Tag Archives: Mexico Tourist Motorcycle

What are the Time Zones in Mexico?

One of the considerations and requirements of living on the U.S. Mexican border has to be understanding the Time Zones and how they affect both countries. Especially if you do business or commute to work from one side of the border to the other.

I have been involved in the International Insurance industry since 1989, specializing in Mexico, which makes it doubly important to know the Time Zones in Mexico. Additionally, living in El Paso Texas, we are the only major city in the State of Texas that is on the Mountain Time Zone and not the Central Time Zone. We need to know these zones because we deal with numerous offices, agencies, and of course customers throughout Mexico, including Mexico City.

There are three (3) Time Zones in Mexico as compared to the U.S. four (4) time zones in the continental U.S. The majority population lives in Mexico City and Merida locals, and is the same time as our Central Time Zone in the U.S.

The next time zone begins North of Puerto Vallarta, but does not include Puerto Vallarta. It does include the very popular Mazatlan, and Baja Sur (Sur meaning South). This area represents a major play ground for Americans and Canadians, especially those who enjoy the warmth of the beautiful Pacific and Sea of Cortez. Major cities in this Time Zone are Loreto, La Paz and the extremely popular Los Cabos.

Closer to home, our home, is the State of Chihuahua and includes the city of Chihuahua, as well as Ciudad Juarez, that sits next to El Paso Texas. This large area, usually described as the Texas of Mexico, is located in the Mountain Time Zone (one hour between U.S. Central and Pacific Time Zones)

Baja Norte (North) uses the same time as California, Pacific Time, while the entire State of Sonora (located in Northern Mexico, directly East of Baja Norte and bordering Arizona) does not participate in changing their clocks at any time during the year.

We hope this helps you in your Mexico travels. If you have any questions concerning this or anything else regarding travel into Mexico. Please let us know, we will do our best to assist you.

For all of your Mexico Tourist Auto, Homeowners, Motorcycles, Boats and International Health Insurance needs, please call us at 1-800-434-3966 OR Email us at ici@mxici.com or visit us at mxici.com to issue your own policy. We appreciate your business!

Is Mexico Tourist Auto Insurance cheap?

Mexico Tourist auto insurance, like most stateside auto insurers, is regulated by a Federal Insurance Commission. Consequently, rates for Mexico Tourist Auto insurance is submitted, and approved by this Commission. The same regulatory procedures that occur in most, if not all, U.S. states.

Whether the insurance is cheap is determined by what type and kind of insurance you want or need to have. There are currently 19 insurance companies that operate in Mexico that offer this type of insurance. Out of those, there are only six Mexican insurance companies that write at least 5% of the market share or above. The meaning there is that this market represents a small % of the over all insurance market in Mexico. Through my many conversations with numerous administrators and managers, most became involved in this market in order to generate U.S.D. (currency). They all, however, play a major role in the tourism industry, as they provide a product that allows their closest Northern neighbor access to beaches and time shares in the comfort of their own cars.

Rates or costs are determined by the type of insurance you want or need to purchase. For instance, if you want, or if your Lien Holder (who you make auto loan payments) wants you to have physical damage on your car, like theft and collision, then the rate is determined by the value of your car. Most if not all Mexican Tourist auto policies are written on what is called a ACV, or Actual Cash Value basis, and not a Stated Amount policy, where you can just name what ever value you think your car is worth, and then think that the insurance company is just going to fork over that amount…good luck.

Since a very large percentage of vehicle loans in the U.S. are what is called underwater (loan amount over the value of the vehicle), it is important to understand that the Mexican Tourist Auto policy will pay the ACV (up to the insured amount) only, as generally determined by Kelly Blue Book, or N.A.D.A. (National Automobile Dealers Association) appraisal book. Unfortunately, and this is the fault of the financial institutions that make these loans, they want the insured amount of the financed car to show at least the balance of the loan amount. Doesn’t make sense, due to the fact the insurance company will only pay up to the ACV. Another ridiculous requirement involves Ex Pats (U.S. Citizens living in Mexico) who still make U.S. car loan payments, but their financial institution requires they carry U.S. full coverage auto insurance when the insurance doesn’t even provide coverage in Mexico.

The cheapest insurance rate is for the 3rd party liability coverage, which is the only required coverage needed in Mexico. That coverage is for the “other guy”. It pays for any bodily injury or physical damage to their car, that you have caused. It is similar to that which most, if not all, U.S. states require when operating a motor vehicle in the U.S. Those rates generally start at around $ 4.00 a day for the lowest liability limits. NOTE: recently, each Mexican State determined it’s own minimum liability limits, which range from close to $5,000 U.S.D.$ to $540,000 U.S.D.$…that’s right, in U.S. Dollars! You can see the exact requirements for each Mexican State by clicking on this link, and go to the State you are traveling to. Please also note that you might be crossing from one State to another, and thus encounter differing liability limits.

The great thing about the design and cost of Mexican Tourist Automobile policies is that you can choose the limits and coverages you want, and you can purchase them by the day, six months or annual plans. Whether a policy is cheap is strictly determined by your wants and needs. Just like Flo on TV, you can name your price or adjust your costs by what coverages you choose. Never, EVER, mistake an insurance product as significant as this to be based solely on if it is “cheep”, but rather the value you can receive from it. Like, if it offers Guaranteed Bail Bond and Legal Assistance, which is a stand alone feature of some policies, and not on others. In Mexico, Mexico Tourist Auto insurance does not provide for legal representation, unless it is specified as a coverage on the declarations page. Very important, because Mexico follows Napoleonic law, your guilty UNTIL proved innocent.

