Turtle-Toad
Wherever I park (orig Kingston, WA. USA)
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Joined: 04/11/2004
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Mexbungalows,
Thank you for your clarification and expansion on the insurance issue. I have mentioned that, even though there are posters in the Banjercito office proclaiming that insurance is required (at least the one on Mex-2), I've never been asked to show proof of insurance; nor have I been able to find anything in writing that says you have to have liability insurance. You have just confirmed what I suspected.
However, there is a point that I'd like to get your input on.
You mention the "Legal Fees", which is offered by most of the bigger insurance companies. Are these funds held in the US or Mexico. I know that a couple of the insurance companies that offer "Liability and Legal" are purely Mexican in origin. Wouldn't they keep the funds in Mexico?
One other question; my Spanish isn't all that good, so could you translate "Chofers"? I'm guessing that it means "drivers".
Turtle & Toad, On the Road
37' Georgetown XL w/3 slides, 1 1/2 bath, & 275 watts of solar power
06 Taco TRD (for "Off the Road")
www.turtleandtoad.com
I am here
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Gervais
lake havasu in the winter
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Joined: 04/06/2008
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The Motorhome is registered in my name there is no mentioned of a lien on it,do I still need a letter saying I can travel in Mexico
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Turtle-Toad
Wherever I park (orig Kingston, WA. USA)
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Nope, the Mexico officials will not care because, unless you tell them, they will not know.
However, you better read your financing contract very closely, because a lot of them state that you cannot take the vehicle out of the US without their permission. They can legally demand that you pay up in full or lose the vehicle if you get caught. I'd go so far as to call your insurance agent and ask.
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mexbungalows
las peñas, michoacan, mexico
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Joined: 06/01/2007
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Estimado Turtle Toad
The fund I believe is an aggregate of deposits accrued from USA insurance agents. The monies therefore would have to be transferred from an USA fiduciary to Mexico. A hunch tells me that an adjuster never is allowed access to the money. When a claim is finally settled the Mexican insurance company reimburses the claimant via the USA insurance agency.
Chofer is driver,
Saludos Desde Lazaro Cardenas, Michoacan
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