Learn more about this code and why it is so important to have it on hand.
What is a car insurance policy number?
The insurance policy number corresponds to a numerical reference or code that insurance companies give to each automobile insurance contract . You can find it at the top of the policy cover.
How to know?
To find out the policy number of a car, you can download the Autofact Report , where by entering the license plate number you can check if the used car you intend to buy has compulsory vehicle insurance with its respective code.
You can also enter the website of the Mexican Association of Insurance Institutions, AMIS, where they will ask you for the vehicle’s serial number to know the policy.
On the other hand, if you want to have your car policy at hand, Crabi, a new car insurer in the country, allows you to store and consult your policy directly in its app, which is very practical in case of an accident or setback. You can visit their website to quote your car insurance and contract it in case the rates and plans are of interest to you.
Also How To Find Insurance Policy Number By Vehicle Number.
What is it for?
The insurance policy is the contract between the insured and the insurance company, which establishes the rights and obligations of both parties with respect to the insurance contracted.
In this context, the policy number is the code that individualizes each contract, therefore, in the event of an accident, this number will be the first thing that the insurance company will request to enforce the policy and cover the damages.
Does the policy number change if the car changes ownership?
As explained on the Transporte. It is possible to transfer an insurance, in which it is not only important that the policy is included, but also that an endorsement is made to the new owner , through a document that specifies the addition or change of an insured, so that he is also protected.
In any case, in the same portal it is detailed that the most common and simple thing is to cancel the old insurance and contract a new policy.
Will you buy a used car?
Check your updated license plate history in the Autofact Report
What is an insurance endorsement?
As explained by the National Commission for the Protection and Defense of Users of Financial Services , the endorsement is a document that allows modifications, additions or clarifications to the policy and generally has an additional cost to the premium.
For example, if you are looking to protect your car’s stereo, you can request an addition to those protected by an endorsement.
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