The annual migration of several hundred boats are about to begin the journey south along the Pacific coast of Mexico with the arrival of ideal winter cruising weather. Some of you will sail south alone, some will buddy boat down with a few fellow boaters, and others will participate in the various races and rallies like the Baja Ha Ha and CUBAR in November, and the Puerto Vallarta Race in early 2016.
Whether racing or cruising to Mexico, all boats navigating within Mexican Territorial Waters must carry Vessel Liability Coverage underwritten by a Mexican domiciled insurance company. Yacht insurance policies placed with U.S. or European insurers do NOT fulfill this legal requirement in Mexico. Mexican Vessel Liability insurance is mandatory and will cover you for damages you cause to other yachts, fixed property, or injuries you cause to 3rd-party individuals as a result of an at fault collision with your boat. This insurance is very affordable and can be purchased online in real time with a credit card. The premiums are a small fraction of the government fines you may have to pay, or costs for legal representation, or expenses to pay to 3rd-parties in the event of an accident.
At Novamar Insurance Mexico we created the Exclusive Novamar Mexican Vessel Liability Policy to provide the legally required coverage you need and all our policies INCLUDE the following additional benefits:
The main objective is to enjoy your guests and family aboard your boat on your trip south. Part of that enjoyment is having piece of mind knowing you are protected from unforeseen situations, are in compliance with the laws of Mexico, and knowing you have a local insurance agent IN MEXICO to provide assistance where you need it and when you need it.
We hope you choose Novamar Insurance Mexico for your Mexican insurance needs.