With the holidays just around the corner, many folks will be making travel plans and purchasing auto insurance for travel to Mexico...some for the first time. In order to make this hectic time flow a little more smoothly, we've put together a list of the absolute basics you'll need to know before purchasing your Mexico auto insurance policy.
1. No Mexican Plated Vehicles. Since you are purchasing a "Tourist Insurance Policy", ONLY vehicles with a U.S. or Canadian registration are eligible. Mexican rentals are excluded for this reason.
2. Anyone is Covered to Drive your Vehicle Under this Policy, as long as they: a.) have a valid U.S. or Canadian Driver's License, b.) are 21 years of age or older, and c.) have the permission of the owner to be driving the vehicle.
Additional drivers do not have to be listed on the policy, although you can add up to three names if you like. DO NOT let anyone drive your vehicle that has a Mexican Driver's License, as this will void coverage.
3. Be sure to include any towed items on the policy. Anything that you are towing to Mexico with your vehicle that is not listed on the policy will void coverage. Be sure to list them in the "Towed Unit" section of your Mexican insurance application, or tell your agent, if you are purchasing over the phone.
4. If you need to file a claim for any reason, be sure to file the claim in Mexico! In the unfortunate event of a Theft or Collision, it is important to call the number on your policy, so an adjuster can come to the scene and make a report. Returning to the U.S. without the adjuster's report will void coverage.
5. Always print two copies of your policy. It's a good idea to print two copies of your Mexican auto insurance policy...keeping one in the glove box, and one at your hotel, or the place you staying. In the event your vehicle is stolen, you will still have your proof of insurance and the phone numbers needed to make a claim.
6. Check the A.M. BEST rating. You can always find a cheaper Mexican auto insurance policy...kiosks and roadside vendors will be happy to sell you an auto policy for a fraction of what you might be paying online.
If you purchase a policy at a border or roadside kiosk, chances are, your insurance information will not be available to the authorities in Mexico, like when you purchase from a reputable online company. You may have to jump through hoops to get an adjuster to look at your vehicle. And, who knows what could be involved with trying to make a claim.
A.M. Best rates insurance companies based on many factors including stability. Before you purchase a Mexican auto insurance policy, be sure to check the company's stability through A.M. BEST at www.ambest.com .
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