Proving Financial Responsibility

The concept of providing professional financial advice from experts.


Senor Mex Says: Great point about the need to prove financial responsibility in the aftermath of an accident down in Mexico. Many people get quite confused on that point. For one thing, it’s commonly believed that Mexican automobile insurance is mandatory by law. Thats not true; if you just travel around with boatloads of cash and are willing to use it to pay for the damages that you cause, you will be fine! That, of course, is not realistic or smart. The better option is to buy high-quality Mexican insurance before you drive a single tire onto Mexico soil. As you note, the law is different down in Mexico. The authorities must be satisfied that you can make restitution for injuries or damages that you have caused; otherwise, they will detain you. Buying Mexican insurance is the simplest way to avoid any serious trouble.

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“The Mexican law is different than US law, for example. If you are in an auto accident, you will need one of two things. First, you will need proof of financial responsibility. In other words, you will need to have enough money to prove that you can pay for the damage to the other vehicle. This holds true even for those who are not responsible in the accident. If you don’t have this kind of money, then you will need Mexican car insurance.”
Remember that buying Mexican insurance Online to take financial responsibility is really easy!

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