The Mexican Tourist Auto
Insurance Policy
What is covered?
What is not covered?
Contrary to the more broad coverage of a standard US auto policy, a
Mexican auto insurance policy is a "named peril" policy. More simply
stated - exactly what is described as covered is specifically all that is
covered - no more, no less. Policyholders should read their policy's Specification
of Risk clauses.
WHAT IS COVERED
There are 6 primary risks covered by a Mexican auto insurance policy:
Risk 1. Collision, Upset, and Glass Breakage with a
deductible of 2% of amount insured with a $100 deductible minimum.
Risk 2. Fire and Total Theft of the vehicle with a
deductible of 5% of amount insured with a $200 deductible minimum.
Risk 3. Property Damage Liability (for the amount
coverage is purchased).
Risk 4. Bodily Injury Liability (insured vehicle
occupants are excluded).
Risk 5. Medical Expenses (coverage is limited to
insured vehicle occupants).
Risk 6. Legal Service and Road Assistance
The above 6 risks of primary coverage are only a listing of some of the
coverage available in a Mexican Tourist Insurance Policy. It should not be
construed as an exact description of coverage for every policyholder, as that
may vary from policy to policy depending on the eligibility of the vehicle, and
the desires of the insured.
WHAT IS NOT COVERED
It is as important to know what is not covered, as it is to know
what is covered. Keep in mind that a Mexican Tourist Auto Insurance Policy is a
"named peril" policy, therefore, it is correct to presume
that what is NOT described as covered means exactly that - NOT covered.
Pilferage - Theft of personal items (purse, camera, car
radio, clothing, suitcases, etc.) from the insured vehicle.
Loss of wages - Employment absence due to
accident.
(NOTE: The "glass breakage" described under Risk 1,
provides coverage only in case of glass breakage resulting from an auto
accident or fire, not as a result of any act of vandalism or pilferage.)
SUMMARY
Although the purpose of buying Mexican auto insurance is to comply with
Mexican financial responsibility laws while traveling in Mexico, it must be
realized that it is not a "travel" policy. It is
strictly an automobile insurance policy with very clear and specific
limitations to what it covers. And remember - if it's not specifically
mentioned as covered - it is not covered.
ALL CLAIMS NEED TO BE
REPORTED IN MEXICO!!!!