Mexican Insurance and Best Guide to Domestic vs. Foreign Coverage
Your domestic motor vehicle policy is not valid in Mexico, but a lack of awareness won’t excuse you if you are involved in an accident while traveling south of the border. While many tourists enjoy Mexico without any driving trouble, those who do experience problems could find the situation to be especially stressful without the best Mexican insurance available. Best does not imply most costly, but you do need to invest in a Mexico insurance policy that includes sufficient liability coverage for a major incident. In case of a death, your financial obligations could be quite high, especially if you don’t have Mexico insurance motor vehicle protection.
Why You Can’t Afford to Skip the Best Mexican Insurance
Although your instincts might guide you to skip the border booths to save time, the reality to get the best coverage at the lowest cost, you don’t stop at the border to get Mexican insurance. Traveling south of the border without a Mexican auto insurance policy puts you at risk for both legal and financial trouble if you are responsible for a wreck. Failing to have a Mexico insurance policy puts you on the wrong side of the law because coverage is a mandate. With Napoleonic code in effect, this alone could create quite a bit of stress. However, being presumed guilty can be difficult to disprove without good legal representation. Your Mexican insurance includes a provision for bilingual legal support if the need arises.
Your potential losses should also guide you as you decide on the best Mexico insurance coverage for your travels. Your coverage should meet the requirements of the company that holds the loan for your vehicle if it is still financed. Further, you need to be sure that your Mexican insurance choices include providers that offer sufficient liability coverage for the states you will visit. In some cases, low-limit policies are sufficient, but many states have limit recommendations that are high. If you have coverage with low limits and are involved in a multi-fatality accident, your financial obligations could significantly exceed the amount available through your Mexico insurance policy.
Why do you need Mexican insurance? Proof of financial responsibility
Valid coverage is your proof of financial accountability if you have an accident. Mexico insurance also assures you of legal assistance if you are in an accident.