Here Are One Or Two Lessons About Mexican Car Insurance From An Insurance Agent.

I’ve been an insurer’s broker for roughly fifteen years now, and during that time i think i have seen each claim practicable. I have sold every kind of insurance : automobile, home, business, life, health, disability, etcetera, and I are currently selling Mexican car insurance.

Insurance in Mexico is a little bit different animal than it is in the united states, as there are some coverage restrictions that someone from the US would not expect to encounter. Below I have listed just one or two of these differences, and please do not confuse this with a complete list of all of the differences, because there are too many to list.

• • Travel Assistance
• • Legal Aid
• • Need combined single limit policy – no split limits

Now I would like to address the named hazards vs all risk policy difference. Firstly, what’s named perils? It is when an insurance policy names the specific risks that are covered by the policy. As an example : collision, fire, upset, total burglary, etcetera.

A, so called, all risk policy states that we are going to cover the insured property for anything that occurs, and then it takes away categorical risks, called exclusions. Exclusions that are found in any cover are : nuclear event, war, civil unrest, and etcetera. I call the all risk policy so called because it does not cover everything. It’ll take away some perils. However , it provides much more coverage than does the named hazards policy.

almost all Mexican automobile insurance policies are named hazards policies, while nearly all united states policies are all risk policies. You need to be conscious of this before going to Mexico, and remember that your Mexican auto policy will be offering a more limited coverage than does your present united states policy. I have yet to find an all risk Mexican policy, and if I find it I’d imagine that the price would be thru the roof.

I truly hope that you enjoy your holiday, and that you purchase Mexican car insurance before your trip.