What does Mexico Coverage mean? Read on to discover the definition & meaning of the term Mexico Coverage - to help you better understand the language used in insurance policies.
(1) The coverage provided under certain nonstandard automobile policies issued by U.S. insurers for operation of an insured motor vehicle within Mexico, usually limited to a stated number of miles from the U.S. border. (2) Coverage purchased from a Mexican insurance company for the operation of a motor vehicle within Mexico. In the event of incurred automobile liability, Mexican law recognizes only coverage written by Mexican insurance companies as proof of financial responsibility.
We hope the you have a better understanding of the meaning of Mexico Coverage.