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As the holiday travel season approaches, IBA West members can easily offer Mexico auto insurance coverage to their customers traveling to Mexico. With IBA West's Mexican Auto Insurance program you can issue a policy while your client is sitting in your office.
The Mexico Tourism Department reports that 36 million autos make over 80 million entries into Mexico from the U.S. annually. Mexican Tourist Auto Insurance includes autos, trucks, SUV's, RV's, motor homes, boats, watercraft and trailers.
International Insurance Group (IIG), the largest MGA specializing in Mexican Tourist Auto Insurance has teamed with the IBA West Service Corporation to offer IBA West members in California and Washington website access to Mexican Tourist Auto Insurance.
IIG's patented, award-winning, bilingual website solution eliminates the need for an application or pre-printed forms. IBA West members can issue the official Declarations Page and the Terms & Conditions via the Internet. The policy Declarations Page and the Terms & Conditions (optionally) are printed at the agency's computer immediately. Website sales are made with a credit or debit card, either the client's or agency credit card. If an agent wishes to issue policies and accept cash, this can be arranged with the agent authorizing a monthly sweep of a designated account for the NET amount due for policies sold.
IIG’s four underwriters include Grupo Nacional Provincial (GNP), an A.M. Best A-rated company. GNP is the second largest Mexico insurance company and the largest underwriter of Mexico tourist auto insurance. IIG also offers GMAC’s ABA Seguros, HDI Seguros (formerly GE Capitol’s Seguros Del Centro), the fourth largest underwriter in this market; and ACE Seguros, a company in the ACE-INA Holdings Group of Companies, which writes over 20 billion in premium annually worldwide. GMAC’s ABA Seguros and ACE Sequros parent companies are both A-rated.
Latest version of system offers even more competitively priced coverage’s from four major underwriters including partial theft, vandalism, and optional fixed deductibles, which many lien holders now require.
IBA West member advantages are:
Click HERE for more information on IBA West's Mexican Auto Insurance program.