Mexican Homeowners Insurance
Property coverage for your home in Mexico
Dwelling, contents, and liability coverage for homes, condos, and rental properties owned by US and Canadian citizens in Mexico.
Mexican homeowners insurance is a property policy issued in Mexico that covers your home or condo against fire, storms, theft, and liability claims. If you own property in Mexico — full-time, part-time, or as a rental — ask your US or Canadian insurer in writing whether your home policy covers it before you rely on it; Baja Bound sells homeowners and renters policies from HDI Seguros for houses, condos and rentals (bajabound.com/insurance-info/homeowners). This page covers what's included, the natural-disaster exposures specific to Mexican property, and how to get a policy online.
Read the full Mexican homeowners insurance buyer’s guide →
See also: Mexico Renters Insurance · Mexico Condo Insurance
What homeowners insurance covers
- Replacement value for your home, other structures and belongings against fire, explosion, water damage, vandalism and falling trees
- Replacement value for theft with signs of force of personal belongings
- Liability for damages and injuries to others, and liability for domestic workers
- Loss of rental income for up to 3 months
Source: Baja Bound's homeowners page (bajabound.com/insurance-info/homeowners), which describes the HDI policy.
What's not covered
- Earthquake and volcanic eruption, unless you add the optional catastrophic cover
- Hurricanes, windstorms and floods (hydro-meteorological events), unless you add the optional catastrophic cover
Source: Baja Bound's homeowners page (bajabound.com/insurance-info/homeowners).
What a Mexican homeowners policy is built to cover
The core of the policy is the dwelling itself: the structure, the permanent fixtures, and the parts of the property that cannot be picked up and carried away. Around that sits cover for personal contents, and liability protection for injuries that happen on your property.
For owners who rent the property out, loss of rental income is a meaningful addition. If a covered event makes the home unlettable, the policy can address the income gap rather than only the repair bill.
What sits outside a standard policy is worth knowing just as clearly. Baja Bound's homeowners page lists earthquake and volcanic eruption, and hydro-meteorological events (hurricanes, windstorms and floods), as optional catastrophic coverage (bajabound.com/insurance-info/homeowners); ask about any other exclusion before you buy, because they catch people who assumed cover was broader than it is.
The exposures that are specific to Mexican property
Two risks deserve their own conversation, because they are where Mexican property insurance genuinely differs from what North American owners are used to.
Hurricane and storm cover is not automatic. Baja Bound's homeowners page lists hurricane, windstorm and flood (hydro-meteorological) cover as an optional coverage, so ask for it when you buy.
Earthquake is the one to pay attention to. It is offered as an optional rider rather than included by default. For property in earthquake-prone areas, declining that rider is a decision rather than an oversight, and it should be made deliberately.
What actually drives the price of a Mexican homeowners policy
There is no single average premium for a Mexican homeowners policy, and any figure presented as one is describing a property that is not yours. What can be described precisely is the set of things the quote is built from, because these are the inputs an insurer actually asks for before it prices anything:
Postal code. Location drives exposure more than any other single input. Coastal, seismic, and inland properties are not priced alike.
Approximate size of the home. The starting point for what it would cost to put the structure back.
Structure replacement value. Baja Bound's homeowners page says the HDI policy pays replacement value for your home, other structures and belongings (bajabound.com/insurance-info/homeowners); ask Baja Bound how to set the sum insured.
Value of your belongings. Furnishings, electronics, appliances, and personal property, assessed realistically rather than by rough guess. In a furnished second home this number climbs faster than people expect.
Construction materials. Wood and light-construction elements are rated differently from masonry and concrete.
Number of stories. Part of how the structure itself is assessed.
Proximity to water. Distance from the coast or from other water features changes the storm and flood picture directly.
If you want a number rather than a range, those seven inputs are what produces it, and supplying them accurately takes a few minutes. A quote built on a guessed replacement value is not really a quote.
Full-time, part-time, and rental use are three different conversations
How the property is used changes what the policy needs to do. A home lived in year-round, a place occupied a few months a year, and a property let to paying guests each carry a different risk profile, and each should be described accurately rather than simplified.
