Tuesday, July 27, 2010
Monday, July 26, 2010
Friday, July 23, 2010
Thursday, July 22, 2010
What Does Partial Theft Have To Do With Mexican Car Insurance?
I just wished to let everyone know a little more about what Mexican car insurance covers and what it does not. I was at my folks barbecue recently, celebrating my birthday, and my Dad asked me about my web business and my blogs. I told him a little bit about what I do and how things are going, and he asked me what it was that he should know about Mexican car insurance, and more specifically to name a coverage that he did not know about.
My immediate reply was that partial burglary was not covered, and he asked what's partial theft? I mean how can you've a partial burglary, either it was nicked or it was not, it sounds to me like being partially pregnant. that's the classic reply from most Americans traveling to Mexico and hearing about this for the first time, and so I gave my dear of Dad an illustration of partial burglary. Joe drives his new automobile with brand spanking new chrome wheels into downtown Juarez, and parks his automobile along the street while he does some shopping. Joe returns from shopping and finds his new chrome wheels are missing, but the remainder of the vehicle is still there, or perhaps it was actually the radio that's missing, or any other part of the auto, but the auto itself is still there : that's partial theft.
Well, my father did not have anything nice to say of insurance firms, but that's normal for everyone. The point of the story is that if you travel to Mexico you need to remember that partial theft is not covered. The vehicle must be fully gone in order for burglary coverage to apply. Now, you and I'm able to have the philosophical discussion about whether is should be covered, but that's a completely different subject.
Mexico is a wonderful place to vacation and to get out and enjoy life. Before you travel, make sure that you buy Mexican car insurance, and that you know some of its limitations. Partial burglary is not covered.
My immediate reply was that partial burglary was not covered, and he asked what's partial theft? I mean how can you've a partial burglary, either it was nicked or it was not, it sounds to me like being partially pregnant. that's the classic reply from most Americans traveling to Mexico and hearing about this for the first time, and so I gave my dear of Dad an illustration of partial burglary. Joe drives his new automobile with brand spanking new chrome wheels into downtown Juarez, and parks his automobile along the street while he does some shopping. Joe returns from shopping and finds his new chrome wheels are missing, but the remainder of the vehicle is still there, or perhaps it was actually the radio that's missing, or any other part of the auto, but the auto itself is still there : that's partial theft.
Well, my father did not have anything nice to say of insurance firms, but that's normal for everyone. The point of the story is that if you travel to Mexico you need to remember that partial theft is not covered. The vehicle must be fully gone in order for burglary coverage to apply. Now, you and I'm able to have the philosophical discussion about whether is should be covered, but that's a completely different subject.
Mexico is a wonderful place to vacation and to get out and enjoy life. Before you travel, make sure that you buy Mexican car insurance, and that you know some of its limitations. Partial burglary is not covered.
Thursday, July 15, 2010
Wednesday, July 14, 2010
Monday, July 12, 2010
Friday, July 9, 2010
Why Mexican Car Insurance
I like stories and it's even better if they're true, and this one happens to be true. It will help me to demonstrate something about Mexican car insurance.
I remember that some years ago a gentleman by the name of Bob wanted full coverage insurance for his new Harley, and I wrote him a policy that included both comprehensive and collision coverages. I also included the medical payments coverage at the highest limit that I could write at the time.
About nine months after the purchase of the insurance Bob had an accident. He laid his bike down in front of and oncoming pickup truck. Bob walked away from the accident with minor injuries, but his girlfriend, on the back of the bike, suffered serious injuries that required many months of hospitalization, and many surgeries. The oncoming truck was uninsured at the time of the accident.
Bob came to me after the accident wanting all of her medical payments to be covered by his insurance. I informed him that his medical payment coverage would pay up to the policy limit of five thousand dollars, and that he had an additional twenty-five thousand dollars in coverage available to her under his uninsured motorist coverage. Unfortunately, her injuries far exceeded her available coverages. Bob was upset that not all of her expenses would be covered.
I asked Bob: Up to what limit he expected the insurance to pay for her medical expenses? His answer was: Whatever is billed, into the millions of dollars. My answer to him was that he needed a health insurance policy not a property insurance policy in order to cover those type of expenses.
Nobody wants to end up like Bob, but to avoid that you have to know what it is that you are buying and what it is that you need to buy. That is what the moral to the story is: Nobody know what Mexican car insurance covers and what it doesn't cover. You need to do some homework and find out.
I remember that some years ago a gentleman by the name of Bob wanted full coverage insurance for his new Harley, and I wrote him a policy that included both comprehensive and collision coverages. I also included the medical payments coverage at the highest limit that I could write at the time.
About nine months after the purchase of the insurance Bob had an accident. He laid his bike down in front of and oncoming pickup truck. Bob walked away from the accident with minor injuries, but his girlfriend, on the back of the bike, suffered serious injuries that required many months of hospitalization, and many surgeries. The oncoming truck was uninsured at the time of the accident.
Bob came to me after the accident wanting all of her medical payments to be covered by his insurance. I informed him that his medical payment coverage would pay up to the policy limit of five thousand dollars, and that he had an additional twenty-five thousand dollars in coverage available to her under his uninsured motorist coverage. Unfortunately, her injuries far exceeded her available coverages. Bob was upset that not all of her expenses would be covered.
I asked Bob: Up to what limit he expected the insurance to pay for her medical expenses? His answer was: Whatever is billed, into the millions of dollars. My answer to him was that he needed a health insurance policy not a property insurance policy in order to cover those type of expenses.
Nobody wants to end up like Bob, but to avoid that you have to know what it is that you are buying and what it is that you need to buy. That is what the moral to the story is: Nobody know what Mexican car insurance covers and what it doesn't cover. You need to do some homework and find out.
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