What is the Fixed Deductible option available on my Mexico Insurance policy?

One of the biggest complaints we have had over the years arises from the Mexico Auto Insurance Industry's use of percentage deductibles. Typically, our clients have had to absorb deductibles of two-percent of the vehicle value for collision claims and five-percent of the vehicle value for theft claims.

Many US and Canadian lenders/lienholders/leasing companies now require that deductibles be fixed at $500 for collision and $1000 for theft. GMAC, for example, requires that you purchase our fixed deductible option combined with at least $100,000 in auto liability insurance coverage for Mexico.