Mexico Insurance


Definition of "Mexico insurance"

Coverage through an endorsement to the personal automobile policy (pap) to extend its protection against accidents within a 25 mile radius of the U.S. border. This coverage is excess over liability insurance with a licensed Mexican insurance company. The purchase of Mexican liability insurance is a prerequisite to the extended coverage of PAP.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Medigap Insurance (medicare Supplementary Insurance)

Policy designed to act as a supplement to Medicare. The supplementation is in the form of additional benefits to that provided by Medicare. The additi ...

Accident Rate

Number of times an accident occurs. Used in predicting losses upon which premiums are based. ...

Cash Out Of Vested Benefits

Money withdrawn by an employee from benefits owned. When an employee exercises this right, future benefits purchased by the employer on behalf of the ...

Median

Statistical term indicating the central value of a frequency distribution, such that smaller and greater values than this central value occur at an eq ...

Purchase Price

Cost of an annuity. Annuities are often paid for in a lump sum rather than annual or other periodic payments. This sum, which guarantees an income, us ...

Charitable Remainder Trust (crt)

Trust to which a donor transfers assets and that distributes income to finance a predetermined situation. After the trust expires, any remaining asset ...

Popular Real Estate FAQ

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What does FSBO mean? What is a lock in? What type of a home is a condominium? What is a Good Faith Estimate? What do I need to know about Auto Insurance?