I’ve been an insurer’s broker for about fifteen years now, and during that time I think that I have seen every claim possible . I have sold every kind of insurance : automobile, home, business, life, health, incapacity, etcetera, and I are currently selling Mexican car insurance.
Insurance in Mexico is a little bit different animal than it is in the U. S. , as there are some coverage limitations that someone from the US wouldn’t expect to encounter. Below I have listed just one or two of these differences, and please dont confuse this with a total list of all the differences, because there are too many to list.
- • “Named perils” policy versus “all risk” policy
- • Travel Assistance
- • Exclusions for vandalism and partial theft
Now I want to address the named perils versus all risk policy difference. First of all, what’s named dangers? It is when an insurance plan names the precise risks that are covered by the policy. For instance : collision, fire, upset, total burglary, etcetera.
A, so called, all risk policy states that we are going to cover the insured property for anything that happens, and then it takes away precise hazards, called exclusions. Exclusions that are found in any cover are : nuclear event, war, civil disturbance, and etcetera. I call the all risk policy so called as it doesnt cover everything. It will take away some risks. However , it does provide much more coverage than does the named dangers policy.
virtually all Mexican car insurance plans are named perils policies, while virtually all united states policies are all risk policies. You must be mindful of this before you go to Mexico, and remember that your Mexican vehicle policy will offer a rather more limited coverage than does your current united states policy. I have not begun to find an all risk Mexican policy, and if I ever find it I would imagine the price would be through the roof.
I really hope that you enjoy your holiday, and that you purchase Mexican car insurance before your trip.
