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Why buy Mexican car Insurance
Posted: Jan 13, 2015
Buy Mexican car Insurance from mexicoexpatinsurance.com because you will find number of good reasons to do so.
The car insurance policies from only a Mexican insurance company are recognized in Mexico, whileCanadian and American insurance policies have no recognition in Mexico.
Each state in Mexico sets criminal liability and potential civil amounts that a car driver will have to bear during accidents or any casualties. The amount may rangeup to U.S. $300,000 per casualty or even more conditional to the state where the casualty occurred and the laws of that state will be applicable.
If you have a Mexican auto Insurance policy, this will cut down your time for which you will be jailed and even the financial burden from your shoulder will be lowered during that time.
According to the Mexican car Insurance law, motorists must have insurance. IF they don’t have auto insurance, they must carryevidence or a "proof of financial responsibility". They should be able to produce this proof during the time of casualty even if it’s not their fault. If you are not a Mexican r you belong to some other country but you are traveling in Mexico, you may not be having any proof of financial independence. In that case, you must have enough local money to cover your liability and the damages caused during the casualty. According to Mexican state laws, any other non-Mexican or United States insurance covers no liability for possibility during accidents. It also fails to satisfy the basic requirements during the casualty.
Let’s consider another case where you have auto insurance but from United States or Canada, because you belong to one of the places. In this case too, your insurance policy holds no value in Mexico. They cannot be judged as the proof of financial independence and you will have to have enough funds to get out of the casualty and pay for damages caused to the other person.
There are some American insurance companies that cover liabilities for travelling in Mexico and covering for damages caused during casualties, but these too have some distance constraints and may help you only till border areas. Ifyou have a US policy, it must be complemented by at the minimum of a liability-only policy from an insurance company in Mexico.
To learn more about the coverage and Mexican car Insurance and other types of policies, visit our website www.mexicoexpatinsurance.com. Apart from car and auto insurance coverage, we offer other types of insurance policies too.
Affordable Insurance for Americans and Canadians Traveling and Living in Mexico. The fastest and easiest way to buy Mexican auto insurance online! Purchase and print out your Mexico insurance policy from our easy to use website.