I just went to renew an annual insurance policy on a vehicle that is currently in storage in Loreto. I read some of the fine print and noticed for the
first time that the policy is only good for vehicles in the U.S. at the start of the policy. Has anyone else noticed this and what do folks do about
it?
Also, I know these policies say that you have to have current U.S. insurance with the same provisions like damage/theft coverage and the like. My
insurance company offers to maintain a policy but have the coverage suspended when the car is in Mexico? Is that okay with the Mexican insurance? Do
other people do this?Baja_Girl - 6-28-2007 at 06:28 AM
Hi, Ski, I'm about to have the same problem...just bought a Toy 4Runner to drive to and store in Loreto - saw the same provisions in the Mexican auto
policy. I was thinking of buying a 1 year policy, drive it down, bring it back for smog, renew the Mex policy...drive back down.
I wasn't planning to tell my US auto policy company that I'm taking the car to Mexico - to store for a few months - and return later in the year.
Thoughts, anyone?woody with a view - 6-28-2007 at 07:16 AM
can't you buy a mexican policy in mexico? Taco de Baja - 6-28-2007 at 07:19 AM
Quote:
Originally posted by woody in ob
can't you buy a mexican policy in mexico?
Sí, but it is probably más dinero.....bajabound2005 - 6-28-2007 at 07:28 AM
We have an annual policy through MAPFRE/TEPEYAC and the premium is $290 a year. Full coverage on a 2005 SUV and live in Baja full-time. Because we
do regularly go to the US we also maintain a minimum coverage policy there (also required for a SENTRI pass!).bajalou - 6-28-2007 at 07:46 AM
Quote:
Originally posted by Taco de Baja
Quote:
Originally posted by woody in ob
can't you buy a mexican policy in mexico?
Sí, but it is probably más dinero.....
And if you get creamed between the border and the insurance office----woody with a view - 6-28-2007 at 08:30 AM
Quote:
I just went to renew an annual insurance policy on a vehicle that is currently in storage in Loreto.
Quote:
And if you get creamed between the border and the insurance office----
rhintransit - 6-28-2007 at 09:11 AM
I used to suspend my coverage in the states. now I find it easier to have just liability for the USA policy, that way I no longer get notices from
(Arizona) DMV that they are suspending my registration because the vehicle is not insured. millions of catch 22s here in down the rabbit hole land.
who is your Mexican policy with? I will have to get mine out and read the fine print again. all I got was a notice to renew last time, no mention of
in or out of country. hum....
A suggestion
bajaguy - 6-28-2007 at 09:44 AM
Check with our resident Nomad insurance expert, Geoff at BajaBound insurance....see top of this page.
[Edited on 6-28-2007 by bajaguy]toneart - 6-28-2007 at 09:55 AM
I have always carried double insurance. Even though I am in Mulege for 5 or 6 months, it has always been my understanding that my Mexican insurance
(through Vagabundos) isn't valid unless I maintain the U.S. policy.
Part of the cost of being in Baja.jerry - 6-28-2007 at 10:26 AM
you can insure your drivers liesence but thats just liability it covers any rig you drive but dont let anyone else drive it unless they have the same
type of policyBajaGeoff - 6-28-2007 at 03:29 PM
Hello skibum,
We could issue an annual full coverage "resident" policy for your vehicle, but it would require getting special permission since the insurance has
lapsed. It is fairly easy to get approval for this situation though. Getting a resident policy also allows you to have full coverage in Mexico even
though you do not carry coverage in the U.S. This situation is specifically for the underwriters we work with, so I am not sure if other underwriters
have the same guidelines. Feel free to contact me by U2U if you have any questions!skibum - 6-28-2007 at 07:24 PM
Do you have to be a resident to get a "resident" policy?BajaGeoff - 6-28-2007 at 09:44 PM
Hello skibum,
The "resident" term just means that the vehicle will be kept in Mexico for more than six months of the duration of an annual policy. It does not
require you to have a resident visa in order to purchase it though.
