Mexican Insurance for Canadians – Review Your Policy Coverage as You Plan for New Year’s Travel
Whether you are planning a long trip or several short trips to Mexico in the coming year, the end of the current year is an excellent time to review your Mexican insurance for Canadians. Requirements for foreigners may not have changed dramatically. In the last year, it’s good to make sure that your contact details are up to date. This is in case last-minute changes affecting your policy occur.
In addition, it is helpful to note that Mexico has moved to require coverage of all motorists, foreigners, and nationals, meaning that there could be a more significant potential for review of Mexican car insurance for Canadians and others in the coming months.
Review Limits and Plans
If your previous travels have focused on just one location, it is essential to understand that traveling to a different state may require adjusting your policy. Each state has other liability limits based on average wages in the area. Therefore, a multi-state trip may take you through areas with high or low limit requirements. In addition, your Mexican car insurance for Canadians must be sufficient to cover costs for death benefits to survivors if you are in a fatal accident and found to be responsible for the fatality. Therefore, one of the best ways to plan for multi-state travel is to opt for the highest liability limits available.
As your vehicle ages, the value will change, making it essential to review the weight on your policy each year. Again, check resources such as Kelley Blue Book for current values, and adjust your Mexican insurance for Canadians appropriately. On the plus side, you can typically expect premiums for your coverage to decrease. But, again, this is because your vehicle’s value declines over time.
If you will be driving a new vehicle to Mexico in the coming year, it is essential to generate separate policies for that vehicle. Likewise, if you will be towing, for example, your decision must also figure these details into your decision.
Mexican Insurance for Canadians from Mexican Insurance Store comes with roadside assistance. Legal and repair in the US, Mexico, or Canada are also included.