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.

Obtaining Temporary Auto Insurance

We have a mutually helpful arrangement with our two friends who live in another country. Every year we go away for two weeks and they have agreed to spend those two weeks in our home in exchange for looking after our pets. They get free accommodation and a holiday. We get peace of mind in knowing that our pets are safe.

We also make our motor car available for their use whilst they are staying in our home. This means that we have had to arrange car insurance for them, so that they can legally drive the vehicle. At first I thought that it would be a lot of red tape to go through because they have Spanish driving licenses. But nothing could be further from the truth. The process was a simple one and was quickly dealt with over the telephone. It probably helped that I used my usual car insurance broker. This is useful because they have a record of my previous transactions and are usually very helpful. All we had to provide were full details of the proposed drivers, and a summary of their driving history. I was a little concerned about this because one of the drivers is under 24 years old and I know that car insurance for young can be expensive; but it didn’t turn out to be a great issue.

The insurance cost was reasonable and was worth the effort. We got a temporary car insurance certificate that covered both of our friends. This certificate lasted for up to 30 days. This gave us peace of mind because we obviously know that it is a legal requirement to have any driver of our motor car legally insured to drive the car on a public road. So having organised the insurance details, all that was left for us to do was to enjoy our time in the sun and have fun.

When we got back home, after the formalities of thanking our friends and making a fuss of our pets, we checked that everything was in order with the vehicle before contacting the insurance brokers to cancel the policy. This last step is not strictly necessary because the insurance cover could be left to run for the duration of the 30 days: But this tidied up all the loose ends for use until the next holidays.

The Need For Legal Counsel in America

When it comes to protecting your family what are the things you consider the most in terms of achieving your goals. Is it a beefed up life and health insurance policy, home insurance or financial security? If it is anyone of these or a combination of insurance policies and your family’s financial security, then you are not thinking far enough in terms of protecting your family.

In today’s litigious society, you can have all the insurance policies to cover you and your family’s life and medical expenses, home and all of life necessities. However, what if you were sued today what type of coverage you have to cover your legal expenses. Currently, a legal insurance plan does not exist and it is not mandatory in North America or Canada to have a legal insurance plan policy. However, it is better to have one in place than to not have one when you are faced with the need for one.

I know – you may feel that you have never needed an attorney and you do not think you will need one in the future. However, I am sure that throughout your adult life you will have needed an attorney but you may not realize that an attorney could help you to have peace-of-mind when it comes down to you going to court for a traffic ticket, settling a dispute with your land lord, Insurance agency, or a retail establishment. You should use an attorney when buying a house or signing any documents or forms. In short, you should use an attorney when making big decisions that affects you and your family’s lives.

OK, do you see the need for an attorney – but what about the high cost of using an attorney to handle life’s events and situations? Well, at today’s prices for attorneys, you could pay anywhere from $200 an hour or more. I know – this is a huge deterrent for average people to use an attorney on a more frequent basis. If there was a way to make having an attorney more accessible to you when you and your family need one without having to worry about the cost would you use the service?