Make Sure Your Car Insurance Policy Has You Well Covered
Most drivers will also want to make sure they have automobile insurance in San Antonio and collision coverage for their own Automobile, which will pay for damages in the event that you have caused an accident with another driver or an object, i.e. light pole, wall. Comprehensive Auto coverage pays for damage caused by events other than a collision with another Automobile. This coverage includes vandalism, theft, hail damage, hitting a deer or animal, falling objects and flood. With these coverage’s, your vehicle will be repaired, less your deductible, or replaced, if the vehicle is a total loss.
You also want to make sure your own medical expenses and personal injury needs are met through medical payments coverage and personal injury payments (PIP). PIP can cover lost wages due to your injury and even the cost of a care-giver for the injured.
You can also add in, a loan/lease payoff option on your Policy. If a vehicle is stolen or damaged beyond repair you might still owe more on the loan of lease option than the vehicle is worth. Once your comprehensive or collision Insurance coverage has paid you the actual cash value of your vehicle, loan/lease payoff coverage make up the difference on what you may still owe. There’s nothing worse than still making payments on wheels you can no longer own and drive!
Auto policies in the State of Texas contain several different coverages. To help you better understand it, we prepared a brief guide for you.
Liability: As in most other states, Texas requires all drivers meet the minimum financial requirements for bodily injury and property damage for accidents they are legally responsible for. The current limit is $30,000 per person, $60,000 per accident and $25,000 for property damage. This is included in the basic vehicle policy. However, increasing the limits to say $100,000/$300,000/$50,000 may only cost you $10.00 to $15.00 more per month. It is a very wise investment to pay for the higher limits in case you are sued by a lawyer for an at fault accident you caused.