I’ve been an insurance agent for roughly 15 years now, and during that time I think that I have seen each claim achievable. I have sold every kind of insurance : auto, home, business, life, health, disability, etcetera, and I are presently selling Mexican car insurance.
Insurance in Mexico is a tiny bit different animal than it is in the U. S. , as there are some coverage constraints that somebody from the united states would not expect to encounter. Below I have listed just a few of these differences, and please dont confuse this with a complete list of all the differences, because there are too many to list.
- • “Named perils” policy versus “all risk” policy
- • Travel Assistance
- • Variable deductibles versus fixed deductibles
Now I want to address the named perils versus all risk policy difference. Firstly, what is named hazards? It is when an insurance policy names the specific hazards that are covered by the policy. For example : collision, fire, upset, total theft, etcetera.
A, so called, all risk policy states that we will cover the insured property for anything that occurs, and then it takes away specific hazards, called exclusions. Exclusions that are common to any insurance cover are : nuclear event, war, civil unrest, and etcetera. I call the all risk policy so called as it does not cover everything. It’ll take away some risks. However , it provides much more coverage than does the named hazards policy.
almost all Mexican car insurance plans are named dangers policies, while nearly all US policies are all risk policies. You need to be mindful of this prior to going to Mexico, and remember that your Mexican car cover will be offering a rather more limited coverage than does your present US policy. I haven’t begun to find an all risk Mexican policy, and if I ever find it I’d imagine that the price would be thru the roof.
I actually hope that you like your vacation, and you purchase Mexican car insurance before your trip.
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