Mexican Auto Insurance for Canadians – Is Full Coverage a Wise Investment?
As you prepare for your trip, you may wonder whether you should opt for liability or full coverage when you buy Mexican auto insurance for Canadians. There are certain cases in which liability coverage is your only option in Mexican insurance for Canadians, but in most cases, full coverage is available. When available, full-coverage Mexican car insurance for Canadians is a wise investment due to the financial implications of a car that is totaled or stolen.
When Liability-Only Mexican Auto Insurance for Canadians Is the Only Option
The value of your vehicle will determine whether full-coverage Mexican insurance for Canadians is available. If a vehicle is valued at less than $3,000 USD, it is ineligible for full coverage. In this case, your liability coverage is appropriate for your travel.
Why Full-Coverage Mexican Car Insurance for Canadians Is a Better Choice
Insurance of any kind guards against certain risks, and the actual circumstances may or may not occur. Although risk of an accident or vehicle theft may be minimal, the inconvenience and expense caused by such incidents could be extensive. It is important to compare the benefits with the costs as you evaluate different options in Mexican car insurance for Canadians. The pricing for full coverage is typically higher than for liability coverage, but the difference is not typically major. The details will vary based on the policy period and the value of your vehicle. Basic coverage is required by Mexican law, but expanding your coverage may enable you to deal with a totaled vehicle or a stolen car without experiencing unexpected, burdensome costs.
Partial Theft and Vandalism
Full-coverage Mexican auto insurance for Canadians does not include protection against partial theft or vandalism unless you select an expanded policy to deal with these issues. These may be more common than total vehicle theft, making it well worth your while to evaluate this option. If you will travel in areas known for such activity, it is in your interest to carry such coverage.
You can compare the pricing and benefits of each of these options online to determine whether the costs warrant the extra coverage options. You should also consider the inconvenience that you would face in a worst-case scenario.