Why Is Mexican Auto Insurance Necessary?

The founder and owner of Magnum Insurance Agency in Chicago, Craig Lamm is committed to helping the Hispanic community gain access to affordable auto insurance. As the owner of the largest Hispanic insurance agency in the market, Craig Lamm employs more than 230 bilingual agents and, in addition to home, commercial, and life insurance, offers Mexican auto insurance. 

When traveling to Mexico by car, it is essential to have protection in the event of an accident. Because most US insurance plans do not cover travel abroad, an accident in Mexico may result in arrest and impoundment until a traveler can pay the full amount of damages. While it is possible to purchase a policy at the border, purchasing a policy prior ahead of time is more convenient and much less expensive. 

Coverage, which usually comprises a lump-sum liability limit, medical insurance benefits, and uninsured motorist insurance, can be calculated daily, semi-annually, or annually. Like American insurance, Mexican auto coverage should be purchased through a trusted insurance company with the expertise to find the best policies and rates.

Magnum Insurance - Benefits of Homeowner's Insurance

Experienced insurance professional Craig Lamm serves as the owner and founder of Magnum Insurance Agency in Chicago. Since 1981, Craig Lamm has offered a diverse range of insurance services through the company.

The largest Hispanic-focused insurance agency in Chicago, Magnum Insurance offers home insurance, covering risks ranging from fire and water damage to theft. The company guides clients through the process of selecting the appropriate coverage needs to fit each individual's situation.

Although not legally required, homeowner's insurance offers security and peace of mind to property owners. However, in order to secure a mortgage, property owners are required to obtain homeowner's insurance.

What homeowner's insurance will cover varies from plan to plan. For example, some plans may provide coverage for outbuildings, but not second residences, such as detached mother-in-law apartments.

Many plans will also cover liability for accidental injury caused to another person, including medical costs for a guest who suffers an accident in the insured's home. Other homeowner's insurance plan benefits range from paying for temporary out-of-home living expenses following a fire to covering damage caused by a flood.