Home | Finance | Insurance
Have you ever wondered why you should purchase insurance for your automobile in Mexico? It would be a good idea to do so as US issued policies are not legally useful in Mexico. To help make sure that you are in the clear and covered in the event of an accident, you must have an admitted and recognized insurance policy issued by a genuine Mexican insurance company. If you're driving in, you can buy your car insurance online. Both ACE and ING offer some pretty affordable Mexican insurance policies. Many of these policies include the necessary facets of car insurance, like medical payments and roadside service. Some even provide rental cars for those who get into accidents in Mexico! During the winter, people from Canada or the US may decide to spend a bit of time in the warm confines of Mexico. They might do this never knowing that the auto insurance they have in the US will not work in Mexico, facing jail or detention should they ever be involved in an auto accident. Full coverage insurance, Mexican style, includes coverage for the damage to your car. If your car is stolen, it is covered. If it is wrecked, it is covered. Fire, lightning, and other weather related damage as from windstorms, earthquakes, and hurricanes are covered. However, if your car is damaged from a thief trying to steal your radio, your insurance does not cover the damages he does to your car unless you purchase extended coverage. Victims of car accidents in Mexico MUST report the incident to the appropriate authorities before returning home. If you fail to notify your insurer and submit an adjusters report, you run a serious risk of a denied claim as your insurance company is not required to pay the claim. Did you know that a car accident in Mexico is actually a felony? Mexican authorities can impound your vehicle and keep you in custody if they so desire. It is important if you are going to drive in Mexico to buy legal aid and bond coverage as part of your Mexican auto insurance policy. The insurer will supply you with a lawyer who is by them to help negotiate your release and the release of your vehicle. More and more insurance companies offer policies you can purchase online for your trip to Mexico. Most agree this is the best way to go because purchasing insurance at the border can be confusing. You may not get what you think you are getting. The bad time to find this out is after you have an accident. If you are planning on renting a car for a trip, you can also buy insurance for the rental car as well. Make sure the rental company knows where you are planning to go. Liability only insurance plans are also available and suggested to those who drive an older vehicle. With this sort of plan, you and any other licensed driver (over 21 years old) is covered up to the limitations of the policy. You may also purchase a Driver's License Policy that permits drivers to operate various eligible vehicles. The laws in Mexico are quite different than the U. S. when it comes to insurance. In Mexico you are considered guilty until proven innocent. You can be detained and your vehicle can be impounded until you pay damages deemed to have been caused by you. If you are in a collision that damages your car, the ability to pay for damages you cause to others is considered above all else. Buy from experienced providers like mexicaninsurancestore.com. Just being in an accident in Mexico will be considered both parties fault until a judge makes a decision one way or another.
Article Source: Main Articles
Linden Gray is a 29 year insurance veteran who has been featured in numerous publications including RV Magazine, PE.com, Google, Yahoo, Digg & Buzzle. Visit his website: Auto Insurance Mexico or here: Mexican Insurance Store
This article may be reproduced wholly or in part without written permission provided the byline, resource area, and any hyperlinks remain in order to give proper credit to the author.
Internet search engines and directory listings are imperative to your sites existence and success. Submit Your Website to the Searchen Networks directory and search engine to achieve authoritive inbound links.
Please Rate this Article
5 out of 54 out of 53 out of 52 out of 51 out of 5
Powered by Article Dashboard
