One of the biggest complaints we have had over the years arises from the Mexican Insurance Industry’s use of percentage deductibles. Typically, our clients have had to absorb deductibles of 2% of the vehicle value for collision claims and 5% of the vehicle value for Theft claims.
Many US and Canadian lenders / leinholders / 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 liability coverage. By choosing the fixed deductible option on our QUOTE REQUEST PAGE, you can be assured that you will not be surprised by unexpectedly large deductibles in the event of a loss.
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