Last week, I wrote about the one required coverage on any Texas car insurance policy. It is liability coverage (see https://wiseinsurancegroup.com/car-insurance-one-coverage-required-texas/). I’m going to continue on the theme of car insurance coverage this week as we look at two more coverage types which are Uninsured Motorist and deductibles.
I spoke to a group of realtors last week. It was the monthly meeting for the JB Real Estate Group (www.jbrealestategroup.com), and the topic I presented was, How To Keep Home Insurance from Derailing the Closing. We had a great discussion and I thought it would be beneficial to share what I presented here. I believe this information is helpful whether you are a home buyer, seller, realtor (listing or buying agent), or even a mortgage loan officer.
What does a car insurance policy in Texas cover? That can vary from person to person. There is, however, one type of coverage every car insurance policy within Texas must have, and that is liability coverage. Over the next few weeks, we’ll take a look at the different types of coverage available on car policies in Texas, as well as, some discounts you should be aware of. We’ll first start with liability coverage.
I was in my first earthquake over the Labor Day weekend. For the past few years, Sheri’s family has rented a cabin in Davis, Oklahoma for Labor Day weekend. It’s a great time to get away, be together, cook for each other, and watch too much football. I slept through the 5.8 magnitude earthquake which was felt in north Texas all the way north to Illinois. It didn’t cause too much damage to our Oklahoma neighbors, but it provides a great backdrop to revisit home insurance and earthquake coverage.
In the past week, I’ve had two conversations with two different clients. Both clients were involved in accidents where they were hit by the other driver; one was rear ended by a commercial vehicle and the other was struck by a car that changed multiple lanes in order to attempt making the exit. The question both clients asked was the same, “How should they file their car insurance claim?”
The health insurance market in Texas when through some pretty big changes in 2016 and it looks like even more are headed our way for next year. The Dallas Morning News published a number of articles during August on these changes, however, we’ll have to wait until the end of September before we know all of the details.
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