Daveed(Mexico Wanderer) and I just completed a long telephone conversation on this subject. I have also been in touch with Canadian Rainbird. Here is an eye opener on the insurance topic. If your car is stolen and not recovered the vehicle is deemed by Aduana to be sold!!! You are now responsible for the duties and IVA. According to the following cut and paste that is 40%. Normally the insurance company will not pay for your unit Aduana clears the vehicle.
"What Happens if Your Foreign Plated Car is Stolen? … …. SURPRISE ! @#%&***!!
If your foreign plated car is stolen in Mexico, you owe Aduana a 40% tax (as the Import tax) for not being able to take the car out of Mexico, as you agreed-to when you got your Temporary Import permit. Aduana instituted this fee because past expats would dump their foreign plated cars that they did not want to take back to the border, and then claim that “My car was stolen.” to get around the Aduana requirements.
If you choose to not pay the tax, you forfeit your future rights to Temporarily Import another car and drive it here with foreign plates.
http://www.aduanas.gob.mx/aduana_mexico/2008/vehiculos/141_11258.html
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When it comes to being paid the adjusters in Mexico are no different than NOB. They try to minimize the claim. I was helping an elderly couple as the adjuster did not speak English. The adjuster came to Kino on the bus and asked us for bus fare back to Hermosillo!! At first he looked up the base price for a fancy Van and offered low wholesale. The owner was upset. I somehow managed to get him an almost mid price for a retail high end van. You have to be polite but firm and let the adjuster know that you are not a pushover. They have 30 days from the time you report the loss to pay the claim. Some adjusters will feed you a bunch of BS. Even lies. They are hoping the language barrier will work in their favor. I have also seen where the company had a professional adjuster and settled the claim quickly. They can wire transfer the $$ to your bank. If you leave Mexico before the claim is paid you are supposed to appoint a power of attorney. If you have a toad it must be listed on your MH policy. I don't know what happens if you did not follow that rule.
As for getting a report from your home province that is just a bunch of nonsense. How can the Mounties issue a stolen vehicle report for a vehicle that was stolen in Mexico???. I could see them adding it to their stolen vehicle list and giving Art a copy.I always promote Jim Lewis of Lewis and Lewis as a good broker. He actually helped write part fof the Qualitas policy. I had a problem with a windshield claim and Jim Lewis was a big help. Buying insurance from one of the internet only brokers is a big mistake.
Moisheh
