Mexican Auto Insurance
If you are planning to take a trip south of the border, you will want to make sure that you purchase Mexican auto insurance. Why? Buying your insurance plan last minute is simply not a good idea...
Many tourists purchase Mexican auto insurance at the border when they cross from the United States to Mexico. While this may seem convenient, these policies are often filled with large gaps and holes. If you do wind up in a car accident while you are in Mexico, this last minute policy will not cover most expenses. While many people tend to assume that all car insurance is the same, this is simply not true. Instead of being caught in the middle of an expensive car accident process, consider the following tips and ideas.
First of all, purchase your insurance before you leave home. Shop for a policy online, print the policy before you leave, and then bring the policy with you. While looking for a great policy online is fast, it is also the best way to read about the coverage that you will receive. In short, this simple process may only take about five minutes, but it will save you a lot of money in the long run. Still, prior to selecting a policy, make sure to ask your insurance company a couple of things first. The number one thing to ask is whether or not you can repair your car in the United States. Some companies insist that you repair all car damage inside of Mexico. So, unless you want to extend your vacation; search for car repair phrases in that guide book; and try to haggle with a Mexican garage, make sure to pose this question to your insurer.
Next, ask that insurance company whether or not legal fees are included in the policy. Sometimes, an accident may include a few legal fees, jail time, attorney fees, and bail. If your insurance doesn’t cover these things, you may be paying for all legal fees out of pocket. Additionally, make sure to ask whether or not medical fees are included. If you wind up in a car accident while you are in Mexico, understanding how much medical coverage you have will be worth your while. Even though some policies may cover medical expenses, they might not cover medical evacuation back to your home state. So, find out what medical fees are covered, how high that deductible is, and make sure to read the fine print. As you can see, there are a lot of things to consider when purchasing Mexican auto insurance.
Lastly, make sure that you understand those deductibles. There are all kinds of deductibles included in various polices. The two most important types are physical damage and theft coverage. Take some time to find out what insurance company will serve your best interests in either case. In the end, you want to choose the company that covers all of the things listed above. Buying a policy at the border is never a good idea unless you happen to be a billionaire.
Mexican auto insurance doesn’t have to be tricky, but it does require some careful attention. The more that you know about your insurance policy, the better off you will be while driving on your vacation.