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Showing posts from May, 2024

Documents Required for Mexico Auto Insurance

 Do you plan to drive across the southern border of the US into Mexico? If yes, you must have Mexico auto insurance. Auto insurance is legally required for all drivers in Mexico, but you need one from a company licensed in Mexico since your US auto insurance is not recognized there. You will most likely have to pay a fine, and you could even have your vehicle impounded or end up in jail if you get in an accident in Mexico and do not have the right insurance. So, what do you need to buy Mexico auto insurance? Gathering the following information is the first step in buying Mexico auto insurance . The days you will travel in Mexico. You must know your start and end date. The places you will visit in Mexico. Your current US auto insurance policy number. You can find this number on the front of your insurance card and bills, statements, and other documents about your policy. Your driver's license. You might have to pay higher insurance rates if you are 21 years old or younger. T...

Protecting Your Investment—Why Mexican Liability Boat Insurance is a Must for Expats in Mexico

 If you live in Mexico as an expat and own a boat in the country, you must get Mexico boat liability-only insurance. You must buy this insurance from a company licensed in Mexico as your US insurance is not accepted or recognized in Mexico. Your boat insurance will cover third-party damages if your boat accidentally injures someone or damages their property. If you get in a boat accident in Mexico, it's important to show you have enough money to pay for damages resulting from the accident or “proof of financial responsibility”. If you don't carry enough money and you don’t have a separate Mexico boat insurance , you could get into big trouble with the law. You could be looking at hefty fines, your boat might be impounded, and you might even have to go to jail. What Mexico boat liability insurance covers (and what it does not) Mexico boat liability insurance protects you financially if you cause an accident with your boat. If you accidentally injure someone or damage their pr...

Driving Safely in Mexico—Must-Have Features in Your Mexican Auto Insurance Policy

 When going on a road trip to Mexico, having the right auto insurance is important. Driving in a foreign country can be complicated since you must be familiar with a whole new set of laws. But with the right Mexico auto insurance , you will be financially prepared for the unexpected. It can save you both money and stress if you get into an auto accident in Mexico. So, let’s talk about the must-have features in your Mexican auto insurance policy that will protect you when driving on Mexican roads. Liability: Suppose you accidentally injure someone or cause property damage while driving. In that case, liability coverage will pay the amount you are legally obligated to pay as damages (up to the policy limits.) Keep in mind that Mexican law requires drivers to have liability insurance, and your US auto insurance policy is not recognized in the country. If you want insurance that covers you for liability while you are in Mexico, you will need a separate Mexico auto insurance policy i...