Risk Management & Insurance Program for HOA's

Our condo, townhome, and townhouse insurance is slightly different from our home insurance for free-standing houses. In addition to service and policies in English, the following key features make our condo insurance for your Puerto Vallarta condo unique in the market (see below and to right):

  • Hurricane coverage without seasonal restriction
  • Agreed market value for Condos
  • USA lawsuit liability coverage (if sued in US court)
  • No deductible except for catastrophic loss

This homeowners insurance for condos, townhomes and townhouses is not limited to property in Puerto Vallarta. For example, we offer condo insurance in:

  • Acapulco
  • Bahia de Los Angeles
  • Buena Vista
  • Cabo
  • Cancún
  • Costa Alegre
  • Cozumel
  • Guadalajara
  • Guaymas
  • Ixtapa
  • La Paz
  • Loreto
  • Manzanillo
  • Mazatlán
  • Merida
  • Mexico, D.F.
  • Nuevo Vallarta
  • Puerto Peñasco
  • Rocky Point
  • San Carlos
  • San Jose del Cabo
  • San Miguel
  • Tampico
  • Tenacatita
  • Tijuana
  • Todos Santos
  • Tulum
  • Veracruz
  • Zihuatanejo

We offer condo insurance throughout Mexico.

The Novamar Mexico™ Condo Program offers the only insurance product that protects the buyer's investment and lender's interest in the event of partial and total loss. Novamar Mexico™ condo homeowner's policies are underwritten by the top solid financial insurance companies such as AIG, ATLAS, AXA, GMX, SURA and Zurich.

The Novamar Mexico™ condo policy can offer coverage up to the commercial value of the home—not just the condo's contents and interior improvements.

For example, perhaps you paid $500,000 for your condo. The building is destroyed, your condo is uninhabitable, and the association does not have funds to rebuild. Your Novamar Mexico™ condo policy will pay you $500,000 (assuming market value is the same as what you paid) which allows you to purchase a similar home in another building. Without this coverage, you are at the mercy of the condo association and its ability to rebuild. With your provided policy translation in English, you'll have quality coverage and peace of mind.

This coverage is available anywhere in Mexico only for solidly constructed buildings, not for condos with wood ceilings or walls.

All–Risk Coverage

  • Catastrophic coverage: Hurricane (hydrometerological phenomena) and earthquake, available throughout the year
  • USA lawsuit liability
  • Domestic Third Party liability
  • Debris removal
  • Extra expenses
  • Household electronics
  • Electric domestic equipment
  • Theft - authentic
  • Money and securities
  • Glass breakage
  • Assault and/or robbery outside of your home
  • Jewelry and valuable objects
  • Personal clothing while in laundry's/alteration's custody
  • NO DEDUCTIBLE: Only in catastrophic coverage: hydrometeorological phenomena & earthquake
  • Emergency services, such as plumbing, electricity, locksmith, legal assistance and funeral expenses
  • Policies in English and Spanish

What to do if a loss occurs