How does the fixed deductible work?
A fixed deductible is just like your automobile Collision and Comprehensive deductible in the U.S. or Canada. It is a pre-set amount. For U.S. and Canadian drivers, one of the most misunderstood features of the typical Mexico auto insurance is the deductible for Theft and Collision as a percentage of the vehicle value. The amount of the deductible varies from company to company. It is very important that you understand how this works. The best way to find out how the deductible applies to the policy you are considering, please follow the instructions contained in the answer to question 8. above.
