Mexican Car Insurance – What’s The Best Type of Policy? Paper or Electronic?
There is a BIG difference between paper generated Mexican Auto Insurance policies and electronic Internet driven policies. Paper generated policies are issued the old fashioned way by insurance salesmen usually in small neighborhood offices and sent to Mexico using the snail mail approach.
Paper generated policies are issued the old fashioned way by insurance salesmen usually in small neighborhood offices and sent to Mexico using the snail mail approach.
In other words, the agent fills out all the paperwork manually, goes to the post office and mails your policy to Mexico. Many agents in order to minimize costs, don’t mail anything until they can send 5 or 6 policies at one time. So your policy may be delayed for a few days.
On top of this, it may take up to 10 days for the batch to get past customs & reach Mexico City, where most of the major insurers are located. Then it must be processed and entered into their master computer database manually one at a time.
What happens if you have an accident & the insurance company doesn’t have evidence of your policy? What happens if you have an accident on a weekend when almost all insurance agents are closed and the ONLY company able to respond is your insurance company?
Since you are held until the authorities can confirm that you have the means to pay for any damages that you are deemed to have caused, it”s important for your insurer to be able to verify coverage quickly.
The Internet is not ALWAYS a bad choice!
Electronically generated policies are made available to insurance company claims personnel 24 hours a day and can be downloaded into their verification systems in minutes. This allows for quicker response & verification time while you are on vacation.
Tags: Car Insurance, Mexican Auto Insurance, Mexican Car Insurance