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Auto Insurance Basics Little Elm Texas 0

Posted on 13, January 2014

in Category Auto Insurance


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Auto Insurance Basics Little Elm Texas

Call 972-346-4666 or click here to get an auto insurance basics Little Elm Texas quote
Today I am going to go over the basics of an auto insurance policy Little Elm Texas.  The basics of an auto insurance policy Little Elm Texas include liability insurance, uninsured motorist coverage, personal injury protection, medical payments, comprehensive, collision, towing, car rental, and loan lease coverage.
Liability insurance protects you the insured if you were at fault for injuring someone else or doing damage to their property.  In my opinion this is the most important coverage to get correct on your policy.  The state minimums in Texas are much too low at $30,000 per person for medical, $60,000 per medical total, and $25,000 for property damage.  An insured needs enough coverage to protect their net worth.
Uninsured motorist insurance protects all persons injured in your vehicle as well as your vehicle if the other person was at fault and didn’t have enough liability insurance.  In Texas, it is not a state requirement to carry uninsured motorist.  I believe it is important coverage.  A family may have health insurance but if they have friends in their car they may not have health insurance.  If they get hit by a hit and run driver they have no coverage.
Call 972-346-4666 or click here to get an auto insurance basics Little Elm Texas quote
Medical payments pay out regardless of fault for anyone hurt in the insured’s vehicle.  Medical payments or personal injury protection is vital if no uninsured motorist insurance is chosen.  Personal injury protection covers medical payments as well as lost income.  Either medical payments or personal injury protection is usually chosen but not both.
Comprehensive insurance covers your vehicles for things out of your control. This includes theft, vandalism, broken windshields from debris flying off the road, and hitting a deer.  Collision covers your vehicle if you are at fault for hitting another vehicle. Standard deductibles for both comprehensive and collision are $500 each.
Towing and car rental are self-explanatory.  Loan lease gap coverage covers your vehicle if you are upside down on your car.  The insurance policy pays the loan off if it is greater than the book value of the vehicle.

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