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Mexico Boat Insurance - Top 10 FAQ's About Buying Mexico Boat InsuranceMexico Boat Insurance for boats registered and/or flagged in Mexico or other countries. Full Coverage & Passenger Liability policies. Get Mexico boat insurance at rates that are 40% less than normal yacht insurance. Our comprehensive boat insurance is priced like boat liability insurance. Mexico requires liability coverage for boats and yachts, from a Mexico-domiciled insurance company, just as it requires for autos.