By LP Navarrete
I can’t count the number of times that people have come into my office or just given me a call because they have a question about insurance. Many times these people don’t even have insurance with me, they will just ask the first insurance agent that they can find. I like to think that I know a thing or two about insurance. I have studied it and researched it and had daily experience with insurance for the last fifteen years. There is a type of insurance that I sell that most insurance agents don’t offer to their clientele, and that is Mexican Tourist Auto insurance or to simplify it: Mexican car insurance.
Insurance agents in the United States don’t usually sell Mexican car insurance because it is a rather small market, and it requires the agent to learn a little bit about a foreign country and their laws and procedures. Additionally, some of the material is are in Spanish and most insurance agents are not bilingual. I am bilingual and have lived in a Latin American country for a couple of years, and that’s why the niche is a natural fit for me.
Mexico is such gorgeous country. It has pristine beaches, and great deep sea fishing, or you can take time to discover all of the ancient Mayan or Aztec ruins, and I haven’t even mentions the snorkeling and scuba diving. The list of things to do is endless. I recall a vacation that I took there a couple of years ago, and my spouse and I tried to do something different every single day more than a week, but we didn’t get to do everything that we had wanted to do. Some people go for the dancing and the nightlife, or for the food and the culture. There is something for everybody, but before you book your trip plan ahead and purchase your Mexican car insurance before you ever get to Mexico.
Most states have adopted some kind of financial responsibility law. This is the law that requires you to carry proof of insurance in your car. If you don’t carry that little card with you the police officer can give you a ticket for failure to observe with the financial responsibility law. Failure to comply is usually a misdemeanor and carries a fine. In the United States it really isn’t that big of a deal. On the other hand, in Mexico it is a felony and not a misdemeanor to not provide evidence of financial responsibility.
There are a few people that think that because they have chosen an insurance provider that provides limited coverage with Mexico that they don’t need to carry Mexican car insurance when they cross the border. Only a Mexican insurance company can provide evidence of financial responsibility in Mexico, just like only a United States insurance company can provide evidence of financial responsibility in the United States. What this means is that even if your insurance company will cover the accident in Mexico, but you don’t have Mexican car insurance, then you will most likely be going to jail for failure to comply with the local financial responsibility laws. Now, jail doesn’t sound like a very fun vacation. Personally, I’d rather stay home and go to work than go on vacation and end up in jail.
Don’t think that just because drove up to the border and bought insurance from the first guy that hung out a shingle that you are properly insured. You need to learn what a variable deductible is, and why you need Legal Aid coverage or Travel Assistance coverage. By the way, take my recommendation and spend the little bit of extra money to acquire these coverages. In addition, purchase a minimum of a combined single limit of one hundred thousand dollars of liability insurance.
Lastly, enjoy your vacation and to have all the fun that you can. Sweat the small stuff before you go so that you don’t have that hanging over your head while you’re on vacation. Buy Mexican car insurance online before you go.
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MLA Style Citation:
Navarrete, LP "Traveling To Mexico Then Buy Mexican Car Insurance." Traveling To Mexico Then Buy Mexican Car Insurance. 6 Jul. 2010. uberarticles.com. 29 Dec 2014 <http://uberarticles.com/business/traveling-to-mexico-then-buy-mexican-car-insurance/>.
APA Style Citation:
Navarrete, L (2010, July 6). Traveling To Mexico Then Buy Mexican Car Insurance. Retrieved December 29, 2014, from http://uberarticles.com/business/traveling-to-mexico-then-buy-mexican-car-insurance/
Chicago Style Citation:
Navarrete, LP "Traveling To Mexico Then Buy Mexican Car Insurance" uberarticles.com. http://uberarticles.com/business/traveling-to-mexico-then-buy-mexican-car-insurance/
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