CHANGES TO YOUR ACE – MAPFRE MEXICAN AUTO INSURANCE COMPANY THIRD PARTY LIABILITY EXPOSURE BASED ON REVISED MEXICO FEDERAL 502 LAW

VERY IMPORTANT (MAS IMPORTANTE) NOTICE

CHANGES TO YOUR ACE – MAPFRE THIRD PARTY LIABILITY EXPOSURE BASED ON REVISED MEXICO FEDERAL 502 LAW

ALSO ACE CONTACT PHONE NUMBERS ARE CHANGING

Mexican Insurance Store.com

1-888-800-9988 or 951-657-4220

1.) ACE MEXICO AUTO INSURANCE COMPANY ANNOUNCES NEW AND IMPROVED PLATINUM ASSISTANCE SERVICES AND UPDATED PHONE NUMBERS

In order to improve their communication systems and to continue to provide the BEST and ONLY GUARANTEED Roadside Assistance in the Mexican insurance industry, ACE is announcing a change in phone numbers to report an accident and/or request Roadside Assistance Services.

IF YOU HAVE AN ACCIDENT, YOUR CAR IS STOLEN, OR IF YOU REQUIRE LEGAL ASSISTANCE OR TRAVELER’S ASSISTANCE SERVICES, PLEASE CALL THE FOLLOWING NUMBERS:

NEW ACE Seguros PHONE NUMBERS
ACE Seguros from within Mexico 01-800-362-7288
or Direct 01-55-5480-0919
ACE Seguros from within US or Canada 1-866-223-8023
Mexicaninsurancestore.com 1-888-800-9988 or 951-657-4220

**** PLEASE UPDATE YOUR RECORDS ACCORDINGLY OR SIMPLY SEND AN EMAIL WITH YOUR POLICY NUMBER TO linden@mexicaninsurancestore.com ASKING FOR A NEW COPY OF YOUR UPDATED POLICY PHONE NUMBERS WITH UPDATED ID CARDS.

2.) **** ALL ACE MEXICAN INSURANCE COMPANY POLICY HOLDERS : At no cost to you, all ACE Insurance Company policyholders automatically have coverage on all active policies up to $300,000 for all Standard and Platinum policies from December 2012 to Monday February 4, 2013. After February 4th all ACE Policyholders Liability Limits will automatically revert back to the original Limit you purchased on your policy. ACE policyholders should re-evaluate their exposure to loss and consider increasing their Liability Limits. You may need to purchase additional Liability limits in order to protect yourself.

SIMPLY SEND AN EMAIL WITH YOUR POLICY NUMBER TO linden@mexicaninsurancestore.com ASKING FOR AN INCREASE IN LIABILITY LIMITS AND WE WILL ENDORSE YOUR POLICY AND SEND YOU AN UPDATED POLICY ASAP.

**** ALL MAPFRE POLICY HOLDERS: MAPFRE policyholders should re-evaluate their exposure to loss. You may need to purchase additional liability limts in order to protect yourself.

SIMPLY SEND AN EMAIL WITH YOUR POLICY NUMBER TO linden@mexicaninsurancestore.com ASKING FOR AN INCREASE IN LIABILITY LIMITS AND WE WILL ENDORSE YOUR MAPFRE POLICY AND SEND YOU AN UPDATED POLICY ASAP.

3.) IMPACT OF CODE 502 REFORM ON MEXICO STATES AND YOUR ACE AND MAPFRE POLICIES

In December 2012, the Mexican government announced new reforms to the Labor Law in Mexico (Article 502). The Labor Law (Article 502) is used as the basis to compute limits to indemnify a person when someone dies in an accident. This caught the Mexican Insurers by surprise, as little notice or input was provided or requested of the Insurance Industry prior to the change. For many years, the indemnity limit was based on 730 days (Approximately 2 years) of minimum wage making $10,000-$20,000 a typical claim paid in any fatality.

Now, the time a dependent must be compensated has increased to 5,000 days.

Depending on the location of the accident, this may increase your financial exposure in Mexico to any at-fault auto accident which results in a fatality. Many Mexico states interpret Federal Laws themselves and create their own civil and criminal laws. Attached is a chart that shows the indemnity limits of the different states and how these states will apply them to their particular state.

Minimum Compensation Amount For A Deceased Person In An At-Fault Accident

MEX/USA Rate = 13 x 1

States Current Criminal Current Civil Total (pesos) Total (Dollars)
1 Coahuila 3,534,400 3,534,400 7,068,800 543,754
2 Yucatan 3,534,400 3,534,400 7,068,800 543,754
3 Nayarit 2,650,800 2,650,800 5,301,600 407,815
4 Campeche 1,181,600 3,534,400 4,716,000 362,769
5 Guanajuato 1,181,600 3,534,400 4,716,000 362,769
6 Baja California Sur 623,300 3,734,600 4,357,900 335,223
7 Michoacan 590,800 3,534,400 4,125,200 317,323
8 Distrito Federal 311,650 3,734,600 4,046,250 311,250
9 Queretaro 295,400 3,534,400 3,829,800 294,600
10 Jalisco 1,514,250 1,514,250 3,028,500 232,962
11 Guerrero 1,246,600 1,246,600 2,493,200 191,785
12 Chihuahua 311,650 1,867,300 2,178,950 167,612
13 Baja California Norte 311,650 1,558,250 1,869,900 143,838
14 Morelos 1,638,879 – 1,638,879 126,068
15 Sinaloa 295,400 1,181,600 1,477,000 113,615
16 Sam Luis Potosi 172,513 1,181,600 1,354,113 104,163
17 Oaxaca 140,019 886,200 1,026,219 78,940
18 Nuevo Leon 908,550 – 908,550 69,888
19 Hidalgo 886,200 – 886,200 68,169
20 Estado de Mexico 623,300 – 623,300 47,946
21 Aguascalientes 590,800 – 590,800 45,446
22 Colima 295,400 295,400 590,800 45,446
23 Durango 295,400 295,400 590,800 45,446
24 Quinatna Roo 295,400 295,400 590,800 45,446
25 Zacatecas 295,400 295,400 590,800 45,446
26 Veracruz 311,650 – 311,650 23,973
27 Chiapas 295,400 – 295,400 22,723
28 Tamaulipas 186,990 – 186,990 14,384
29 Tabasco 86,256 – 86,256 6,635
30 Puebla 70,896 – 70,896 5,454
31 Tlaxcala 64,988 – 64,988 4,999
32 Sonora 60,570 – 60,570 4,659