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 property, this insurance will pay the related expenses if you are held legally liable. Also, if you need assistance to deal with the legal side of the accident, the insurance can pay for that too.

However, there are some things this insurance does not help with. For example, it will not pay for any damage to your boat itself or if your boat gets stolen. This is because the insurance is structured only to cover you when someone makes a liability claim against you for damages. Medical bills for boat’s passengers are also not covered, and commercial vessels are excluded from coverage.

Find the right Mexico boat liabilty insurance today!

If you want to use your boat in Mexico, you must have Mexico boat liability insurance. The Mexican law demands that all watercraft (including boats, jet skis, and other vessels) must have liability insurance.

As a US insurance agency, West Coast Global Insurance Services knows it can be confusing when shopping for Mexican Boat Liability insurance. So, we offer boat insurance policies from top-rated Mexican companies tailored to the needs of Americans in Mexico. Visit www.westcoastri.com or click this link to find the best Mexico boat insurance policy for your needs.

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