As a Texas driver, you need to gather as much information on insurance coverage as you can. You need to know that liability insurance is required in the state of Texas but there are other coverage that you may not know about.
In Texas, you need to acquire an auto insurance policy that is normally referred to as financial responsibility Insurance. Vehicle insurance coverage is the minimum requirement in Texas, and as such, you need to purchase it so as to protect a third party or any damages to their property. It is possible that you do not know about some of the coverage offered by a liability insurance policy.
In the case of an accident that is your fault, a liability only policy may not cover your expenses and damages to your vehicle. A liability insurance policy must have minimum limits of $30,000/60,000/25,000 coverage. This means that the policy will pay $30,000 to the injured person and up to $60,000 for more than one person. If property is damaged then the policy will pay up to the limit of $25,000.
Texas liability coverage can cover you in terms of the legal expenses and court costs used to present your case with regard to your accident. Whenever a lawsuit is filed against you, it is important for you to get a lawyer who will represent you in court. The cost of defending you in court for an accident you caused is covered with liability insurance. When you are served with a legal notice, you must notify your insurance company right away.
Uninsured/Underinsured Motorist Coverage
This is another coverage you can get in Texas. There are cases where your vehicle may be hit by an individual without liability insurance. This may vary from actual collision to the causing of an accident by someone who is not totally covered or insured. The Insurer has a compensation plan for you.
The expenses you incur from such an accident will be covered by the insurer. It is, however, vital to realize that you will first be required to pay $250, being a mandatory deductible for any damage of property. The liability coverage comes in after you have paid the fee.
There are two main types of uninsured motorist /underinsured motorists that you should take note of. They are:
Property Damage: The damages paid for under this type include auto repairs and items damaged in your car.
Body injuries: This type is responsible for taking care of lost earnings, pain, and suffering, permanent or partial disability from the accident and medical expenses.
You should also note that it uninsured motorist covers your family, passengers in your car at the time of an accident, and any other person driving your car with your permission.
Medical Payments Coverage
This is a coverage that is outlined to compensate on any medical and send off fees that come as a result of an accident. It has a large scope of coverage. You are covered together with your family, anybody using your car at the time of the accident and injured third parties. The positive side of this coverage is that compensation will still be provided regardless of who is at fault.
With comprehensive coverage under a Texas insurance policy, you can be assured that instances other than accidents that affect your vehicle will equally be compensated. Fire, vandalism, theft, hail and falling objects are all covered under this type of coverage. A deductible usually applies before the policy starts to pay.
This type of insurance covers damages that occur to your car in case of an accident. The amount you are compensated here is usually the cost of the repair or replacement of your vehicle minus the deductible. This coverage is usually sold together with the comprehensive coverage.
Rental Reimbursement Coverage
There are special coverage programs you can buy to cover costs incurred from a rented car. It is referred to as rental reimbursement insurance. The costs of a rental car are paid in the event where your car has been stolen or is involved in an accident. Your vehicle may not be compensated if your car is in the shop for bodywork, maintenance or any other mechanical repair that is not associated with the collision. Refer to the policy or our agent on policy specifics.
Towing and Labor Coverage
The towing of your vehicle can also be covered under a Texas policy with this specific coverage. The charges you incur when your car cannot be driven and hence require towing services are covered under this program.
Texas liability insurance coverage is required by the law but there are other types of coverages to choose from. You only need to choose a plan that suits you and your budget.