Accurate Mexico Insurance Quotes on MexicanInsuranceStore.com
If you are looking at your budget for your Mexico vacation, you may be wondering about ways to cut costs. While you can adjust your details to get lower Mexico insurance quotes on MexicanInsuranceStore.com, a lower price is not always the best deal. Be aware of requirements as you evaluate Mexico insurance policies so that you don’t make serious errors when you purchase your coverage.
Liability Limits Are Important
A Mexican labor law has a serious impact on your liability limits when you generate Mexico insurance quotes on MexicanInsuranceStore.com. The 502 Labor Law establishes death benefits due to a survivor in the event that a Mexican citizen dies in an accident caused by a third party. If you are the responsible party for a fatal accident that takes the life of a Mexican citizen, you are responsible for the payment of that death benefit. This amount is different for each of Mexico’s states. Some states have very low benefits while others have very high limits. If you opt for the lowest liability limit on your Mexico insurance policies, you may have insufficient coverage for a deadly accident in a state with high death benefits. It is wise to compare the differences between the minimum coverage needed and the maximum coverage available to determine just how much that extra cost on the premium really is.
Do I Need Full Coverage?
You’ll find that as you generate Mexico insurance quotes on MexicanInsuranceStore.com, pricing is lower for liability-only Mexico insurance policies. At the same time, you may observe that the difference in pricing isn’t dramatic. A few extra dollars invested in full coverage may make the difference between an inconvenience and a serious burden if you are in an at-fault accident. Liability-only coverage doesn’t address the damages to or loss of your vehicle, meaning that you may be stuck looking for a way to replace a vehicle. If you are driving a vehicle that is still under financing, you may be required to carry a full-coverage policy. If you own the vehicle outright, it’s wise to spend the few dollars more for this protection and peace of mind.