Mexican Insurance Coverage for Cars, Vans, and Trucks
At MexicoInsurance.ca you can obtain the lowest rates for both Liability Only and Full Coverage policies for Cars, Vans, SUVs, and Trucks driving into Mexico.
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All Contingencies Covered
Mexican auto insurance coverage for your vehicle will include various features such as settlement of claims in Canada or the U.S. Vehicle repairs can be carried out in your home country. Other coverage options include medical evacuation, roadside assistance, and plane tickets home. Vandalism and theft coverage is also offered with some of the policies.
MexicoInsurance.ca is very choosy about the Mexican Insurance providers that it represents. Our providers are the largest A rated inurance companies reputed for looking after their customers’ needs, and offer a hassle-free claims process. If the vehicle involved in the accident cannot be driven back, some of the policies will offer plane tickets for travel back to your comfortable and precious home.
Mexican Insurance Coverage for RVs and Motorhomes
MexicoInsurance.ca has programs that offer coverage for RVs and motorhomes that are registered in Canada or the U.S. and traveling to Mexico. The special policy features include repair of the RV in the home country and medical evacuation and travel assistance.
Purchasing Mexican Liability Insurance is mandatory prior to entering Mexico. Mexican authorities do not recognize U.S. or Canadian liability insurance. If the RV or motorhome is involved in an accident without liability insurance, the vehicle may be confiscated and the driver may be placed under detention. MexicoInsurance.ca offers coverage for both physical damage and liability.
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Mexican Insurance Coverage for Motorcycles
MexicoInsurance.ca offers both liability and full coverage for motorcycles. Most types of motorcycles are eligible for full coverage in Mexico. However, the coverage is applicable only when the motorcycle is being driven on standard roads. Racing and off-roading accidents are not covered under a typical full coverage policy. Liability, collision, theft, and legal assistance costs are covered under full coverage.
The mandatory liability coverage for your motorcycle will ensure that if you are involved in an accident, your insurance will pay for the damages that may be caused to a third party. The amount of liability coverage can be flexible as long as it meets the minimum coverage limits. It also covers the costs of legal assistance.
Mexican Insurance Coverage for Boats
The typical Mexico boat insurance policies offered by MexicoInsurance.ca include full coverage, on-water liability coverage, and hull coverage for boats. Full coverage is available for trailer boats while they are on land or being towed behind the insured vehicle.
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Sea of Cortez – No Problem at All
On the water liability coverage covers you for damages that may be caused to a third party due to your fault while your boat is on the water. The third type of coverage is Mexico Hull coverage for boats while on water and while on land. Insurance programs for yachts and non-trailered boats are also offered by MexicoInsurance.ca.
Maintaining Your Canadian Auto Insurance while in Mexico
If you are planning to travel to Mexico by your own vehicle, it may be important for you to maintain your Canadian or U.S. vehicle insurance, in addition to purchasing a tourist Mexican auto insurance policy. This condition is not applicable if you purchase a Liability Only auto insurance policy for Mexico. However, if you want to add coverage for collision and theft, most Mexican auto insurance companies will require that you also have a current insurance coverage for collision and theft in your home country.
Rationale behind this Rule
Many vehicle owners in Canada or U.S. who buy six-month or yearly Mexican car insurance policies do not keep their car in Mexico all the time. Some vehicle owners may own a timeshare property or a home in Mexico, and may be driving to Mexico often. In such cases, it is more economical for them to purchase a long-term Mexican vehicle insurance policy rather than obtain a short-term insurance each time they travel.
In such cases, the vehicle effectively remains in Mexico only for a few weeks or a few months in the whole year, while it remains in the home country for the majority of the year. Mexican auto insurance providers are aware of this fact, which implies for them that such vehicles have lesser risk exposure and lesser chances of raising an accident claim due to their limited stay in Mexico.
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An Explanation of a Resident Surcharge
Therefore, whenever a vehicle is not insured in U.S. or Canada for theft and collision insurance, the Mexican auto insurance providers assume that such vehicle is more likely to stay for longer periods in Mexico. This increases their risk of claims in pure statistical terms. As a result, they will impose a Resident Surcharge on such vehicles that seek collision and theft insurance in Mexico, but do not have the similar insurance coverage in their home country.
Pros and Cons for Cancelation of Canada Auto Coverage
The advantage for a vehicle owner in cancelling Canadian or U.S. auto insurance when the vehicle is in Mexico is that considerable savings can be made on the insurance premium costs. However, the disadvantage is that the Mexican car insurance company may impose a Resident Surcharge on the Mexican insurance policy. At a later date, when the vehicle owner may like to reactivate the Canadian policy, it may be offered at a higher rate. Therefore, the vehicle owner must weigh and contemplate the pros and cons carefully before choosing the most cost-effective and beneficial option.
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