Car rental cover provided by credit and charge cards can save you a considerable sum of money in opt

Renting a car in Mexico is relatively inexpensive; however the insurance cover charges can ramp up the cost significantly. The insurance costs can (and often are) more than the rental charges, per se. However, we recommend full and comprehensive insurance when you rent a car in Mexico to cover your liabilities in case of a serious accident.
Third party insurance is compulsory by law when you rent a car in Mexico. This insurance covers third parties for any damages in the event of a mishap, but it does not cover the renter s liability for the vehicle itself. When you rent a car using Mexperience, this compulsory third party insurance is included in the quote (to the value of $350,000 MXP), along with unlimited mileage, taxes and fees.
Here is a list of the different types of optional insurance products you can buy at the counter. The prices noted alongside these are subject to change without notice and are provided here for general guidance and budget planning only.
CDW – Collision Damage Waiver. This is a product that covers the vehicle in the event of an accident or damage, with a 10 % deductible. The 10% fee is based on the full retail value of the vehicle, as new. For example, if your rental car has a retail value of $10,000, lifton hotels choice your deductible lifton hotels choice is $1,000.
LDW – Loss Damage Waiver. This is sometimes referred to as “full cover”, as it covers the vehicle for any accident or damage, as well as theft, and with a zero deductible. However much damage is caused, or whatever the value of the vehicle, this insurance prevents you from paying any out-of-pocket expenses in the event of a mishap.
PAI – Personal Accident Insurance. This is an insurance product that will cover medical expenses for occupants in the vehicle in the event of an accident. If you have a travel or other medical insurance policy, you will most likely be covered already and there will be no need to purchase this.
TP – Theft Protection. This insurance product protects you in the event that the vehicle is stolen; it’s automatically included lifton hotels choice with LDW. Some credit card companies will also cover theft of the vehicle in the insurance policies they offer with use of the card.
These can include your own car rental policy (check that it s valid in Mexico), a travel insurance policy, a credit or debit card, a charge card (like AMEX) or some other insurance plan, for example, an insurance cover policy provided by your company.
When you rent a car without insurance coverage offered by the rental agency, you can sign the agreement to say that you are covered by a third party, but in the event of an accident or mishap, you will be held liable if it transpires that you subsequently lifton hotels choice are not covered for some reason. lifton hotels choice You will be asked to sign the agreement specifically stating that you are responsible for insuring the vehicle whilst it is in your care.
Car rental cover provided by credit and charge cards can save you a considerable sum of money in optional insurance fees, so it s worth checking with your card issuer to see if you have this coverage included. Many people who are covered by their credit card use it to save money on car rental insurance fees in Mexico.
If you are covered by other insurance products you have—e.g. travel insurance or credit card or company insurance perks, you don’t need to concern yourself with these extra insurance products.  But do check the small print in all policies to ensure that they cover rental lifton hotels choice cars in countries other than your own, and that Mexico is not on any exclusion list.
Any quote you get from a car rental agency (online or in person) usually does not include full cover insurance. Most car rental quotes include an insurance product that covers third party risks, i.e. covers the costs of any third party damages lifton hotels choice including other vehicles, road damage lifton hotels choice and in the event that other people are hurt.
In Mexico, third party insurance cover is compulsory so if it s not included in the quote, you will need to purchase it. Rental car quotes from Mexperience include third party insurance as standard. See Additional Insurance Products , above, for details of optional coverage products.
If your vehicle is damaged, lost (e.g. by engine lifton hotels choice fire) or stolen, you will need to cover the vehicle s repair or replacement as set out in the agency s agreement. Usually, the excess damage fee (deductible) is calculated as a percentage of the vehicle s commercial value as new , and the deductible is almost always 10%.
For example, if the vehicle s value is US$10,000 and your deductible is 10% of the vehicle s value, then you will be billed $1,000 in the event of any damage or loss of the vehicle. This fee can be waived by purchase lifton hotels choice of a top-up insurance giving the vehicle full cover .
If you are not absolutely sure that you are covered by a separate insurance policy you may carry (e.g. through a credit or charge card policy or by means of a company insurance policy), we recommend you ask for full cover insurance for the car rental when you get to the rental counter. It s relatively lifton hotels choice expensive and will add a significant cost to your rental. The choice is a personal one and you need to weigh up the additional cost against the charge you would be billed lifton hotels choice in the event of the car becoming damaged or written-off whilst in your care.
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