Selecting the Right Insurance Policy

by Terry Bryant

Insurance Policy

Is this the right insurance policy for you?

The State of Texas requires drivers to maintain financial responsibility, which means that all drivers must have a valid auto insurance policy. Unfortunately, drivers in Texas are only required to carry liability insurance with minimum policy limits of $30,000 per claimant and $60,000 in total coverage for each accident.

Selecting the right insurance policy depends on a variety of factors unique to the individual driver, but it is generally a good idea to take out a policy with more than minimum liability policy limits and purchase additional coverage to protect yourself in case you are involved in a car crash with an uninsured or underinsured driver.

Most common types of coverage available under an auto insurance policy for you to consider:

  • Liability—liability coverage pays for an injured person’s damages if you are at fault for a car crash.
  • Collision—collision coverage pays for your property damage if you are at fault for a car crash.
  • Uninsured/Underinsured (UM/UIM)—uninsured coverage applies if you are in a car crash with another driver who is at fault but does not carry auto insurance. Underinsured coverage applies if you are in a wreck with another driver who does not carry enough auto insurance to cover your damages.
  • Personal Injury Protection (PIP)—PIP benefits cover your medical expenses and lost wages if you are involved in a car crash, regardless of fault.

If you or someone you know has been involved in an auto accident, contact a board certified personal injury attorney to evaluate your potential claim.