Report reveals more U.S. citizens travelling to Mexico as Mexican government improves security conditions in popular destinations
Summer is quickly approaching, and Mexico is one of the most popular getaway destinations for U.S. citizens. Millions of U.S. residents travel to Mexico every year for tourism, study and business, and according to the U.S. state department, more than 150,000 cross the border every day, and the U.S. Embassy in Mexico estimates that the number of American citizens currently living in Mexico is in excess of one million, and growing.
With the tourism in Mexico on the rise, a recent report from the U.S. Department of State claims that the Mexican government is committed to improving security conditions in most of the country, in order to create a climate that encourages the U.S. population to regain their confidence towards travel and investment activities in Mexico, despite recent histories of crime and drug-related violence. The report also observed that “The Mexican government dedicates substantial resources to protect visitors to major tourist destinations, and there is no evidence that criminal organizations have targeted U.S. visitors or residents based on their nationality.”
The report claims that resort towns and tourist destinations in the country generally do not see the levels of drug violence and crime reported in the border region or along major trafficking routes.
Improved conditions in the country are reflected in the results of Mexico insurance purchased by Americans, according to MexiPass, a managing general agent and underwriting manager that has monitored risk exposures of American interests in Mexico for the past 25 years.
“The demand for insurance products for Mexico, such as tourist and resident auto policies, homeowner’s insurance, boat insurance, and commercial policies is very active, and the frequency and severity of losses to American Policyholders in Mexico has been decreasing steadily over the past 12 months” said Jose A. Cacho-Sousa Jr., MexiPass product manager.
Because Mexico poses unique challenges in protecting persons and their assets, typical Mexican insurance products can be inadequate or it can be difficult for agents to interpret policies and provide their clients with the correct coverage. As a result, MexiPass has developed products that are similar to U.S. policies.
“This is what we call Mexican Insurance, the American Way,” Cacho-Sousa said.
MexiPass International Insurance provides a variety of commercial and personal insurance products by developing unique partnerships with Mexican insurance companies, making it simpler for insurance agencies to cater to clients’ travel needs.
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