Mexico car insurance is necessary to prove financial responsibility, but there should be a simple fact that many people overlook. If you are from Dallas, Texas and plan a family holiday in Mexico, you should have insurance for your car to drive in your neighboring country. You plan to go to Mexico, and you plan to take your family on vacation if you have it.
Why do i need a car insurance if i want to go to Mexico?
Mexican law requires you to separate third-party liability insurance with a Mexican insurer for vehicles operated in Mexico and third-party liability insurance. Suppose you are involved in an accident while driving your vehicle in Mexico. In that case, this may result in you having to take out proper Mexican liability insurance, even if you do not need to.
It also requires you to take out civil liability insurance with a licensed Mexican company. You will need to buy a Mexican car insurance company that will take out a third-party insurance policy as proof of insurance coverage.
Your car insurance must be issued by one of the Mexican insurance companies through a broker working for the Mexican Department of Insurance or the United States Department of Public Insurance (USA).
Under Mexican law, you must meet basic insurance requirements and prove financial responsibility, even if the driver is not at fault. As a foreigner traveling to Mexico, the only way to prove your financial responsibility is to have enough real currency to pay for a Mexican company’s non-life insurance.
The USA and Canada’s car insurance is not understood in Mexico and does not cover liability for possible accidents.
The only policies Mexican insurance companies offer is in the form of a one-time payment of $1,000 or $2,500 per month.
Mexican state to determine if the driver would be liable in the event of a fatal accident or death. The liability amount can be up to $300,000 per death or more, depending on which state you travel to.
Mexican insurance significantly reduces the financial burden incurred following an accident and can shorten your time in prison.
Mexico Insurance Provider in Dallas, Texas
Give us a call today or contact us for more information on Mexico Car Insurance, Leo’s Auto Insurance is an agency established in Dallas, TX and works with a wide network of partners in order to give you the best quote that covers your needs.
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