Mexican Insurance 

Mexican Insurance

Thinking of travelling to Mexico? You may want to consider insurance for any liabilities. For instance, an accident which occurs in Baja California where you are at fault and there is a fatality involved there may be several damages you may be liable for.

You may be liable for damage to the other party's vehicle. This is most likely limited to actual cash value of the vehicle at the time of the accident. You may be liable for damage to any other property, such as other vehicles. You may be liable for Medical Expenses (including hospitalization, medication, ambulance etc.). These are most likely much less expensive than in the United States. You may be liable for Funeral Expenses. You may be liable for Economic Damages for wrongful death. These are basically based on the U.S. notion of loss of wage, and are based on the minimum daily wage($3.50) over 2 years (730 days) times some multiplier (2 - 4). In Baja, this would be: $3.50X730X2= $5110. You may be liable for moral damages which are no greater than 1/3 of the total physical, medical, and economic damages.

Overall in terms of insurance coverage the costs for potential liability are less in Mexico than what we are accustomed to in the United States. Nevertheless, it is still very important to have adequate coverage.