1. Customer must provide Mexico
Insurance Verification which includes the following:
-- GMAC listed as lienholder/loss payee
-- Customer and/or cobuyer listed as the insured
2. Policy must meet the following
deductible criteria:
-- Collision Deductible 2% of the vehicle value (subject to policy
minimums) OR a fixed deductible of no more than $500.
-- Total Theft Deductible 5% of the vehicle value (subject to policy
minimums) OR a fixed deductible of no more than $1000.
-- Minimum Liability Coverage $100,000 combined single limit (CSL).
3. Policy dates must cover the dates of travel. Customers MUST obtain
adequate physical damage coverage to cover Collision and Theft coverage
for the Actual Cash Values (current market value) of the vehicle.
If a loss occurs while in Mexico, the customer will be held responsible
for any charges not covered by the loss settlement.
4. Once you purchase your Mexican Auto Insurance via this
link, your policy information is automatically uploaded
to GMAC Finance. After purchasing your policy via this
link or our insurance call center at 866-575-2877, please
call GMAC Finance at 800-200-4622 and you can coordinate the delivery
of the permission letter via fax.