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If you are planning to drive to Mexico it is important to have insurance to cover your travel, as Mexico does not accept foreign car insurance in the case of an accident.
While you frequently see insurance offered in border towns, the policy you obtain is very important and should be reviewed carefully, in the event of an accident, what the policy covers is just as important as the fact you have it.
While purchasing Mexican insurance is quite easy and can be completed over the Internet, it is very important to check the validity of the company prior to the actual purchase.
While completing research, you need to insure the agent is properly licensed in addition to how their customer service center operates in case of an accident.
One extremely important factor to consider when purchasing a Mexican insurance policy is the strength of the company paying the claim.
It is not uncommon for a broker to be the provider of the policy; however, the actual claim is paid by the Mexican insurance company guaranteeing it.
In addition, all policies should include the provision of a claim adjuster and/or attorney as part of the coverage. With Mexico falling under Napoleonic law, it is quite possible you could be considered guilty until proven innocent in the case of an accident and would be wise to have someone familiar with Mexican law be present should you this situation arise.
When reviewing the options available for automobile insurance in Mexico, you will discover some coverage very similar to those you maintain on your current vehicle policy; however, may be addressed by a different name. On the other hand, Mexican insurance also offers coverage not usually an option, or considered, in your normal policy.
In the case of an accident, while Mexican liability coverage can include, Civil Liability Insurance (protects you in the event of bodily or property damage), Guaranteed Bond and Legal Assistance (provision of assistance needed to deal with Authorities), Travel Assistance (includes medical assistance vehicle towing and basic information), Medical Expense for Occupants (medical costs for the driver and occupants, usually including uninsured/underinsured motorists), Waiver of Deductible, Property Damage to your Vehicle (collision), Total and Partial Theft, Vandalism and Increased Cost of Repair (covers a higher labor rate per hour). While the above are considered “standard” choices, coverage varies from company to company, and not all are an option when selecting a policy.
Additional things to be considered when an accident occurs while driving in Mexico is the possibility you could be held financially responsible for any damage and medical expenses plus financial support until recovery.
While the majority of minor accident that occur in Mexico, the primary concern is for financial restitution for any inconvenience caused as a result; however, if serious injury or damage occurs, it will most likely be considered criminal.
While considering insurance or no insurance, it is important to understand accidents in Mexico are much different than what the average American consumer’s is used to. Most states in America allow moving vehicles off the main road in the case of a minor accident.
In Mexico, this is not allowed. Vehicles must remain in place until the police arrive to determine if injury has occurred and who may be at fault. This can also include impounding your vehicle for further determination. Thus the importance of acquiring a policy that provides an adjuster or attorney as part of the package.
Before your Mexican driving journey begins, insurance should be at the top of your list in things to obtain for both financial and peace of mind.