For all of your Mexico Tourist Auto, Homeowners, Motorcycles, Boats and International Health Insurance needs, please call us at 1-800-434-3966 OR Email us at ici@mxici.com or visit us at mxici.com to issue your own policy. We appreciate your business!

When is 13th Annual Rocky Point Bike Rally?

I just became aware of a unique, and fun filled annual event called the Rocky Point Bike Rally. It takes place every year, and this is their 13th year.

A customer and friend of ICI brought it to my attention today. He purchased his motorcycle policy online and filled me in on the event.

The rally apparently is extremely popular, notching almost 5,000 riders. It begins November 7th and goes thru the 10th. Sounds like a great 3 day weekend.

They charge a nominal registration fee of $ 10.00 that goes to charity. The event draws from riders throughout the U.S. and Mexico.

Puerto Peñasco, or Rocky Point to gringos, is an extremely popular travel destination, especially if you live in Arizona, New Mexico or certain areas of Texas. This tourist village is usually the closest to theses three States to the ocean. People with RV’s, and especially college students of Arizona and Arizona State frequent this gorgeous spot on Mexico’s north end of the Sea of Cortez.

We have included a link that provides information on where the event begins, and answers a couple of simple questions regarding what is needed to cross into Mexico. The link is: http://www.rockypointrally.com/

We have a fantastic insurance product for your bike, if you intend on joining. OR, if not this rally, maybe in the future you may be considering a ride with a few friends. You might also really, really consider purchasing your International Health & Accident insurance at the same time, as your U.S. or Canadian Health insurance most probably will not cover you in Mexico, and many Mexican Motorcycle insurance policies provide very little if any medical coverage on their policies.

So call a few friends, and join like minded biker enthusiasts for a fun filled weekend!

For all of your Mexico Tourist Auto, Mexico Tourist Motorcycle, Mexico Homeowners, Mexico Tourist Boats and International Health Insurance needs, please call us at 1-800-434-3966 OR Email us at ici@mxici.com or visit us at mxici.com to issue your own policy. We appreciate your business!

So you think your covered with your U.S. insurance in Mexico?

Unfortunately many people believe this myth. Again unfortunately, it is because most of our U.S. insurance companies giving credence to this belief by implying their Mexico Border Endorsement provides coverage in Mexico. It “might” for physical damage (damage to YOUR vehicle) but NOT for the 3rd party liability exposures you encounter in Mexico.

First, a brief explanation. Automobile insurance is broken down to specific parts or types of coverage. 3rd Party Liability is the part of your auto insurance that provides monterary compensation to “others” that you have either injured or caused property damage to. It is not for you, it is your fiscal responsibility to pay a 3rd party when you are at fault in an covered accident. Just a brief note about Mexico and their 3rd Party Liability requirements, click here for the latest information regarding those limits. Special note: Your destination may entail driving through various Mexican States. It is wise to at least purchase the States highest 3rd party liability limits that you travel.

Mexico’s vehicle laws are implemented differently than those in the U.S., and require payment at the time of the accident, OR, you must posses a valid Mexico Tourist Auto policy from a Mexican insurance company. The authorities will negotiate with the Mexican insurance companies Claims Department, or Adjusters.

So your U.S. auto insurance is not applicable when in an accident in Mexico. Restitution is immediately required, and trust me, your U.S. insurance company is not going to send their U.S. Adjuster to Mexico to ajudicate your claim. Therefor, you will be required to pay out of your back pocket the damages or repair costs to the 3rd party on the spot, OR, they may impound your vehicle until restitution is made, OR, they could, and this is extremely rare, incarcerate you until restitution is made.

You may say, but my policy says I am covered, and I am an American! GOOD LUCK with that gem of a statement as your vehicle is impounded while you go back to the U.S. to get $ for this claim. OR, you can speak to your U.S. insurer, who will happily explain to you “NO problem” just bring us a copy of all the police reports and tow or drive your vehicle back to the U.S. and we will gladly pay your claim! There are numerous other scenarios where this can just only get worse, but I am not about to dissuade you from traveling to Mexico, just be wise and purchase your Mexican Tourist Auto policy prior to leaving the U.S. Inexpensive and very simple…

Another thought. I have recently pursued and have made avialable on line, the Mexico Border Endorsments from Nationwide (Texas) and Allstate (Texas). They are vague at best without specific coverage definitions, and also realistically convey that their coverage is not recognized in Mexico. Why they make it part of the policy, I will never know.

To view these documents, click on the following:

Nationwide (Texas) Mexico Border Endorsment

Allstate (Texas) Mexico Border Endorsment

We hope this helps with any questions or concerns you have about your U.S. Auto insurance and the implications that could arise if you depend solely upon that as your proof of insurance in Mexico.

For all of your Mexico Tourist Auto, Homeowners, Motorcycles, Boats and International Health Insurance needs, please call us at 1-800-434-3966 OR Email us at ici@mxici.com or visit us at mxici.com to issue your own policy. We appreciate your business!