Mexican insurance
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Mexican insurance provides coverage for tourists when they are driving in the Republic of Mexico. This type of insurance was created because U.S. insurance policies are not recognized by authorities in Mexico in the event of an accident. Because of this, the minimum insurance requirement to drive in Mexico is to have liability coverage from a Mexican underwriter. A “liability only” policy provides coverage for medical expenses and property damage to third parties if you are involved in an accident. “Full coverage” policies are available as well, and they include physical damage and theft coverage for your vehicle, as well as the liability aspect. Some Mexican insurance underwriters also provide partial theft and vandalism coverage as an optional endorsement.
Policies are available from one day up to one year with most annual policies costing less than a policy in the U.S. Additional recommended Mexican insurance policy features are roadside assistance, legal aid and bail bond.
When the Mexican insurance industry began roughly 55 years ago it was primarily done with walk-in offices and drive through services. Because of e-commerce and the convenience of the internet, policies can now be bought online, allowing customers to print their insurance policy from home.