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What is Mexicos legal requirement for financial responsibility?

April 26, 2017financial Legal mexicos requirement responsibility

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What is Mexicos legal requirement for financial responsibility?

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In case of an accident in Mexico, you are required to prove your financial responsibility at the scene. Mexicos current legal requirement for liability is US $20,000 for property damage and bodily injury combined. However we recommend carrying more to reduce your risk of financial burden. Most U.S. and Canadian citizens feel more comfortable with higher limits especially if they own homes and/or businesses. We offer policies from US $50,000 up to US $300,000 bodily injury/US $100,000 property damage and other limits in between.

0

Posted

In case of an accident in Mexico, you are required to prove your financial responsibility at the scene. Mexicos current legal requirement for liability is US $20,000 for property damage and bodily injury combined. However we recommend carrying more to reduce your risk of financial burden. Most U.S. and Canadian citizens feel more comfortable with higher limits especially if they own homes and/or businesses. We offer policies from U.S. $50,000 to $500,000 and limits in between.