What Liability Only Mexican Insurance Protection Covers
In short, LO only covers the ‘Other Guy.’ Any damage or additional benefits to your vehicle, such as theft, vandalism, collision, etc., is not included.
Before purchasing Liability Only, one should ask, “Am I OK walking away from this vehicle if it is involved in a collision?” If the answer is “Yes!” then go ahead with Liability Only. One caveat, though, is if you have a TVIP (Temporary Vehicle Import Permit), you have an additional requirement. A TVIP is required for most of Mainland Mexico.
Therefore, in the event of a total loss, you will still need to transport the vehicle, at your cost, to a border Banjercito location where you can have your permit correctly canceled. You can download a list of Banjercito locations where you can obtain or return a TVIP from the official government site here.
If your vehicle is over 20 years old, you may be limited to a “Liability Only” Mexican insurance policy.
Why You Should Buy Mexico insurance coverage for driving.
You need to have a valid policy from an approved Mexican insurance company. You can get this coverage from MexicanInsuranceStore.com.
Some insurers in the US and Canada provide limited protection for Mexico. They may cover physical damage to 25 miles from the border. Your domestic insurance can not extend liability coverage to you. US and Canadian liability coverage is invalid in Mexico. If a car accident happens and you are found to be at fault, it can ruin your day.
In Mexico, it is required that all drivers have car insurance. The minimum protection is Liability Only. Get full coverage unless your car, motorcycle, or RV is over 20 years old. The best advice is to match your US or Canadian insurance when buying Mexican Insurance. This way, your risk remains the same.
A “Liability Only” Mexican insurance policy will only cover the damage you cause to other people or property.
Why Comprehensive Full Coverage May Be Better
Any accident can affect even the most careful driver. If an accident is your fault, a comprehensive “Full Coverage” policy allows you to have your car fixed under your coverage terms. If the vehicle is a total loss, you will have the money to replace that vehicle and buy a new one. You will also have legal help in getting the TVIP canceled. With a “Liability Only” Mexican insurance policy, you would shoulder the total cost of your vehicle’s replacement.
The basics of Mexican car insurance and deductibles
It’s easy to hold back costs if you are not sure about the benefits of comprehensive coverage. But Mexico car insurance full coverage ensures vital protection when it comes to personal losses while travelling in Mexico.
You overlooked to insure your car? Don’t worry, the border has available policies that you can buy, but the price isn’t as good as when you buy Mexico insurance online.
Mexico insurance is a general type of insurance where protection is certain against unexpected circumstances.
Anything can happen without warning and insurance is there to help. Your biggest weapon when travelling is Mexican insurance.
Even if you have the expensive high quality care in Mexico, the medical costs are remarkably low in price.
Avoid getting into trouble. Travel with Mexico insurance. It provides support when heading to your destination.
What a relief if you have Mexican car insurance! With the help of your Mexico insurance company, troubles can be handled immediately.
Before traveling, be sure to have Mexican insurance for driving in Baja. You should know it’s adequate before entering and before leaving the city of Mexico.
I have my US car insurance with me and that’s pretty good, but I’m still compelled to shop online to get the right Mexican car insurance.