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Showing posts from June, 2021

What Does Mexico Boat Insurance Cover?

Boating offers the freedom to explore the adventures of wide-open waters with endless destination choices. However, before charting a route to the Mexican borders, you must prepare well for the journey. Knowing what to expect can save you a lot of time, money, and stress. With that in mind, let us look at some specifics on Mexico boat insurance requirements, you should consider for safe and responsible cruising. What Does Mexican Boat Insurance Cover? In recent years, boat operators entering Mexico ports have been legally required to carry Mexico watercraft liability insurance and prove financial responsibility in the event of damages or injuries. Mexican boat insurance may cover the boat operator and the boat or personal watercraft from damage or liability resulting from boating accidents. It also includes boat replacement, fuel spill liability, wreck removal, medical payments, and uninsured boater protection. It is important to review the policy details to be sure the cove...

Property Insurance in Mexico: What to Know

  Insuring one’s property—whether a home or a condo—is just as important in Mexico as it is in the United States, Canada, or anywhere else. However, the insurance laws in Mexico differ from those back home. Policy wordings may also differ from most U.S. and Canadian policies as it can be written in Spanish. That being said, you don’t have to worry as securing a home or condo insurance is actually quite easy. An experienced insurance company can bridge the gap and write policies that adequately insure one’s property. Continue reading to find out how to get adequate property insurance in Mexico . About Mexico Property Insurance There aredifferent types of properties one can own in Mexico and it is necessary to have a financial protection plan safeguarding those assets—such as vehicles, houses, condominiums, watercraft, etc. For each of those assets, there are provisions to add or amend specific terms of coverage to meet individual needs. One can choose to obtain an all-risk...

Does My Car Insurance Cover Me in Mexico?

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A road trip sounds like a great vacation the idea especially when you reside just a few cities away from the border of Mexico. However, if you wish to drive into Mexico with an American or Canadian registered vehicle, you must be aware of Mexico auto insurance laws to avoid insurance mishaps ruining your travel plans. Does Your Car Insurance Work in Mexico? As per insurance laws, U.S. or Canadian auto insurance is not valid in Mexico. It may only cover vehicles in Mexico for a distance of 12-16 miles from the US-Mexico border (“Free Zone”). If you intend to drive further south of the border, you must first obtain Mexican auto insurance . Another document required to drive outside of the Free Zone is a Temporary Vehicle Importation Permit. If you do not carry proper documentation, you may face criminal and financial consequences. It does not matter if you travel to Mexico frequently or only a few times a year; you must have a comprehensive—or, at the very least, a Mexican liab...

Hurricane Season is Here. Is Your Home in Mexico Properly Insured?

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  Natural disasters are often catastrophic—they can result in massive loss of life and property damage in the blink of an eye and displacing thousands of people. Tropical storms and hurricanes, are especially dangerous, and dealing with the aftermath can be difficult. Therefore, one must always be prepared to protect their loved ones and their most valuable investment, their home. Hurricane Season in Mexico Mexico’s hurricane season begins in the first week of June and lasts until the end of November. The months between August and October continue to be particularly dangerous. Every mile of the coast is defenseless against a hurricane, so one must be extra vigilant. This is where  Mexican Home Insurance  can make all the difference. After a disaster, having adequate insurance is more important than ever as it can help homeowners restore their properties or replace their belongings. It is undoubtedly the most effective strategy to defend one’s property and save lives from ...