Liability insurance for your boat or personal watercraft is as important as your auto policy.
There have been changes in the law that make liability and legal coverage a necessity when bringing your boat or personal watercraft into Mexico. Policies are available from one day to one year and you can get coverage in just 5-10 minutes by applying online.
Policies limits range from $50,000 – $250,000 bodily injury per person, $100,000 – $500,000 bodily injury per accident, and $100,000 – $250,000 property damage liability per accident. Legal assistance has a $20,000 limit on all policies.
Watercraft Insurance FAQs
Do I have to have coverage on my boat or personal watercraft?
Changes in Mexico’s laws now require you to have Mexican boat liability insurance anytime you are in Mexican waters. If you are entering a marina in Mexico, you are required to have a policy prior to entering so be sure to get coverage before you leave your home port.
What types of watercraft can be covered?
You can purchase temporary watercraft coverage for powerboats, sailboats, yachts, and personal watercraft. Boats have a limit of 175 in length.
Are there any limitations to the policy?
Watercraft coverage is for recreational use only and does not cover commercial use or racing. Policies offer coverage for watercraft up to 175 feet that are registered in the United States or Canada. Policies do not cover physical damage, theft, or medical payments for watercraft passengers.
What kind of information do I need to get a policy issued?
You need the following information available before applying for a quote:
- Year, make and model of your boat or watercraft
- Type of boat (i.e. powerboat, sailboat, yacht, personal watercraft)
- Registration number and Hull ID number (HIN)
- Drivers license information
- Length of boat
- Maximum speed
- Where the boat will be traveling in Mexico
- Number of operators under 21 years old (if any)
How is the price determined on boat and watercraft insurance?
The price of the insurance depends on the number of days you need the policy and the type of watercraft you are bringing to Mexico.
Are physical damages to my boat covered in the liability policies?
Nope. The policy only covers liability in the event you cause damage to someone else’s boat or personal property. You need Hull (physical damage) coverage from an authorized provider to cover any damages to your watercraft. Check with your US insurance provider to see if this is offered.
If my plans change and I do not need the policy, can I get a refund?
If your policy has not started, you can get a full refund, however, if a daily policy has already begun, we cannot refund your money. If you have an annual policy and wish to have a refund, the refund is calculated but the number of days used based on the daily rate of the policy. Note that annual policies are fully earned after 20 days into the policy.
What insurance company is insuring my boat?
Boat and personal watercraft coverage is through El Aguila or Ace Seguros. El Aguila is a subsidiary of Great American Insurance Company, who is an A+ rated company. Ace Seguros is a subsidiary of Chubb Insurance, one of the largest insurers in the world.