermediate | Quality | Deluxe | |
|---|---|---|---|---|
| Exterior | Stucco, Vinyl Paint | Brick | Stone Facade | Marble, Polarized Glass |
| Floor | Tile, Vinyl Tile | Low Quality Carpet | Quality Carpet, Ceramic Tile | Marble or Granite, Fine Rugs |
| Walls | Stucco, or plaster and paint | Knockdown, Vinyl Paints, Wallpaper | Decorative Plaster, Good Quality, Ceramic or Wood Trim | Imported Wood Trim, Upholstery Fabrics, Mirrors, Textured Plaster |
| Bathrooms | Minimal and Austere | Medium Quality White Fixtures, Tile | Glazed Ceramic Coatings, Marble colored Fixtures, Marble, Granite | Imported and Decorated Ceramics, Quality Mirrors, Textured Plaster |
| Window Frames | Thing Gauge Glass | Double Pane | Two Inch wide Aluminum Frames | Greater Than Two Inch Wide Aluminum Frames |
| Door Locks | Common | Medium Quality | High Quality or Imported | High Security Plates, Imported, Controlled Key Reproduction, Digital system or Magnetic Access |
| Carpentry | Simple Doors and Closets, Pine or Equivalent | Varnished Pine Wood | Imported or Exotic Woods (Cedar, Mahogany, or Similar) closets with Quality Fittings | Fine Wood Doors, Specialty Designed Closets, Fine Wood, High Quality Fittings |
| Primary Use | Choose either Owner Occupied or Rented to Others – no difference in cost but Rented to Others will automatically add coverage for Loss of Rental Income and Rental Liability |
| Theft Prevention Measures | Discounts: Controlled Access with 24-hour Security: 10% Certified Central Alarm System: 15% Both: 24% None: – |
| Building Replacement Cost | This never includes the value of the land. Replacement cost is based on the estimated cost to rebuild the structure (materials and labor) |
| Glass Breakage Coverage | The limit should be based on the cost to replace all exterior and interior glass, including sliding glass doors, windows, glass block, mirrors, stained glass, etc. |
| Loss of Use | Reimbursement for up to 6 months of lodging expenses or loss of rental income |
| Debris Removal | Coverage for the expense of demolition, clean up and disposal |
| Value of Personal Property | Include the value of furniture and furnishings, appliances, electronic equipment, and other contents. |
| Theft Coverage | Select the portion of personal property to be covered. Example coverage for electronics, jewelry, and artwork. Jewelry and art have $1,000 sublimity so more expensive items require a special endorsement |
| Liability | We recommend at least $300,000 for liability but if you are renting out your property you might consider more. |
