Budgeting for your travel expenses may bring up questions about costs that can be cut to keep things affordable. Although you may recognize that going without motor vehicle coverage at home could create serious legal and financial problems, you may view your Mexican auto insurance for vacation as optional. Failure to cover your vehicle may not result in a revocation of your registration. However, the financial and legal ramifications could be far worse if you are in an accident in Mexico without proper Mexico insurance coverage.
What Can Happen if I Don’t Have Mexican Auto Insurance for Vacation?
The consequences of your decision to bypass Mexico insurance coverage can range from minor to major. In most cases, of course, your driving goes without incident. And your entire vacation could be without an accident or roadside emergency. But then you erroneously conclude that you were right in choosing not to buy Mexican auto insurance for vacation. However, this could reinforce a risky behavior that may eventually backfire if you are in a wreck or in need of emergency services. Your Mexico insurance coverage includes legal help in case of a wreck, trip interruption services, medical support in serious situations. Also included is roadside support if you have problems with your vehicle that leave you stranded during your visit.
In the more serious situations that could occur, you could find yourself locked up in a Mexican jail. And you will remain there until you can pay your financial obligations for your part in an accident. In case of a fatality, this could range from thousands to hundreds of thousands of dollars. Your Mexican auto insurance for vacation needs to include sufficient liability coverage. This is to ensure that your policy covers you in case of a fatal collision.
Death benefits can be quite high in some Mexican states, and failure to take this seriously could turn your life upside down. While a fatal accident may not be a common occurrence, lockouts and breakdowns are not at all unusual. Your Mexico insurance coverage allows you to get towing help or assistance with being locked out or out of gas whether you have trouble in a city or on a rural stretch of open highway.