Background on the Asociación Mexicana de Instituciones de Seguros (AMIS)
The Asociación Mexicana de Instituciones de Seguros (AMIS) is a prominent organization in Mexico that represents various insurance companies. AMIS plays a crucial role in coordinating and providing information on insurance claims, especially during natural disasters. Its members cover a significant portion of the Mexican insurance market, making its reports highly relevant for understanding the impact of weather events on individuals and businesses.
Damages from Recent Heavy Rains and Flooding
As of October 24, AMIS reported that the number of claims due to heavy rains and flooding in Veracruz, Puebla, Hidalgo, San Luis Potosí, and Querétaro had reached 4,008. The estimated damages amounted to approximately $120.6 million.
Types of Claims
- Property Damage: 62% (2,478 claims) of the total were property damages, accounting for $995 million in losses.
- Vehicle Damage: The remaining 38% (1,530 claims) were related to vehicle damages, with insurance policy amounts exceeding $211 million.
Most Affected States
Veracruz, Puebla, Hidalgo, San Luis Potosí, and Querétaro were the most affected states due to a low-pressure system in the Gulf. The percentage of insured homes in these states ranged from 15% to 35%, with Veracruz and Puebla having the lowest insurance coverage for homes.
In terms of auto coverage, San Luis Potosí, Veracruz, and Hidalgo have protection rates below the national average of 33%. However, Querétaro and Puebla lead the nation with 48% and 49% of their vehicles insured, respectively.
AMIS’s Response and Recommendations
In response to the damages caused by heavy rains and flooding, AMIS’s General Director, Norma Alicia Rosas, stated that insurance companies have relaxed administrative protocols for processing auto claims.
AMIS is actively coordinating with authorities to ensure swift assistance for those affected, emphasizing that the removal of debris by authorities does not affect insurance coverage as initially contracted.
What to Do If You’ve Been Affected by the Rains
Previously, AMIS’s Director advised individuals living in affected areas to report any damages immediately to their insurance provider to initiate the claims process.
- Report Damages: If you’ve been affected, report the damages to your insurer without delay.
- Debris Removal by Authorities: If authorities handle debris removal, it does not impact your insurance coverage as per the terms agreed upon.
- Document Damages: Take photos of the damages if possible and safe, to expedite the claims process.
- Towing Services: If using a tow truck, ensure the company is authorized and keep records of their services.
Key Questions and Answers
- What is AMIS? The Asociación Mexicana de Instituciones de Seguros (AMIS) is a leading organization in Mexico that represents various insurance companies, playing a vital role in coordinating and providing information on insurance claims.
- Which states were most affected by the recent rains? Veracruz, Puebla, Hidalgo, San Luis Potosí, and Querétaro were the most affected states.
- What types of claims have been reported? The majority of claims (62%) were for property damages, while 38% were for vehicle damages.
- How has AMIS responded to the situation? AMIS has relaxed administrative protocols for processing auto claims and is coordinating with authorities to ensure swift assistance for those affected.
- What should I do if I’ve been impacted by the rains? Report damages to your insurer immediately, document any damages if safe and possible, and ensure towing services are authorized.
