For those of you unfamiliar with the rules about Mexican auto insurance coverage, here is your crash course. Asian authorities, meaning the Mexican police and also the Mexican court system, do not identify US or Canadian vehicle insurance. In a bare minimum, you must get a Mexican liability auto insurance policy to cover damages you might cause to 3rd parties. If you do not have liability insurance that's underwritten by a Mexican insurance organization, you could face a real nightmare should you were involved in a traffic incident. If you are in a traffic accident in Mexico and you will not prove that you can purchase the damages you caused to a 3rd party with a Mexican insurance policy, there is a good possibility that the vehicle will be impounded and will also be detained until you come up with the funds to cover the damages. All of this hassle can be avoided for those who have a Mexican liability insurance policy that demonstrates your ability to cover the damages. So always purchase a Mexican insurance plan before you drive your vehicle in to Mexico.
OK - So now that you understand that you need to get a Mexican RV insurance plan, you are now probably wondering where you can purchase this insurance, and what coverage would you actually need. This article will provide you with a road map of how to look for your Mexico RV insurance.
Is your RV registered in america or Canada?
This actually can make a huge difference in the options open to you for insuring you RV in South america. Many US RV insurance companies possess recently introduced special RV insurance applications which actually extend physical damage and theft insurance policy in to Mexico. Sorry Canadians, truth be told there are no Canadian RV insurance companies who extend any kind of RV insurance coverage into Mexico, but perhaps this will change later on. Until then, this portion of the content only applies to US registered RVs.
Some US RV insurance carriers lengthen physical damage and theft coverage into Mexico.
So if your RV is registered in america, you may want to seriously consider having your US RV insurance through a US RV insurance provider who extends physical damage and thievery coverage in Mexico. At the time of the article, these companies include Progressive, Nationwide Interstate, and AIG. If you go with your US carriers, you will only have to purchase a Mexican liability insurance policy rather than a Mexican full coverage insurance plan. Because these US carriers will purchase damages to your RV while it's in Mexico, this alleviates the need that you should also purchase any type of physical damage and theft coverage with the Mexican insurance carrier. A Mexican liability only policy is a lot cheaper than a Mexican insurance policy which include physical damage and theft coverage.
Example of cost savings if you have US RV insurance that extends physical damage and theft coverage into Mexico:
Cost of your US RV Policy to have an RV worth $80, 000: $800 each year
Cost of your Mexican liability only policy for six months: $125
Total Cost: $925
Example of your cost for those who have a US RV policy that doesn't extend physical damage and theft into Mexico.
Cost of your US RV Policy to have an RV worth $80, 000: $800 each year
Cost of your Mexican full protection policy (liability and collision / theft) for six months: $700
Total Cost: $1, 500
As possible see, you can save a considerable amount of cash by going with a US RV insurance plan that extends physical damage and thievery into Mexico. It becomes a two for the buying price of one insurance policy.
Tips for buying US carriers who extend into South america: Make sure to ask how much into Mexico their coverage will lengthen. Some US companies only extend protection 25 miles into Mexico, so ensure that you ask specifically about this. Only buy a policy that covers your RV for the whole country of Mexico.
If your ALL OF US RV insurance extends into Mexico, you'll still need to purchase a Mexican liability insurance plan for your RV. Do not forget to buy your Mexican liability policy!
Mexican insurance with regard to Canadian registered RVs
As stated formerly, there are currently no Canadian insurance providers who offer RV insurance programs which extend coverage into Mexico. So if you wish to physical damage and theft coverage for the RV while it is in South america, your only option is to buy the physical damage and theft coverage with the Mexican insurance carriers. This is not really a terrible option, but you will have to do some careful shopping to make sure you're getting quality Mexican insurance for your own RV. This option also applies for all of us registered RVs that are insured having a US company who does not lengthen physical damage and theft coverage in to Mexico.
Where to purchase your South america RV insurance
Although you could wait till the last minute to purchase your Mexican insurance at the Mexican edge, most RVers choose to plan ahead and get their Mexico RV insurance through the US or Canadian insurance broker well prior to their Mexico trip. The internet is the greatest place to find a company that sells Mexico RV insurance.
Not all Mexico RV insurance may be the same!
When shopping for Mexico RV insurance on the web, you can either get a quote directly from the website or you have the option to call to obtain a quote over the phone. This process usually takes just a few minutes. Many of the internet web sites for Mexican insurance offer multiple Asian insurance carriers, so you will have the ability to compare prices and insurance coverages to be able to select the best plan for your circumstances.
When comparing Mexico RV insurance, ensure that you research the following coverages and advantages.
Deductibles: Make sure to understand your own deductibles. Some Mexico RV insurance deductibles provide a percentage of the value of the RV. For rigs valued over $50, 000, these deductibles could possibly get really high. Some other companies offer fixed deductibles that will lock in your deductible at a fixed amount whatever the value of your RV.
Labor rates for repairs made in america or Canada: Make sure to look for Mexico RV policies that permit you to repair your RV in the ALL OF US or Canada, and check to see what the hourly labor rate is how the Mexican insurance company will pay with regard to these repairs. Some of the more affordable Mexico RV policies will only pay $20 each hour for US repairs, while some from the better Mexico RV policies will pay $75 each hour or whatever the current US work rate is. This is obviously the most well-liked choice.
Liability Limits: With insurance, greater liability limits are always better. It is suggested to get a minimum of $70, 000 really worth of liability insurance in Mexico, but many policies will go up to $300, 000
Legal Service: All from the quality Mexican insurance brokers will consist of legal services at no extra cost. Do not buy a Mexican insurance policy that doesn't include legal service coverage.
Medical Evacuation, Seats Home, and other Travel Assistance insurance coverages: Some of the better Mexican insurance vendors will even bundle in these travel assistance insurance coverages at no extra charge. These are excellent coverages to possess, so it is highly recommended to locate a Mexico RV policy which includes these extra travel assistance insurance policies.
If all of this information has your face spinning with questions, you can always call a Mexican insurance agent and let their customer service individuals answer your questions. If the vendor includes a website, make sure they have a valid insurance license listed on the website, and they should also have links to their Bbb statistics available. Unfortunately, there are some vendors who're more professional than others, so do some research to ensure you are working with a quality insurance agent who has a solid reputation.
Armed with this particular information, you should be on the right path to properly insuring your RV during Mexico. Once the Mexico RV insurance coverage is secured, you can then concentrate on having a fun and exciting RECREATIONAL VEHICLE adventure in Mexico.
