Car Insurance To Travel To Mexico
Nobody likes to face a car wreck situation, especially in a foreign country. However, if you are driving to your hometown or planning a drive to Mexico for your upcoming vacation, wrecks can happen. If the wreck occurs anywhere near south of border then you need to have Mexican insurance. Good news is that your policy can be used to cover up your damage costs and the cost of damage which is caused to others. Let’s take a close look at how policies handle physical car damage.
Regulations of Mexican Car Insurance
Your American insurance is not considered proof of financial responsibility under Mexican law (Baja Bound FAQ), and vehicles on Mexican federal roads and bridges must carry third-party liability insurance (Ley de Caminos, Puentes y Autotransporte Federal, art. 63 Bis); art. 74 Bis sets a fine for driving without it. Americans who want to cross the border while driving need to have insurance while crossing it. You will have to buy your policy before entering Mexico; SmartGringo links to Baja Bound, which quotes and sells the policy.
Lots of people ask what they are supposed to do when they face a car wreck situation while traveling. Well, any Mexican policy will provide basic benefits like liability coverage but you will be able to increase your protection by getting coverage for physical damage. More protection you will have, more you will be able to protect yourself in case of wreckage.
Physical Damage Insurance
A wreck in an unfamiliar setting, with different road rules and possibly a language barrier, is not a situation anyone wants to be in. A basic Mexican policy won’t offer comprehensive protection automatically. To ensure coverage, you will have to ensure that policy includes full damage protection also known as full physical damage protection. A liability-only policy does not cover your own vehicle. Full-coverage policies add physical damage and theft cover for the vehicle itself: Baja Bound's FAQ says full coverage covers physical damage and total theft, with deductibles applying, and includes a liability limit, medical payments for occupants, legal assistance and bail bond, and roadside assistance. Partial theft and vandalism are not on every policy: Baja Bound includes them only on its HDI Premier and Chubb Platinum policies. The same FAQ says its underwriters, HDI Seguros and Chubb Seguros, pay claims in U.S. dollars and at U.S. repair rates when possible, and that a vehicle is valued according to pricing guides like the Kelley Blue Book and NADA guide. Check the deductible on your quote before you buy.
Coverage Provided through Liability Insurance
A Mexican auto policy includes liability coverage. It is also known as at-fault auto coverage. If you are the reason behind the wreck, then the policy will pay for the damage caused to other parties, up to the liability limit you chose. For instance, your policy will help you pay to another driver for the damage you caused to their auto if you were not careful with your driving. You may increase the coverage for your satisfaction and reduce your expense for paying for other person’s loss.
Baja Bound’s auto policies include legal assistance and a bail bond alongside the liability cover, up to the liability limit, available 24/7.
Don’t ever hesitate in enhancing your liability and physical damage coverage as per Mexican auto policy. It will prove to help get money in case of any problem.
Compare the liability limits and the physical damage cover on your Mexican auto insurance options before your trip.
Vehicle and dates settled? See what your cover costs at Baja Bound.