Occupancy is the detail most often glossed over. A house standing empty for long stretches is not the same insurance proposition as one that is continuously occupied, and a property hosting short-term guests is different again. None of these makes a property uninsurable. All of them make the description you give at quote time matter.
What to have ready before you request a quote
Getting a useful quote is quick when the numbers are in front of you. Have the postal code, a realistic rebuild cost for the structure, an honest figure for contents, and a clear description of how the property is used and how it is built.
It is also worth doing something most owners never get round to: a photo inventory of the contents, and receipts for significant upgrades where you still have them. It makes the contents figure defensible rather than approximate, and if a claim ever happens it turns a reconstruction exercise into a straightforward one.
All risks or named perils
An all-risks policy covers every cause of loss except the ones it excludes, so you work from what is excluded rather than what is included. A named-perils policy covers only the specific events it lists. Ask the seller which shape the policy you are quoted takes, and read the list before you buy.
How to get covered
- 1Enter the property address, value, and use (primary, vacation, rental).
- 2Pick coverage limits and consider an earthquake rider.
- 3Pay online and receive your policy.
Your Mexican home deserves a Mexican policy.
Get a QuotePlanning a longer trip?
Insuring a property in Mexico works differently from insuring one at home. These guides cover what it costs and who actually sells it.
Frequently asked questions
Can my US or Canadian homeowners policy cover my Mexican property?
Ask your insurer in writing before you rely on it. Baja Bound sells a Mexican policy from HDI Seguros for houses, condos and rentals in Mexico (bajabound.com/insurance-info/homeowners).
Is earthquake coverage included?
It is offered as an optional rider rather than included as standard. In earthquake-prone areas it is worth considering.
Does the policy cover hurricanes and tropical storms?
Not automatically. Baja Bound's homeowners page lists hurricane, windstorm and flood (hydro-meteorological) cover as an optional coverage, so ask for it when you buy.
Are rental properties covered?
Yes, and cover for loss of rental income is available for properties that are let. If you list the property on a short-term rental platform, say so at quote time, because it changes both the liability picture and the occupancy profile.
What does a Mexican homeowners policy cost?
There is no meaningful average, because the premium is built from the property's location, rebuild cost, contents value, construction, and how it is used. Two houses on the same street can price very differently. Get a quote from Baja Bound for your property.
How do I value the structure for the policy?
Baja Bound's homeowners page says the HDI policy pays replacement value for your home, other structures and belongings (bajabound.com/insurance-info/homeowners). Ask Baja Bound how to set the sum insured for your property.
Related articles
What Does Mexico Renters Insurance Cover
A plain-language guide to what Mexico renters insurance covers, what it leaves to the landlord, and what renters forget to count before they quote.
Read more →Renters Insurance for Mexico Condo Rental
Why renters insurance matters when you lease a Mexican condo or home, and what a tenant policy covers that the landlord's doesn't.
Read more →Mexico Renters Insurance vs Landlord Coverage
What the landlord's policy covers and what it does not. Your belongings, your liability, and the gap a tenant can find out about too late.
Read more →HOA Insurance in Mexico What It Covers
What a Mexican HOA policy covers in the common areas, what it leaves to each owner inside the unit, and the documents to ask for before you buy.
Read more →Why trust SmartGringo
Independent
SmartGringo is a Mexico-resident-run review site. We compare Mexican insurance products and earn affiliate commission when you buy. We don't sell insurance ourselves — we recommend it.
Who sells the policy
Insurance through Baja Bound Insurance Services, Inc. (CA License #0D25373), IMG Global, and TME Travel Insurance. We refer you; they sell and service the policy.
Edited from Rosarito
SmartGringo is edited from Rosarito, Baja California. The newer guides are written by the founder, who lives there; older posts came from outside contributors.
Looking for something different?
Mexico Renters Insurance
Renters insurance for Mexican apartments, condos, and rental homes — protects what's yours, not the building.
Learn more →Mexico Condo Insurance
Condo-specific cover for Mexican units — fills the gap between the HOA master policy and your interior.
Learn more →Mexican Auto Insurance
Short-term Mexican auto insurance, with terms from one day to annual, issued online.
Learn more →