Tag: Mexico insurance

Hurricane Patricia may not have been as much of a disaster as predicted

Julie Campbell
Hurricane Patricia 2015

Despite the fact that it was the most powerful storm ever seen by the Western Hemisphere, it was not the most damaging. The first reports about Hurricane Patricia that were released over the weekend after the storm made landfall on the west coast of Mexico indicated that there had not been any major damage and that there had not been any deaths. The early reports were cautiously optimistic that the broad efforts to evacuate affected areas saved lives. Even though Hurricane Patricia was the most powerful storm of that nature…

Read More

Ally Insurance provides tips for drivers vacationing in Mexico

H. Cutner

The planning season for holiday travels is already underway, and it is anticipated by experts in the industry that travelers from Mexico and the United States who intend to cross the border by car should become aware of the changes that have been recently made to the temporary vehicle import permit in Mexico. An insurance industry analysis in Mexico has shown that new standardized fees that have been in place since June 2011 will likely be impacting approximately 3 million drivers who will be driving their cars, motorcycles, vans, and…

Read More

Knowing how to avoid extra costs with car rentals

Marc

Though representatives at car rental companies have been trained to sell a maximum number of extra services, there are many additional features that you can refuse, as long as you know how to recognize those that are unnecessary. By being able to identify which extras are not required when you rent a car, you will be able to save a significant amount of money. This is especially true in terms of added insurance. If you have already obtained comprehensive or collision coverage through your own car insurance policy, then you…

Read More

Mexico takes out disaster insurance for over $400 million

Marc

On Friday, June 10, 2011, Mexico announced that it had purchased various forms of disaster insurance for more than $400, in order to gain some protection in the areas that face the greatest risk of natural disasters such as hurricanes. According to the Mexican finance ministry, the $404 million (4.8 billion pesos) of disaster insurance was purchased to “protect public infrastructure and homes in vulnerable areas.”  This decision came after last year where there were a staggering 19 major storms that struck Central America, leaving behind damage worth several hundreds…

Read More