Mexican Car Insurance - Electronic Delivery or Paper Policy?

Mexican Car Insurance - Electronic Delivery or Paper Policy?
by Linden Gray

The difference between electronically generated Internet policies and paper hard-copy Mexican Car Insurance policies is quite considerable.

Paper policies, on the one hand, are done in the traditional way by agents in small insurance offices and mailed to Mexico through the regular postal system.

Basically, an insurance agent will manually fill out all of the paperwork, make a trip to the post office, and then sendyour policy to Mexico. In an attempt to cut costs, it is not uncommon to see numerous agents waiting to mail policies until they have accumulated a total of five or six. Thi
means that your policy could be waiting for a couple of days before it is sent out in the mail.

In addition to the wait, it could take up to ten days for a collection of policies to actually pass through customs and make it to Mexico City. This is where the majority of insurers are found. After that is the processing and entering into the computer database, by hand.

Suppose the insurance company hasn't received proof of your policy yet and you have an accident? Even worse, it is a weekend and most of the insurance agency offices are closed.

The Napoleonic Code is the basis for the law in the Republic of Mexico as opposed to the practice of English Common Law in the US and Canada.

In general this means that in Mexico you are considered guilty unless proven innocent. Technically a traffic accident is a felony and the authorities will hold you until you produce a valid Mexican insurance policy or pay for the damages that you have deemed to have caused with payment due from you on the spot.

Unfortunately, the policies of the United States and Canada are not honored in Mexico. The importance of your insurer confirm your coverage in a quick manner is vital, as the

Mexican police will hold you and possibly confiscate your vehicle until you provide evidence that you can pay for any damages they say you have caused.

An electronically created policy is made available to the personnel working in the insurance claims department 24 hours a day and are downloadable for their verification systems within minutes. This process permits a speedy response and verification while you are enjoying a vacation.

Author Linden Gray is an multi-line insurance veteran with over 29 years of retail & direct insurance experience. Mr. Gray has been featured in many publications including RV Magazine, PE.com, Google, Yahoo, Digg & Buzzle.