ACE Seguros Insurance Coverage

What does the policy from ACE Seguros cover?

Civil Liability:

This coverage fulfills your proof of financial responsibility as required under Mexican law. The coverage pays for property damage and bodily injury to parties other than the insured and occupants of the insured vehicle, resulting from the use of the insured vehicle in a covered loss. Liability limits available: US$50,000, US$100,000 and US$300,000 Combined Single Limit (no split limits).

Physical Damage and Total Theft of Your Vehicle:

This insurance coverage protects your vehicle up to the Actual Cash Value (see below for more information) for total theft, collision, turnover, glass breakage, fire, lightning, explosion, and many natural disasters such as cyclones, hurricanes, hail and earthquakes. The Actual Cash Value is subject to applicable deductibles. Partial theft and acts of vandalism are excluded unless the ACE Platinum Package is purchased. Towing expenses are covered, currently up to US$300 (or the amount stated on the policy) in order to move the vehicle to a place designated by the company for repairs. This may include a repair shop in the U.S. if the company decides to repair the vehicle outside of Mexico.

Medical Expenses For Occupants:

This coverage pays for medical expenses for the driver and occupants of the vehicle for injuries sustained in the event of a covered loss. Motorcycles are not eligible for this coverage. Medical expenses limits available: US$2,000 per person up to US$10,000 per accident, US$4,000 per person up to US$20,000 per accident. Higher limits are available with the Platinum Package.

Platinum Assist:

ACE Seguros Platinum Assist provides various travel services throughout Mexico 24 hours a day. The bilingual service includes legal services and payment of bail bond(s) if necessary up to US$20,000, medical assistance and references, roadside assistance, tourist information, and transmission of urgent messages. View details of Platinum Assist.

Platinum Policy:

ACE Seguros offers special expanded coverage if a Platinum policy is purchased. These features include coverage for partial theft and vandalism, fixed deductibles, increased medical payments for occupants in case of an at-fault uninsured motorist, higher liability limits and increased hourly repair rates for vehicles. View details of a Platinum policy.

Actual Cash Value

In case of total loss, ACE Seguros will adjust on the basis of the Actual Cash Value (ACV) of the vehicle at the time of the accident. This value is derived from the Kelly Blue Book and NADA guides as discussed in the Policy Terms and Conditions.It is imperative that a realistic ACV of your vehicle be determined when purchasing your insurance policy. Underinsuring your vehicle(s) may result in financial penalties in the event of a loss. In the case of over insuring any vehicle, the insurer has the right to adjust the Actual Cash Value to reflect the current market.