CrossBorder Travel and Property Ownership Drive Increased Focus on MexicanIssued Insurance Coverage

As crossborder travel, seasonal residency, and property ownership in Mexico continue to rise among Canadians, brokers are seeing renewed attention on the insurance implications of oper-ating vehicles and holding assets outside Canada.

Industry professionals note that one of the most common misconceptions among travellers and property owners is the assumption that Canadian insurance policies extend seamlessly into Mexico. In reality, Mexican law requires certain coverages particularly auto liability to be issued by licensed Mexican insurers, creating a distinct coverage gap for individuals and businesses with exposure south of the border.

In response to these evolving needs, CHES Special Risk has confirmed its capability to support brokers with access to MexiPass, a specialized Mexican insurance program designed for foreign individuals and businesses requiring locally issued coverage that aligns with North American insurance expectations.

The capability allows brokers to address a range of cross border scenarios, including Canadian registered vehicles travelling or garaged in Mexico, foreign owned residential properties, and commercial operations with Mexican exposures. By facilitating access to Mexican issued policies, brokers are better positioned to help clients remain compliant with local regulations while gaining clarity around claims handling and coverage intent.

“Cross border risks don’t always fit neatly into domestic insurance frameworks,” Gary Hirst, CEO, CHES Special Risk noted. “What we’re seeing is a growing need for solutions that recognize legal and regulatory realities in other jurisdictions, while still meeting the expectations of Canadian clients.”

The announcement reflects a broader trend in the insurance market, as brokers increasingly seek specialty partners who can navigate international risk placements without adding complexity to the client’s experience. With more Canadians spending extended time in Mexico, whether for travel, seasonal living, or business demand for informed guidance around local insurance requirements is expected to continue.

CHES Special Risk underwriters work closely with brokers to review client exposures, identify where Canadian policies may fall short, and determine whether Mexican issued coverage is required. The focus remains on education, risk clarity, and ensuring coverage is in place before clients cross borders or take possession of assets abroad.

As cross border mobility and global property ownership become more common, industry observers say specialty capabilities like these will play an increasingly important role in helping brokers manage international risk responsibly.

Brokers seeking further information or guidance on cross border exposures and Mexican issued insurance requirements can connect with the CHES Special Risk underwriting team by contacting info@chesspecialrisk.ca.

ABOUT CHES Special Risk Inc.

CHES Special Risk Inc. was established as a Managing General Agent and Wholesale broker in 2004, in response to broker demand in a hardening marketplace, commencing with a particular specialty in the entertainment and hospitality business, later becoming a fully accredited Lloyd’s coverholder in 2009. CHES Special Risk and sister companies are a fully independent MGA delivering “A” rated capacity both in hard-to-place and standard lines classes, supporting retail brokers in growing and developing their businesses.

Additional information regarding CHES Special Risk can be found at: http://www.CHESspecialrisk.ca.

If you would like more information about this topic, please call us at 416-452-7850 or email Gary.Hirst@CHESspecialrisk.ca.