Mexico Liability Law Change State by State Breakdown
In many of our posts we have stated that the actual new maximum liability limit in the event of death depends on how the state law alters the federal law. Below is an estimated state by state breakdown of the new maximum compensation limits in the event an insured causes a negligent fatality. The source is ABA Seguros, and the exchange rate used in the conversions of pesos to dollars is 12.69 MXP:1 USD.
In looking at the state by state breakdown, it is easy to see why we urge with our friends and customers to purchase at least $300,000 in liability coverage, and to seriously consider the $500,000 limit. For more information about these limits, our conversion, or the calculation please contact us today.
| MEXICO LIABILITY LAW CHANGE ESTIMATED MAXIMUM COMPENSATION AMOUNT FOR DECEASED BY STATE AS OF DECEMBER 2012 |
||
| State | Previous Maximum Limit in USD (1 USD: 12.69 MXP) |
New Maximum Limitin USD (1 USD: 12.69 MXP) |
| Aguas Caliente |
To be determined by Judge |
|
| Baja California |
$17,927.82 |
$122,793.54 |
| Baja California Sur |
$42,967.03 |
$294,294.72 |
| Campeche |
$40,663.70 |
$278,518.52 |
| Chiapas |
To be determined by Judge |
|
| Chihuahua |
$21,483.51 |
$147,147.36 |
| Coahuila |
$40,663.70 |
$278,518.52 |
| Colima |
$3,398.61 |
$23,278.17 |
| DF |
$42,967.03 |
$294,294.72 |
| Durango |
$3,398.61 |
$23,278.17 |
| Estado de México |
$3,585.57 |
N/A |
| Guanajuato |
$40,663.70 |
$278,518.52 |
| Guerrero |
$14,342.29 |
$98,234.83 |
| Hidalgo |
To be determined by Judge |
|
| Jalisco |
$17,421.63 |
$119,326.24 |
| Michoacán |
$40,663.70 |
$278,518.52 |
| Morelos |
$129,147.30 |
N/A |
| Nayarit |
$30,497.78 |
$208,888.89 |
| Oaxaca |
$11,033.85 |
$69,834.52 |
| Puebla |
$5,586.76 |
N/A |
| Queretaro |
$40,663.70 |
$278,518.52 |
| Quintana Roo |
$3,398.61 |
$23,278.17 |
| San Luis Potosí |
$13,594.45 |
$93,112.69 |
| Sinaloa |
$13,594.45 |
$93,112.69 |
| Sonora |
To be determined by Judge |
|
| Tabasco |
$6,797.23 |
N/A |
| Tamaulipas |
$14,735.22 |
N/A |
| Tlaxcala |
$5,121.20 |
N/A |
| Veracruz |
To be determined by Judge |
|
| Yucatán |
$40,663.70 |
$278,518.52 |
| Zacatecas |
$3,398.61 |
$23,278.17 |
| Source: ABA Seguros | ||
| Exchange rate used in calculations: 1 USD: 12:69 MXP | ||