Mexican Car Insurance by MexInsuranceStore.com – What currency is used to pay claims?
Mexican Car Insurance by MexInsuranceStore.com policies states your liability and physical damage amounts in US dollars, and you are paid in this currency if you have a claim. Although the exchange rate varies, you can roughly estimate on a 10 to one conversion from pesos to dollars. Mexican car insurance by MexInsuranceStore.com pays in US dollars. Some policies , especially at the border pay in pesos, making your value in dollars variable and also can be confusing enough that you may think pesos are dollars. Although 400,000 pesos is equivalent to $40,000 when the conversion is 10 to one, the dollar value changes dramatically if the peso varies significantly.
You don’t have to worry about the value of your coverage when you are provided with payment amounts in US dollars. You can confidently purchase Mexican Car Insurance by MexInsuranceStore.com that will best fit your budget and your need for protection. Our goal is to provide you with safe travel options and outstanding customer service, and reliable numbers ensure that you know how much coverage you are actually buying.