Mexico Insurance – Problems Experienced by Mexico Travelers

Mexican Insurance Store has issued a report on the top legal and insurance related problems experienced while driving on vacation in Mexico. Unlike the law in the U.S., in Mexico the assumption of guilt prevails over the assumption of innocence. The penalties for not having insurance while traveling in Mexico can be severe.

Common Legal / Insurance Problems:

1. Not Having Mexican Insurance.

U.S. and Canadian auto insurance is NOT recognized in Mexico. Vacationers that don’t have Auto Insurance in Mexico and have an accident may spend many hours or days in jail and have their vehicle confiscated.

2. Buying Insurance with services that are NOT Valid in Rural Areas

Some services have fine print that says that they are provided in only “the major cities of Mexico”. Most of Mexico is rural and many vacationers travel far from major cities. It is important to read the fine print of the insurance contract.

3. Not Having Mexican Emergency Medical Assistance Coverage

Most U.S. health insurance is not valid in Mexico.

4. Not Having Insurance for Friends and Family

Don’t forget to get coverage for your traveling companions.

Mexican Insurance Store offers a package deal that includes insurance needed while traveling in Mexico.

– Auto Insurance with services good in cities and rural areas.

– A minimum US $20,000 in Legal Assistance & Bail Bond.

Additional information:

All claims must be reported to an authorized insurance adjuster or claims service center before leaving Mexico. Failing to do so subjects the claim to denial by the Mexican insurance company.

Mexico auto insurance policies are null and void if the driver responsible for an accident is under the influence of drugs or alcohol.

We recommend purchasing electronic policies which reach insurance companies more quickly. “Paper generated” policies often take days to reach Mexico before any official document is available to your Insurance Company. Claims are handled more efficiently using this process.

Many paper generated policies sold in Mexico & the USA also come with additional add-on fees.

What Are the Various Types in Landlord Insurance?

Owing to the different needs and requirements and also the different situations in which the property is being dealt with, there are certain various types of landlord insurance since usually, no two property conditions and insurance requirements are similar.

These days so many different types of landlord insurance are being provided by the insurance companies and an ordinary landlord is guided properly as to which type of insurance will suit his current situation. For example a the insurance policy for a person who has bought his house and is planning to live there, will be different altogether from the insurance of that person who has bought property to rent out and move away from that place. So there are different property insurance policies for different situations. Houses bought through mortgage are often insured through the lender whereas the insurance policy for buying an apartment in a biding will come through the building administration.

There was a time when most of the insurance providing companies were reluctant to offer insurance policies for properties which were meant to stay empty for a while, could be any reason like the owners are required to move to another city or country while no tenants have been rented out the house so far but then in the recent years, certain important and precautionary measures were taken to get this dangerous and risky problem resolved and now proper insurance policy has been made available especially for those homes which had nobody living in there.

If any damage or other mishap takes place I a property and the landlord didn’t get the property insured then there will be no evidence left for the landlord to show and claim how much money was invested in that property so watch out for various insurance policies such as:

Legal Insurance Policy- If you encounter problems like your tenant s not paying bills or is not leaving your house once the contract is over then you definitely need to seek help from the court and that whole process involves a lot of money. This insurance ca help you pay that money and cover your legal costs.

Rent Guarantee Insurance- This type of insurance policy is meant to make sure that the landlord gets the pre-decided and the expected rent regardless of the tenant’s personal situation, willingness, or capability.

I hope these details will help you in understanding about insurance and what are the various types in Landlord Insurance.

Car Insurance Requirements For California Drivers

If you are a new car owner in the state of California, or if you just moved to the state, you need to be aware of the car insurance requirements. Auto insurance requirements are different from state to state, and California has some unique demands here. California only requires that you have insurance to protect the medical treatment and property of someone else that you may have an accident with. We want to take a brief look at what levels of insurance are required for your vehicle so you can be legally insured.

By law in California a legal driver must have bodily injury coverage of at least fifteen thousand dollars per person that is inured, and at least thirty thousand dollars for all the people injured in an accident. This coverage is commonly referred to as fifteen thirty BI. This may seem like a lot of money to cover injuries, but once you think about the rising costs of medical treatment these days you may want to increase it to fifty thousand and one hundred thousand for bodily injury.

A legal driver in California must also have a minimum coverage of at least five thousand dollars of property damage. This will give you coverage to the other person car if you damage it. You really should consider upping this coverage to thirty or even fifty thousand dollars once you consider the prices of cars these days.

Aside from these two required coverages, your auto loan may require than you also carry collision and comprehensive coverage for your own vehicles. The collision coverage will make sure the costs of repairing or replacing your vehicle are covered in case your car it damaged. The ultimate cost will depend on the type of car you own and its age. Your auto lender may also demand that you purchase comprehensive coverage which covers you for things such as weather damage or damage is should run into an animal. Basically it covers any type of damage that is not incurred due to a collision with another vehicle. Comp is usually not very much and it gives you coverage for theft as well, including any personal property inside the vehicle. The cost for both of these coverages will also depend on the amount of the deductible that you choose.

Some other coverages you will want to consider are uninsured motorist coverage and under insured motorist coverage. With the weak economy and job market today many people are choosing to drive illegally without auto insurance. With the uninsured motorist coverage you will be covered for both bodily injury and property damage if you have an accident with another person who is not insured. Even though they may be at fault and owe you to cover medical and car repair bills, they will not be able to pay you if they are not insured. The uninsured motorist coverage protects you in these cases.

The under insured motorist coverage works much in the same way. If you have an accident with someone and they do not have enough insurance coverage to pay for your medical bills or repair bills then this coverage will kick in and pay. Again, considering how many people are trying to cut household expenses this type of insurance makes sense if you can afford it. The amount of your under insured coverage must match the amount you have for the uninsured coverage.