Mexico Liability Law Change State by State Breakdown

February 7, 2013 by
Categories: Mexico

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