What Kind of Auto Insurance Should I buy in Houston, Texas?
The Kishinevsky Law Firm is a personal injury law firm representing individuals who have been injured in car accidents and other accidents in the greater Houston area. If you have questions relating to a car accident injury claim in the Houston, Texas area, call us today for a free consultation.
There are several different types of auto insurance available to Texas drivers. The Texas Department of Insurance offers a fairly detailed explanation about them here.
Below you will find a summary of several types of auto insurance coverage available to Texas drivers and information to consider about what the coverage provides in the event you are injured in a car accident and/or your vehicle is damaged. You can also contact the Kishinevsky Law Firm for more information.What are Some of the Types of Auto Insurance Available in Texas and What do They Cover? Liability Insurance
This type of insurance covers damages caused to others as a result of the policyholder’s fault. It is the “basic” insurance required in Texas for drivers who choose to comply with the requirements of having adequate financial responsibility by purchasing insurance and is the minimum required by law. It does not cover damages caused by other drivers to either the policyholder or their vehicle.
By law, the minimum amount of coverage all Texas drivers are required to have is up to thirty thousand dollars ($30,000) per person/60 thousand dollars ($60,000) per accident for personal injury damages and twenty five thousand dollars ($25,000) for property damage.Collision Coverage
This type of insurance covers damages caused to the policyholder’s vehicle in a crash. Usually if a car is being financed, the bank or dealership will require this type of coverage to be in place to protect its interest in the car in the event of an accident.Uninsured/Underinsured Motorist Coverage (UM/UIM)
This type of insurance is available for both property damage and personal injury. This type of insurance pays for damages caused by hit-and-run drivers, uninsured motorists, or in situations where the other motorist does not have sufficient insurance coverage to fully compensate the policyholder for his/her losses. This type of coverage is required to be offered by law and must specifically be rejected by the policyholder in writing at the time the insurance is purchased to be declined.Personal Injury Protection (PIP)
This type of insurance covers medical expenses and 80 percent of lost income incurred by the policyholder as the result of an accident. This type of coverage is required to be offered by law and must specifically be rejected by the policyholder in writing at the time the insurance is purchased to be declined.Rental Car Coverage
This type of insurance covers rental car costs incurred by a policyholder for a covered loss, up to the daily maximum rate until the policy limits are exhausted.What Type of Auto Insurance Should I Buy in Houston, Texas?
If you can afford it, it is always best to purchase Collision Coverage, Uninsured/Underinsured Motorist Coverage, Personal Injury Protection, and Rental Car coverage. Simply put, liability insurance protects others from you, but these other coverages protect you from other drivers.UM/UIM Coverage
Unfortunately the reality is that at any given time, there are likely many people on the roads of the greater Houston area who don’t have auto insurance. If you don’t have UM/UIM coverage and you are unlucky enough to be in an accident with one of these drivers, or the other driver flees the scene, the financial burdens of the damages caused will fall entirely on you. For many people, this creates a catastrophic expense that they are unprepared and unable to handle. Likewise, you are involved in a multi-car accident or an accident with severe damages, the other driver may not have enough insurance coverage to fully compensate you for your losses and you will be left shouldering resulting financial burdens.Collision Coverage and Rental Car Coverage
If you do not have collision and rental coverage and you are involved in a crash caused by another driver, you will be at the mercy of the other driver’s insurance company when it comes to getting your car repaired and getting a rental vehicle. The repairs on your car will not begin and you will not get a rental vehicle until/unless the other driver’s insurance company decides to make that happen or you pay for these expenses out of your own pocket with the hope of getting them back at a later time. Meanwhile, not having a vehicle may prevent you from going to work or school, getting necessary medical care, and doing the other things you need to do in your life.Personal Injury Protection (PIP)
If you are injured in an auto accident, you will likely incur medical bills and expenses. If the other driver’s insurance company denies your claim or contests the amount of damages, it may take months or years for you to receive the full amount of compensation to which you’re entitled. This could impact your credit as bills pile up and go into collections or prevent you from getting the medical care you need because you lack the means to pay for it. Personal Injury Protection Coverage allows you to quickly pay for medical expenses incurred as a result of the accident, and if you have to miss work as a result of your injuries, Personal Injury Protection Coverage can compensate you for up to 80 percent of lost income and help soften the financial blow of being unable to work due to being injured.
If you’ve been injured in a car accident in the greater Houston area, before you talk to the insurance company give the Kishinevsky Law Firm a call for a free consultation and see how we may be able to help you.