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Mexico Insurance

Mexico Insurance

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What is Mexico insurance?

Mexico insurance provides liability and asset protection necessary to be compliant with Mexican law.

 

Why am I required to purchase it?

Mexican border patrol requires a renter to be covered under a Mexico insurance policy in order to enter Mexico as it provides the renter/occupants and vehicle with legal compliance upon crossing the border.

 

What does the insurance cover?*

• Liability for injury and/or damages to third parties

• Collision and comprehensive coverage for the rental vehicle

• Theft of rental vehicle

• Medical expenses for vehicle occupants

 

*Coverage limits:

• Collision: $300 deductible

• Comprehensive deductible: $1,000

• Medical expense limit: $75,000

• Third party liability limit: $300,000 (combined single limit for injury and/or property damage)

 

Where is Mexico insurance available?

Mexico insurance is offered at all locations/all brands in the following states: Arizona, California, New Mexico and Texas.

 

What is a Temporary Vehicle Import Permit (TIP)?

A Temporary Vehicle Import Permit (TIP) is a permit that allows non-Mexican citizens to take a vehicle across the border into Mexico from other countries. It is required for areas outside the free or border zone. The free or border zone is the area between 20 and 26 km (12 to 16 miles) from the U.S.-Mexico border.

 

A TIP can be obtained through Mexico’s national bank, Banjercito.**

 

Required documents:

It is recommended that customers carry three copies of each of the following documents:

• Passport

• Driver’s license issued outside of Mexico (Mexican citizens not eligible)

• A Mexican immigration permit, such as a tourist, business or immigrant permit/visa

• The Notarized Authorization Form provided by the rental agent and signed by the customer

• Proof of temporary Mexican auto insurance for the vehicle

• Rental Agreement

 

**For current requirements and other information, visit www.banjercito.com.mx/registrovehiculos/#

 

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