How To Buy A Mexican Insurance Policy
Since you need to obtain a Mexican car insurance policy if you intend driving in Mexico, it is important that you are aware of all the required factors prior to purchasing one. There are important elements of your insurance policy that you should make sure of before you part with your hard-earned cash.
If you are involved in a vehicle accident, you have to submit your claim to the insurance company underwriting your policy, not your broker. Your broker may be able to offer you assistance, but they do not make the payments for the claim. This means that you should ensure that the company underwriting your policy is financially stable.
You may be able to obtain a cheaper policy from one of the smaller companies, but the lower cost may put you at risk in the event of a claim. You should not simply shop around and opt for the cheapest policy. You should ensure that you are covered for any eventuality and for as much as possible in monetary value.
It is necessary for all brokers who sell Mexican car insurance to be licensed. You should confirm that your broker is licensed and offers you transparency of the policy on offer. You should have the opportunity to check the full terms and conditions before you are asked to pay for the policy.
There are a few pointers you should look for when you choose a broker. Your broker should offer you excellent customer support services. They should offer you easy to use technology which allows you to buy a product seamlessly. The policy should offer you support services and contact details when you are traveling, along with full details about the insurance cover.
It is extremely important that your policy offers you experienced adequate legal counsel, personal liability and a bail-bond cover. If you are involved in a serious accident in Mexico, you will be detained until an assessment is completed regarding the party to blame. If this process lasts a long time, you do not want to have to spend several days in detention. If your policy offers you bail-bond, you will be released, pending investigation.
Your broker and the underwriting insurance company should offer you assistance while you are in Mexico. If you experience a problem requiring their help, you should be able to call on someone in Mexico for help. The company should offer you English speaking customer support assistants who will have the ability to offer you adequate support for your problem. This type of support is vital if you are involved in a serious accident.
To ensure that you get the most from the policy you purchase, you should ensure that the company that underwrites your Mexican auto insurance policy is a stable company. Your broker should offer you the best service and support, both in your country of residence and while you are traveling. You should carry a copy of your policy with you while traveling, with a list of contact numbers readily available.