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Insurance

Mexican Auto Insurance

If you are thinking that renting a car when going to Mexico is a far better alternative than bringing your own car, think again.

Although renting a car in Mexico is pretty much the same as renting a car in the United States (they have most major car rental players like Hertz, Alamo, Budget and Thrifty), you have to have either a major credit card or loads of cash to pay for the rental deposits (which you have to book way in advance to avail of discounts) and the higher than normal costs for airport transfers and pick-up. Also, you have to have a very keen eye on each and every mark or scratch your car rental has lest you be charged if you had not noticed these.

The one thing that you would have to brace yourself with though with when traveling to Mexico would be the cost of having your car rental insured, which could be very tricky if you are not in the know. If you are not careful, Mexican insurance can cost you an arm and a leg.

Car rental rates would seem very cheap online if you are to compare prices: the caveat though is that these rates do not include insurance costs which could well double or maybe even treble your car rental costs. Fatality liability compensation in Mexico has gone up, thanks to stricter laws that resulted in Mexican auto insurance companies upping their coverages and rates. For first time travelers in Mexico, the choices could be overwhelming so that in most cases, you pay for more insurance than what is necessary for fear of non-compliance.

Mexican Auto Insurance

So what is and is not mandatory? And how much of a coverage is considered to be safe?

As with all other car insurances, the most basic coverage (and the only mandatory insurance for that matter) would be third party liability insurance which would cover claims for injury or damage you caused to another driver, car or property damaged in an accident. This coverage would not pay for damages to your car rental though and in Mexico, you cannot rent a car without buying liability insurance. What car insurance companies would not tell you though is that the mandatory liability insurance is, by Mexican law, already included in the rental rate so that most end up paying for unnecessary additional costs.

The supplemental liability insurance, though not mandatory, is one coverage that most insurance companies will coax you into buying. One might give a second thought though on getting this coverage as with the very minimal cost, this gives additional coverage that you could count on had you figured in a major mishap.

For a certain stipulated amount, most rental car companies would require the car renters to sign a collision damage waiver with the effect of waiving some of the cost of damage or theft inflicted on the rented car. As this is not an insurance, car renters are advised to verify if their credit card insurance benefits cover collision damage. It might be well worth your time to check availability of this feature with your credit card company before you decline this coverage lest you run the risk of spending part of your vacation in a Mexican jail cell.

Types of Travel Insurance

Most of the time, having travel insurance is a requirement for overseas travelling. Especially, if you travel abroad, it is essential to obtain a travel insurance to cover the damages that you may face. Usually travel insurance are of two types, namely one way travel insurance and full coverage travel insurance.

If you think of planning a holiday in a foreign country, here are some things to consider before buying travel insurance.

Limits on trip duration

You need to check the no. of days covered from your insurance policy when you are in abroad. Depending on the travel insurance policy provider these consecutive days of coverage can be varied. So, check on the no. of days before you decide on a policy.

Claims Limits

It is better to have an idea on limits on claims before confirming travel insurance. If you have a clear idea on how much you are allowed to claim for different incidents, it will be helpful for you in future when you travel with the coverage of your travel insurance. For example, if you know how much exactly you can claim if you lost your luggage, then you know whether this travel insurance is worth or not for the amount you pay.

Pre-existing Medical Conditions

If you are with pre-existing medical conditions, it is better to consider the policy clauses and rules before you decide on your travel insurance. If you don’t disclose your pre-existing medical conditions at the time of buying your travel insurance, later your insurance provider may have rights to request your medical records before approving any claim.

The way to report a theft

This is another important factor before you buy travel insurance. Many travel insurance policies specify specific time duration to report theft. It can be within 24 to 48 hours. However, by knowing these details, you will be able to get the maximum benefits of your travel insurance.

Above are some of the important things to consider when you decide on travel insurance. Travel insurance will cover you from most of incidents such as medical costs, theft or loss of luggage when you are on a holiday. Do you have any more tips to add to this list? If so, please share as a comment.

Everything Pregnant Women Need to Know about Travel Insurance

Everything Pregnant Women Need to Know about Travel Insurance

Not all women choose to take a vacation whilst pregnant, but the ones that do decide to find it is a great way to relax and unwind. To make sure that the mum-to-be has peace of mind whilst on her holiday, it’s important that she has the correct type of travel insurance to protect her on her trip. This will cover her against most common holiday setbacks, as well as help cover any needed medical treatment should it be required.

Before Travelling

Any woman who is pregnant needs to consult her healthcare specialist before going away, even if it’s just for a short time. Depending on the pregnancy and how far along it Is, a doctor may urge their patient not to travel. If this is the case, any insurance taken out by a pregnant lady becomes invalid.

Most doctors and insurers are happy for women who are less than 30-weeks pregnant to travel. Afterwards, while in the third trimester, the risk of premature labour increases.

What travel insurance covers when pregnant

Pregnant women get the same type of coverage those who aren’t pregnant get, only with a couple of additions.

• Holiday and flight cancellation is taken care of by the insurer if the lady is late for her travels, or suddenly becomes unwell and is advised to stay at home.

• Baggage is also covered, meaning if it gets lost, stolen, or damaged, the cost of the items will be refunded.

• Emergency transport will be taken care of by the insurer should the pregnant lady be required to travel back to her home country.

• Medical expenses are another thing that will be covered, should they be required. This includes medical expenses due to an accident, or medical expenses that arise as the result of an early labour.

Because pregnant women aren’t encouraged to travel when their due date is approaching, insurance won’t cover the cost of labour if it’s scheduled and on time. Coverage will only apply to premature labour, or complications with the pregnancy.

Conclusion

As with all insurance policies, any pregnant woman wishing to take out travel insurance should read the disclaimers and fine print before doing so. This will help prevent against unwelcome surprises, should they occur. The type of coverage provided and the cost of the policy will differ greatly depending on the insurer.

Pregnant women are no different to other travelers in the sense that they’re encouraged to shop around for the best deal and most extensive coverage. As always, ask any questions if something isn’t clear. Travel Insurance companies will be only too happy to answer them in the hope that the perfect type of coverage will be provided to you.

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