The bottom line for getting the right boat insurance in Mexico

Boat owners, quite rightly are pretty fastidious about their insurance. Marine insurance is no joke, and when you’re talking about getting insurance in another country, it can be tricky, particularly if you’re new to the country and don’t know your way around.

Boat insurance has always been a bit more complex than “normal” insurance. The range of liabilities is different, to start with. There’s a difference between car insurance and insuring yourself for an encounter with some of the big ships in the Gulf or on the west coast, or having a problem resulting from “interesting” maneuvers by other boats.

If you’re looking at your needs for boat insurance for Mexico there’s a company called West Coast Mexico Insurance (aka West Coast Insurance in the US) which is a good benchmark service for American boat owners. This company is a general insurer as well as a marine insurer, and they specialize in providing insurance for expat Americans.

This is a good all-round business model for their clients, too. They operate on both sides of the border, and their insurance is “American style” insurance, so it’s very easy to understand. Even people who’ve lived in Mexico for years tend to prefer the familiar insurance model.

 (It really doesn’t matter how well you speak Spanish when you’re talking insurance. The rules differ, the laws differ, and the cover differs according to Mexican law. The best move is to stick with the coverage you really do understand.)

Their Mexico boat insurance is also tailored to the realistic risk exposure and coverage needs of their clients. If you’re a marine business, for example, your range of risks and liabilities will be very different from a vacation cruiser. They make sure that cover is appropriate for risk management, and that the amount of cover is right for your needs.

For more information, please see their website here at www.westcoastri.com. The first thing you’ll notice is that they’re a real one stop shop for insurance. The next thing you’ll notice is that there are plenty of choices of insurance cover. Take the time to explore, then call them and discuss your needs. It will be worth it.

How to Get the Best Boat Insurance in Mexico to Protect Your Valuable Asset

If you’re a boat owner, you may well already know the story about finding boat insurance a bit too well. It’s a question of getting good, do-everything coverage at the right price for the right amounts. That can be very much an acquired taste, and very time consuming. In Mexico, if you’re an expat American, dealing with insurers can be a bit of an issue, too. Even if you speak excellent Spanish, it’s a matter of talking business that works the way you want it to work. 

Boat insurance, on either side of the country, involves a range of cover requirements, obviously including accidents, theft, natural events, and damage. Whether you’re sailing in the Gulf or the Pacific, best practice for consumers is good general cover, and/or any required business or personal liability cover you may consider necessary.

(A note at this point – Overall, personal liability and business cover are good options for boat owners, particularly in busy ports. Mexico, like the US, can be a place for intensive litigation in some circumstances, so this added dimension to basic cover is a good general precaution.)

Now the good news – There’s a company called West Coast Mexico Insurance Services which specializes in offering insurance for expat Americans in Mexico. They operate both sides of the border, and they have a very handy business model for people doing business in Mexico. They’re a general insurer as well, and if you’re looking for boat insurance in Mexico, you can package it with their Mexican condo insurance, business insurance, and other cover you may want.

They work to a US standard of governance, which is a useful benchmark for expats, who may or may not be aware of the Mexican laws and rules regarding insurance. As a basic rule of thumb, their insurance is very much in the US mode, easy to understand and explore when you want good cover.

For more information about their products and services, please see their website here at: www.westcoastri.com. If you have questions or need to discuss specific requirements, you can contact them directly in the US or Mexico by phone or online.