skibum
Newbie
Posts: 20
Registered: 4-3-2007
Location: Mammoth - at the moment
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Problem with Mex auto insurance...
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?
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Baja_Girl
Nomad
Posts: 157
Registered: 4-2-2007
Location: Pasadena, CA
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Mood: suavidad
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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?
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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can't you buy a mexican policy in mexico? 
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Taco de Baja
Super Nomad
Posts: 1913
Registered: 4-14-2004
Location: Behind the Orange Curtain, CA
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Mood: Dreamin' of Baja
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| Quote: | Originally posted by woody in ob
can't you buy a mexican policy in mexico? |
Sí, but it is probably más dinero.....
Truth generally lies in the coordination of antagonistic opinions
-Herbert Spencer
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bajabound2005
Ultra Nomad
Posts: 2760
Registered: 10-15-2005
Location: Punta Banda, BCN
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Mood: words cannot describe...
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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!).
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bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
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| 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----
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
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| Quote: |
I just went to renew an annual insurance policy on a vehicle that is currently in storage in Loreto.
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| Quote: |
And if you get creamed between the border and the insurance office----
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rhintransit
Super Nomad
Posts: 1588
Registered: 9-4-2006
Location: Loreto
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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....
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline
Mood: must be 5 O'clock somewhere in Baja
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A suggestion
Check with our resident Nomad insurance expert, Geoff at BajaBound insurance....see top of this page.
[Edited on 6-28-2007 by bajaguy]
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toneart
Ultra Nomad
Posts: 4901
Registered: 7-23-2006
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Mood: Skeptical
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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.
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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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 policy
jerry and judi
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BajaGeoff
Super Nomad
Posts: 1727
Registered: 1-11-2006
Location: San Diego and Campo Lopez
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Mood: Heading To Baja!!!
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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!
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skibum
Newbie
Posts: 20
Registered: 4-3-2007
Location: Mammoth - at the moment
Member Is Offline
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Do you have to be a resident to get a "resident" policy?
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BajaGeoff
Super Nomad
Posts: 1727
Registered: 1-11-2006
Location: San Diego and Campo Lopez
Member Is Offline
Mood: Heading To Baja!!!
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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.
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