What Coverages Have Your Purchased In Your Auto or Truck Policy?
Shopping for insurance can be a challenge. After all, you don’t want to pay too much. However, lower premiums should not exclusively be your goal either. We hope you never need to use your insurance, but chances are high you will. You need adequate coverage to protect your health and your financial well-being if you are considered at-fault for the accident or if the other driver does not carry enough insurance.
What are the Chances You Will File an Auto or Truck Accident Claim?
Drivers file a claim an average of once every 17.9 years. This
means that if you obtained your driver’s license at age 16, you will
likely be involved in at least one auto accident
by the time you are 34 years old. You are expected to be in
approximately three to four accidents over the course of a lifetime of
Thankfully most car and truck crashes do not
result in serious injuries. In fact, in 2012, the average property
damages claim was $3,073 and the average bodily injury was $14,653.
These statistics indicate that the average claims fall within the
minimum liability insurance required under Texas law, which follows a
30/60/25 coverage model as follows:
These amounts, however, may not cover you if you are
seriously injured or if you are responsible for severely injuring
another person. You could be held legally responsible for paying the
Do You Have Enough Coverage?
Don’t wait until you are in an accident to learn what your policy actually covers. Learn more about policies that are available to you,
The Texas Department of Insurance provides clear definitions of each type of insurance policy.
Are You Actually Even Covered?
Your insurance contract includes a long list of terms, in which
you are responsible for reading and understanding. Make sure you
understand the exclusions that may apply to you and your family. For
example, buying insurance that includes these common restrictions may
reduce premiums, but leave you without coverage when a crash occurs:
Make sure exclusions do not jeopardize coverage for the manner in which you actually use your vehicle.
can advise you on issues related to your insurance policy and how much
compensation you are entitled to after an accident. Call our firm for a