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hero icon MEXICO HOA MASTER POLICY

The best Mexico HOA Master Policies understand risk and contingencies

Homeowners master associations in Mexico expect and deserve the best service for their maintenance fee. To that end, Novamar provides 30 years of specialized risk management service experience and a partner to help you navigate rough waters.

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The Novamar Advantage
for HOA Master Policies in Mexico

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Best service for maintenance fees including the payment of the building/HOA association policies to protect towers and communal areas

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Specialized risk management services with the commitment to work as a permanent consultant

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Focus on condominium safety and risk management to avoid and control hazards

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Preparation for natural phenomena including the development of contingency plans

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30 years of experience working with finance officers and risk managers of international corporations with beachfront risks

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Negotiations with the best underwriters who can meet the master association and Novamar’s requirements in financial strength, claims, and customer service

With offices in the US and in Mexico, Novamar is always at your service.

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With offices in the US and in Mexico, Novamar is always at your service.

Our Mexico office is fluent in English and Spanish, assuring a familiar voice when you need it most.

USA/CAN Line 949 274 4111
MEX Line +(52) 322 297 6440

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This unique and exclusive policy in the market, created by Novamar in Mexico, protects the Homeowners' Association Board and the Administration Staff for errors and omissions in case they are sued.

Legal expenses included: The insurance company will assign the lawyer who will act in your defense. With this product the insurance company (GMX Seguros) agrees to pay the compensation that the Insured owes to a third party as a consequence of the Professional Civil Liability coverage, the damages comprise the loss or impairment of the assets of the Insured clients (Condo owners) caused by malpractice, inexperience or negligence, and the deprivation of any consequential lawful gain to the loss or damage of such assets.

*This policy excludes the countries sanctioned by the OFAC (Office of Foreign Assets Control

Top-Rated Underwriters

HOA Master Policy FAQs

HOA (Homeowners Association) is the master policy of the building and common areas, it covers direct damage caused by any sudden, accidental or unforeseen event that is not expressly excluded in the policy.
Hurricane, hail, frost, flood, sea surge, storm surge, stormy winds, among others.
Each of the coverages works differently and we can have the same element covered in several of them; In the event of a fire, the coverage that applies is “Contents” to cover or compensate the damages, however in the event of an operator's lack of expertise we can use the “Machinery Breakdown” coverage; in the same way, if the damage is an electronic component, we can use the coverage of "Electronic Equipment"
Novamar HOA experts will guide you in establishing the correct replacement value for the contents of common areas and for buildings and exterior construction.
Damages to third parties when caused by the building's own activity. (For example; When someone slips inside a common area and is injured, it can be considered Civil Liability)
Damages that may be caused between condominium owners (For example, a water leak that damages the neighboring unit)
When a supplier or external worker of the condominium causes harm to a third party when performing the tasks for which he was hired (For example, if the person hired to maintain the palm trees, were to damage a vehicle while carrying out his work).