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Annual Premium
At Novamar "It's About You, Our Client"
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© 2026 Novamar Insurance Mexico is a subsidiary of Novamar Insurance Group, Inc.
All rights reserved. Privacy Policy
When buying your Insurance policy through the website of MGI Agente de Seguros, S.A. de C.V., (Novamar Insurance Mexico) www.novamarinsurance.com.mx, you agree that the policy will be delivered via email to the email address you have provided on this form in PDF format, along with the General Conditions and the Instructions of What to do in Case of Accident, immediately after your payment with your credit card has been approved. Also at the end of your transaction you will have the option to display or download the above mentioned documents on your computer. Policies can be purchased up to 30 days before the inception date of coverage.
The coverage limits of your policy has been displayed along with the explanation on the screens. The General Policy Conditions and Instructions to do in case of Accident are also available for viewing on these screens during the buying process.
You can request, at any time, during the term of your policy, an extra copy of your policy by contacting Novamar Insurance Mexico via telephone by calling
949-274-4111
from the United States and Canada. We will gladly send it to you by email.
If you want to cancel your policy, theprocess is as follows:
This cancellation policy is based on each underwriting guidelines given by the insurance company per product.
Changes in Policy: Any change requested must be sent via email to info@novamar.net. Any change request that does not increase the risk in your policy and your premium such as change of address of the insured, a change in the owner's name, including a change in the beneficiary can be accepted. The endorsement will be sent to you by email. Any changes that modifY the risk and the premium of the policy, such as change of vehicle, vessel, property in Mexico or days of travel, will have to be submitted by email to info@novamar.net. One of our representatives will contact you.
For questions or more information please contact us at the following numbers: 949-274-4111 from the United States and Canada. Via email: info@novamar.net.
Al comprar su Póliza de Seguros a través de la página de internet de MGI Agente de Seguros, S.A. de C.V., www.novamarinsurance.com.mx, usted acepta que la póliza se le entregará vía correo electrónico a la dirección de correo que usted ha proporcionado en esta solicitud, en formato de PDF, junto con las Condiciones Generales y las Instrucciones de qué hacer en Caso de Accidente, de manera inmediata una vez que su pago con su tarjeta de crédito ha sido aprobado. Así mismo al final de su transacción usted tendrá en pantalla la opción de descargar en su computadora los documentos antes mencionados. Las pólizas pueden ser compradas hasta 30 días antes de inicio de vigencia. Las coberturas de su Póliza han sido presentadas en las pantallas de esta solicitud así como su explicación. Las Condiciones Generales de la Póliza y las Instrucciones de qué hacer en caso de Accidente han estado también disponibles en estas pantallas desde que usted inicio el proceso de compra.
Usted puede requerir copias extras de su Póliza contactando a MGI Agente de Seguros en sus oficinas vía telefónica llamando 949-274-4111 desde los Estados Unidos y Canadá. Con gusto se la enviaremos por correo electrónico. En caso de querer la Cancelación de su Póliza, ésta se podrá realizar de la siguiente manera:
Cambios en su Póliza: Toda solicitud de cambio deberá enviarse vía correo electrónico a info@novamar.net. Cualquier cambio que no aumente el riesgo en su póliza y su prima tales como cambio de dirección del asegurado, cambio en el nombre del propietario, incluir o cambiar el beneficiario preferente puede ser aceptado. Estos no tendrán costo alguno y el endoso se le enviará a su correo electrónico. Cualquier otro cambio que modifique la prima de seguro, tales como cambio de vehículo, embarcación, propiedad en Mexico o días de estancia en Mexico para pólizas de Seguro de Viajero, deberán de solicitarse a info@novamar.net y uno de nuestros representantes se pondrá en contacto con usted para solucionarlo.
Para cualquier duda o mayor información favor de contactarnos al siguiente teléfono: 949-274-4111 desde los Estados Unidos y Canadá. Vía email: info@novamar.net
Property owners in Mexico typically choose between three valuation methods:
Commercial Value
Coverage is based on the property's purchase price. This option is commonly used for condominiums, particularly when there is no HOA master policy covering the reconstruction of the entire complex in the event of a total loss. It is a good way to ensure the property if the owner is worried about losing their investment.
Reconstruction Value
Coverage is based on the cost to rebuild the structure. This option is typically recommended for standalone homes or townhouses, where the owner already owns the land and wants to insure the reconstruction of the building itself. Here you can select a sum insured with sufficient funds to fully reconstruct the property in the event of a total loss.
Risk Value
Depending on the exposure of the Standalone/Townhouse, this type of coverage allows the owner to insure the property for a lower amount then the reconstruction value, which is suitable for owners that considered a total loss is unlikely to happen due to the location of the property, or when the owner has an apartment in a Condominium Complex that has an HOA master policy to rebuild the entire building in case of catastrophic event.
First Risk basically means you don’t insure the property's reconstruction value or its commercial price; you only contract for a lower sum insured for minor structural damages. And since the deductibles for catastrophic coverages (such as Hydrometeorological Phenomena and Earthquakes) are calculated as a percentage of the sum insured, choosing a lower insured amount will also reduce your deductible and the total premium of your policy.
If you need personal guidance, don't hesitate to get in touch with us at home@novamar.netCoinsurance represents the portion of a loss that the property owner must pay after the deductible has been applied to a claim. It is essentially a second participation of the insured when damage is caused by either hydrometeorological phenomena or an earthquake.
Coinsurance is calculated based on the amount being claimed after the deductible has been subtracted.
At Novamar, we now offer a New Benefit that allows you to pay an additional premium to eliminate the coinsurance. This means that, in the event of a covered loss due to hydrometeorological phenomena or earthquake, you would only be responsible for paying the applicable deductible, resulting in a higher payout of your claim.
Mudslide / Landslide – Movement of mud or earth caused by heavy rain or flooding.
Hail – Frozen precipitation falling in the form of ice pellets. This coverage includes damage caused by hail impact and blockage of rainwater drainage systems.
Frost – Damage resulting from an unexpected drop in temperature, causing water to freeze at the location where the loss occurs.
Hurricane – A large-scale atmospheric system characterized by intense circular winds around a low-pressure center, occurring over land or water, with sustained wind speeds of 118 km/h (74 mph) or greater, as officially recognized by authorities.
Flood – The temporary and accidental covering of normally dry land by water due to overflow, diversion, underflow, or rupture of rivers, lakes, reservoirs, canals, or other natural or artificial bodies of water.
Ocean Surge (Tsunami) – A violent displacement of sea water caused by a seabed disturbance, propagating toward the coastline and potentially resulting in flooding.
© 2025 Novamar Insurance, Inc.