There Is A HUGE Difference Regarding Mexican Auto Insurance Policies And The Kinds Of Electronic Policies Found Across The World Wide Web

Category: Finance, Insurance.

There is a HUGE difference regarding Mexican Auto Insurance policies and the kinds of electronic policies found across the World Wide Web.

In other words, the agent fills out all the paperwork manually, goes to the post office and mails your policy to Mexico. Paper policies, on the one hand, are done in the traditional way by agents in small insurance offices and mailed to Mexican through the regular postal system. Many agents in order to minimize costs, don t mail anything until they can send 5 or 6 policies at one time. On top of this, it may take up to 10 days for the batch to get past customs& reach Mexico City, where most of the major insurers are located. So your policy may be delayed for a few days. Then it must be processed and entered into their master computer database manually one at a time. Even worse, it is a weekend and most of the insurance agency offices are closed.

Suppose the insurance company hasn t received proof of your policy yet and you have an accident? In the US and Canada the law is administered following English Common Law. In general this means that in Mexico you are considered guilty unless proven innocent. In Mexico the law is administered based on the Napoleonic Code. Technically a traffic accident is a felony and the authorities will hold you until you produce a valid Mexican insurance policy or pay for the damages that you have deemed to have caused with payment due from you on the spot. The importance of your insurer to confirm your coverage in a quick manner is vital, as the Mexican police will hold you and possibly confiscate your vehicle until you provide evidence that you can pay for any damages they say you have caused. Unfortunately, the policies of the United States and Canada are not honored in Mexico.

An electronically created policy is made available to the personnel working in the insurance claims department 24 hours a day and are downloadable for their verification systems within minutes. This process permits a speedy response and verification while you are enjoying a vacation.

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