The Importance of Holding Mexican Auto Insurance
Owning an automobile is a symbol of independence, and it is often a piece of equipment you depend on for transportation. If you travel between the United States and Mexico with your own vehicle, then you are subject to the law of both countries. As such, Mexican statutes have their own requirements that all motorists must follow--including holding accident and liability coverage.
The bare truth of the matter is that not all US-based insurance carriers include coverage for travel in Mexico. While some carriers may include coverage for accidents and property damage, the fine print of such policies may not grant coverage throughout the entirety of Mexico. Furthermore, US-based insurance is not required to provide coverage of financial liability--the likes of which is a requirement for all motorists in Mexico.
Simply put, getting into an accident in Mexico without the proper insurance for their domain is a legal and financial burden waiting to happen. Aside from the large price tag that comes with property damage and repairs, going without a Mexican auto insurance policy also includes the risk of incarceration. Don’t let a seemingly small oversight turn into a quagmire of litigation and ponderous fees. Having Mexican auto insurance ensures you are covered and are following the law.