At Novamar "It's About You, Our Client"

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Are you the property owner?
Or are you renting?
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Type of property structure
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Type of construction of the property
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Is the property less than 500m from the ocean or a river or lake? *
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Would you like to insure damages for Hydrometeorological Phenomena?
Would you like to insure damages for Earthquake and Volcanic eruption?

Hydrometeorological Phenomena

This includes Hurricanes, Tropical storms, Strong winds, Hail, Flooding and heavy rain, and Lightning.

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Would you like to remove coinsurance?

Coinsurance

Coinsurance is the percentage of the cost of covered damages that you pay after you have met your deductible. For example, if your coinsurance is 20%, and the damages costs $100, you pay $20 and your insurance company pays the remaining $80. This cost-sharing continues until you reach your annual out-of-pocket maximum.

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What would be the cost of replacing the building and contents?

Building replacement cost + Content value = Insured value

(Higher contents cost will be reflected in premiums)

Building Value

Contents Value

Property value vs. insured value

Property value (or market value) is the amount a property would sell for on the current real estate market, including the land value. Insured value (or replacement cost) is the amount it would cost to completely rebuild the structure from scratch at today's material and labor prices, which excludes the land value.

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GMX Novamar MX Renters
Building Replacement Cost of building replacement including materials and labor, but not land value.
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Contents Cost of contents replacement
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Liability Injuries, fatalities and property damage to others
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Employe Liability Injuries, fatalities and property damage to others
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Extra Expenses Injuries, fatalities and property damage to others
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Robbery Injuries, fatalities and property damage to others
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Electrodomestic Equipment Injuries, fatalities and property damage to others
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Glass Injuries, fatalities and property damage to others
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