A.M. Best has not rated three large Mexico tourist auto insurers. Travelers should never buy insurance coverage from unrated insurers in the U.S., let alone Mexico!
Flagstaff, AZ (PRWEB) March 3, 2010
Mexpro.com wants to be sure Spring Breakers heading to Mexico this March are aware that U.S. and Canadian insurance companies cannot legally provide Mexico Liability Insurance coverage on vehicles traveling into Mexico. Only Mexican companies can provide this coverage. Travelers should know the financial stability and the details of coverage provided by Mexican insurers before purchasing insurance.
There are a handful of Mexican Insurers who distribute "Tourist Auto" policies, which provide coverage for U.S. and Canadian registered vehicles while in Mexico. The coverage can vary widely among Mexico insurers...some policies closely resemble U.S. style insurance, while others have numerous exclusions not typically found in U.S. policies.
Besides carefully checking the coverage offered by a Mexico insurance provider, it is important to check the A.M. Best (http://www.ambest.com/ratings/guide.asp) rating of the company. A.M. Best rates insurance companies based on a number of factors, including financial stability.
When buying coverage from Mexico insurers, check the specific A.M. Best Rating, reserves, and the local environment for that insurer. For instance, A.M. Best has not rated three large Mexico tourist auto insurers. Travelers should never buy insurance coverage from unrated insurers in the U.S., let alone Mexico!
At a time when many businesses are seeing stock valuations decrease and may be struggling financially, it is more important than ever to purchase Mexico insurance coverage from financially stable, A.M. Best Rated insurers.
There are many websites that offer information and quotes for Mexican auto insurance. These sites allow one to research, compare coverage and pricing, and even purchase a policy online. Waiting to buy a policy and purchasing insurance at one of the stands at the border may not allow time for research and ensure that the insurer is A-rated.
Mexpro.com is an online Mexico tourist auto insurer who only sells insurance for Mexican companies who have received a "secure" rating from A.M. Best.