Mexican Homeowners Insurance Comparison

The following is a simple table outlining the differences between our Mexican Home Insurance and products offered by others. It is important to know what is available and what is on offer before you proceed. We have done the best to create a product that is easy to understand and is as close to what you expect from home insurance as possible.

Coverage DriveMex.com Home Insurance Other Mexico Home Insurance Policies
Insurer ACE Seguros, Member of Multinational ACE Group, rated A+ Vary from rated to unrated
Agent of Record Buy direct through DriveMex.com Must work directly with local agent in Mexico
Policy Form Broad, Easy to read U.S. style Coverage Forms (HO-3, HO-5) Limited, Inferior Coverage Forms/Difficult to Understand
Dwelling & Contents All Risks / Open Perils coverage available Named Perils customary
Deductible Options Low FIXED deductibles available High, confusing PERCENTAGE deductibles customary
Loss Settlement Replacement Cost available for both Dwelling & Contents Actual Cash Value customary
Hurricane & Earthquake Coverage Available with fixed deductibles and lower co-payments Not always available/high deductibles and co-payments
Electronic Equipment Included in Personal Property Limits Limited Coverage and Special Exclusions for Electronic Equipment
Liability Coverage Easy to Read U.S. Style Coverage forms up to $1 million Inferior Coverage Forms/Difficult to Understand
Renters Liability Included Only by expensive endorsement
Loss of Rental Income 20% of Dwelling Value up to 12 Months Not included or limited to 4-6 months
Homeowners Defense Unlimited 50% of the Liability Limit
Increased Limits on Special Property Available Not Available or subject to many exclusions

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