Mexico watercraft liability insurance can be essential when riding your boat south of the border. Ultimately, it is the best course to take when riding the clear waters, knowing you have coverage to protect you when things go wrong. Mexico watercraft liability protects you from liability if you experience a boating accident while sailing in Mexican waters.
What Is Mexico Watercraft Liability Insurance?
Mexico watercraft liability insurance is a policy designed to cover boaters who plan to travel into Mexican waters. When this jurisdiction changes, the laws do, too, and it’s essential to ensure that you understand the applicable regulations. For example, if your yacht is bigger than 15 feet long, you must obtain a temporary import permit to enter Mexican waters. Your insurance policy is the only document that’s just as important as this permit.
Are Boaters Legally Required to Carry Insurance?
There’s another critical law in Mexico that yachters must know. Federal regulations mandate boat enthusiasts to carry Mexico watercraft liability insurance before venturing into Mexican jurisdiction. It’s easy to see why — in addition to protecting your own yacht, liability insurance prevents visitors from causing damage and skirting payment. There are plenty of 3rd party watercraft accidents in Mexico, and an insurance policy is the best way to protect all parties involved.
What Does Mexico Watercraft Liability Cover?
Mexico liability coverage includes an array of risks, such as legal liability, property damage, personal injuries, and accidents. Moreover, this type of coverage also covers expenses such as bail bonds and legal expenses in the event of litigation. Nobody wants their Mexican cruise to end in a lawsuit. Still, a liability insurance policy is imperative to ensure that you don’t face exorbitant out-of-pocket costs if it does. You can request your policy’s coverage for any of these events by simply filing a claim with the insurer.
What Doesn’t Mexico Watercraft Liability Cover?
Although Mexico liability coverage accounts for many risks, some liabilities still fall outside its scope of coverage. If a thief can abscond with your yacht, for example, this type of coverage will not cover its replacement cost. Similarly, the cost does not cover medical coverage for passengers. It is because this type of policy only offers coverage for liability stemming from claims of damage or misuse.
Can Mexico Watercraft Liability Insurance Minimize Liability?
Mexico watercraft liability insurance offers many benefits to the insureds. Of course, you don’t plan to get into a boating accident or cause property damage, but it can still happen. If it does, you don’t want to get embroiled in an international case of legal and financial liabilities. Mexico liability insurance can protect you from this possibility and give you the peace of mind to enjoy smooth sailing. Invest in a policy that offers coverage for your next yacht trip to Mexico.
About Mariners Insurance
Mariners General Insurance Group was founded in 1959 to protect boat owners and marine business clients. We are marine insurance experts and insure boats worldwide – in every ocean on the planet. Marine insurance is critical if you own a boat or nautical business. Trust the professionals with all of your Boat Insurance needs – trust Mariners Insurance. Call us at (888) 402-5018 any time you have questions or concerns about insurance for your vessel or marine business.
