Do You Really Need Mexican Boat Liability Coverage?

by West Coast Global Insurance West Coast Global Insurance

Do you need Mexican boat insurance coverage if you plan to bring your boat to Mexico? The short answer is Yes.

Mexican boat liability insurance is mandatory for any boat, yacht, or wave runner operating in Mexican territorial waters or entering Mexican ports. Your boat insurance coverage in the U.S. or Canada is not valid in Mexico.

You must have boat liability insurance in Mexico, just as you must have Mexican auto insurance—even if you only plan on taking a weekend trip. Say you are involved in a boating accident in Mexican waters and end up damaging other vessels, docks, or marinas or injuring a third-party individual. In that case, you must either take full financial responsibility for the damages or injuries or get covered by a valid insurance policy. Failure to meet this legal requirement could result in the impoundment of your boat as well as incarceration under Mexican law.

Fortunately, online Mexican insurance is reasonably priced. The premiums are a mere portion of the government fines and penalties you may have to pay, as well as the costs of legal counsel or third-party expenses in the event of a boating accident.

What Does Mexico Boat Liability Insurance Cover?

A Mexico boat liability insurance policy covers the damage your boat causes to other people’s property, the injuries it causes to other people, and any fees related to legal representation and bail bond. A comprehensive Mexico boat insurance policy that includes catastrophic coverage can also protect your boat from hurricanes and powerful tropical storms in Mexico, however this is different coverage.

However, if you decide to purchase boat liability coverage in Mexico, remember that it is not full-coverage insurance. It does not protect you against boat damage or theft. It does not cover the injuries incurred by the people on your boat. So, if you want further protection for you and your watercraft, it is better to get a Mexico Boat and Yacht Insurance with full coverage as well as the Mexico boat liability insurance policy required when navigatining in Mexico waters.

The Takeaway

It is truly a wonderful experience to point your bow south and chart your course into the stunning wide-open waters of Mexico. Part of what makes that experience more enjoyable is knowing that you are sheltered from unforeseen emergencies and complying with Mexican laws.

West Coast Global Insurance offers exclusive Mexico Boat Insurance policies tailored to your needs. Fill out an Online Yacht & Mexico Boat Insurance Application to get a quote for the best Mexico Watercraft insurance for your needs.