Auto Insurance Coverage Texas

In the Lone Star State, auto liability insurance is the minimum indemnity that a driver can carry on a vehicle. Texas State Department of Motor Vehicles (DMV) requires that all insurance companies and their customers register their agreements with the department. Auto insurance registration with the DMV evidence “financial responsibility”, or the duty of a driver to compensatory damages in the case of an ‘at-fault’ accident.

Auto Insurance in Texas

Texas is a ‘fault’ state where auto accident insurance agreements are concerned. When involved in an auto accident, the responsible party in the collision must pay for injury to another person or property damage should it occur. Liability insurance provides minimum compensation on medical and hospital bills, as well as lost wages and ongoing costs associated with injury rehabilitation to a victim. Texas law provides that auto liability insurance policies meet the minimum mandated coverage amounts of $30,000 for injuries to a single person, $60,000 for injuries to multiple injury parties, and $25,000 for vehicle or property damage.

Comprehensive Collision Coverage

Vehicle owners were owing installment agreement payments on an auto loan are required to back those contracts with comprehensive collision auto insurance coverage. Damages caused by auto accident, or resulting from natural disasters or theft and vandalism, are covered in a collision insurance policy. Comprehensive insurance covers the full value of a vehicle so that a car can be repaired or replaced.

Supplemental Insurance Agreements

Texas drivers also have supplemental coverage products available to them. Personal injury car insurance protection (PIP) plans offer cover the full cost of a driver and passenger expenses in the event of an accident. Uninsured or underinsured motorist supplements protect an insured victim in a hit-and-run accident.

For auto insurance coverage in Texas, contact a licensed insurance broker with Paragon Independent Insurance Agency in Plano, TX.

Common Home Insurance Concerns

Home insurance is something that can be a great boon for anyone dealing with damage from natural disaster, theft, or other issues but many people have no idea what type of coverage they need. Each geographical location has different concerns when it comes to what type of insurance you need. For those in Plano, TX for instance, flood insurance is not likely to be something you would need.

One very common concern for home insurance is what coverage do you really need and what coverage can you do without. As a general rule, most basic home insurance policies cover things like fire, break-ins, and other damage that is associated by what agencies deem “acts of God” or events that could not have been prevented like a tree falling on your home as the result of a wind storm or your home being flattened by a tornado.

This type of insurance policy is going to cover the basics and is going to keep you safe. Other things that a basic policy might cover that you could be concerned about  are things like people being injured on your property and helping to cover their medical bills. Again, most policies are going to cover a certain monetary value to help with bills.

Some other concerns you might have are is your coverage enough. The best way to remedy this issue is to talk with your agent to see what type of policy you may need and to have your home properly valued so that you can rebuild should you choose to in the case of a disaster. Your home insurance is in place to help protect your home and your own finances in the case of the destruction of your home. Taking into consideration your geographic location, like those in Plano, TX can help you determine what coverage you need.