Mexican Car Insurance Online – Is Liability Coverage Enough?
You may feel that you need to satisfy Mexico’s requirement for Mexican car insurance online, but a tight budget might convince you to skimp in the level of coverage you may need. Although a liability-only product will satisfy the requirement to have Mexican auto insurance, it could fail you in the event of an accident that is your own fault. Be sure to pre-think the potential problems that could occur on the road in Mexico before deciding to skimp.
What a Liability Only Policy Covers
Your Mexican auto insurance is appropriate for meeting your obligations in terms of Mexican law. It will typically cover losses suffered by another party in an accident that is your fault. This is the primary reason for having coverage while in Mexico.
Fatality varies by state.
However, the amount you could owe in case of a fatality varies by state. Compare your Mexican car insurance online limits to your planned driving areas.
Your Mexican auto insurance also provides for towing help in serious situations involving your vehicle’s ability to operate. For example, a blown radiator or an engine problem could stop you on the highway or in an unfamiliar town. Mexican car insurance online allows you to contact a help line to explain the situation to a bilingual worker.
Consider this for a lockout, a dead battery, or a problem in which you run out of gas. Pro Tip: Mexican car insurance online from MexicanInsuranceStore gives you toll road access, so remember to pick up a policy before taking off!
Why You Should Buy Mexican Auto Insurance.
Buy auto insurance issued by a Mexican insurance company domiciled in Mexico because foreign auto insurance is invalid in Mexico, especially on Federal highways.
You need to understand that foreign insurance won’t protect you in Mexico. For example, insurance companies in US and Canada offer limited physical damage insurance. However, this physical damage insurance can only insure you near the border. Also, US insurance can not extend liability, and you won’t be protected if an accident occurs and you are at fault.
State and local government laws make it compulsory for all vehicles to be insured by a valid Mexico insurer. The minimum insurance you should have is a liability-only policy. However, you should get full coverage as a liability-only insurance will only cover the damage you cause to other people.
Why Comprehensive Mexican car Insurance Online May Be Better
You probably understand that an accident can affect even the most careful driver. If you have an accident that is your fault, comprehensive coverage allows you to have your vehicle fixed under your coverage terms. In addition, if the vehicle is a total loss, you have access to benefits to go toward replacement of that vehicle.
With liability-only Mexican auto insurance, you would shoulder the total cost of your vehicle’s replacement.