Here Are A Few Tips On Mexican Car Insurance And Travel In Mexico From A Professional Insurance Broker.
As an insurance broker sometimes I am getting frustrated with folk that think that Im ripping them off because I would like to sell them further coverage. Sometimes people actually dont know how much that coverage can be worth, and I cant count up the number of times that I have tried to talk people into something, and they didnt purchase it, and later wished that they had. An excellent example of this is when folk buy Mexican car insurance they must buy the legal aid coverage as well .
Legal aid coverage isn’t sold by the insurance company, but is a product sold by a travel club. It is mostly acquired at the same time that you buy the Mexican auto insurance and will even be listed as a coverage on the declarations page of the policy ; nonetheless it isn’t insurance. It will pay any legal costs, fines, and bonds that are associated with a serious accident in Mexico. The issue with legal aid is that it’s not needed in the united states because we dont have the same legal system as Mexico has.
Let me give you an illustration of a man that was driving back to his hotel late one rain night along a narrow and tortuous road. He could not see well and seemingly wasn’t on his side of the highway when he was struck by a large van caring many passengers. Several people were killed at the scene of the accident and both automobiles were a total loss. The Mexican police followed standard procedure and incarcerated the man. By morning the owners of the van, and the employer of the influenced victims, requested, and was given, a twenty five thousand money only bond.
The man called his insurance company needing payment of the claim to be made as quickly as possible so that he could get out of jail. The insurance firm responded that they required time to research the loss. The man later found out that an investigation could take as long as a few months, and that he could not get out of jail till payment had been received.
He finally had request a second home loan on his home so that he could pay the bond and all associated costs. The Mexican insurance company later paid back all those costs as a part of payment of the claim ; but he didnt have to sit in the slammer for a couple of weeks waiting for the insurance firm to act, and then to ultimately get the second mortgage. All he had to do was purchase legal aid coverage and all of that would’ve been paid immediately.
Part of having a great holiday is great planning. When going to Mexico plan to get Mexican car insurance with the legal aid coverage. I’m hoping that you’ve got a amazing holiday.
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