Mexican Car Insurance While In Mexico
First of all the Mexican government will not recognize a United States or Canada insurance policy. The only proof of financial responsibility that will be recognized by the Mexican officials is an insurance policy purchased from a Mexican insurance company. By Mexican law you are required to provide proof of financial responsibility when driving in Mexico. You should purchase your Mexican car insurance before you arrive at the border.
Please do your research and study all of the available material. A wide variety of coverages and plans are available to buy online. You can purchase a policy for as short as one day or as long as one year; many insurance companies will provide you with a discount if you purchase a longer period of time. Now, that might not be useful for you if you do not plan on returning during the next three hundred and sixty-five days, but if you do plan on returning it can be a big savings.
A wide variety of coverages and plans are available to buy online, that means that you should do your research and study all of the available material. Now, that might not be useful for you if you do not plan on returning during the next three hundred and sixty-five days, but if you do plan on returning it can be a big savings, because you can purchase a policy for as short as one day or as long as one year, and many insurance companies will provide you with a discount if you purchase a longer period of time
Many insurance companies will use split limits, because it is a way to reduce payouts in the event of a claim. Because claims for pain and suffering are rare in Mexico most of the coverage should be for property damage. Coverages provided by split limits will reduce the amount of property insurance available. You would be wise to purchase a combined single limit policy.
Coverages provided by split limits will reduce the amount of property insurance available. Be certain to purchase a combined single limit policy. Many insurance companies will use split limits, it is a way that they use to reduce payouts in the event of a claim. Because claims for pain and suffering are almost unheard of in Mexico most of the coverage should be for property damage.
Without both legal aid and travel expense coverage you will be paying for all of your own legal expenses until liability is determined, and that could be some time depending on the circumstances of the accident. These are really essential coverages.
Do some research and make sure that you are getting the coverage that you need, because it is and awful lot cheaper to pay more for the right coverage than to buy a cheap policy that doesn’t offer the protection that you need. There are many different companies that offer policies that can be purchased online, with a simple three step process. The famous quote, buy, print.
You know why they are called accidents: because nobody wants to have one. Accidents do happen, but you can minimize their effect on your life by having the right insurance.
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C K Smith on July 4th 2010 in Car Insurance