Most Texas car insurance policies may contain up to 7 sections within them. The first section forms the foundation coverage for our car insurance. In fact, it is the only section the state of Texas requires policy holders to carry, and that’s liability coverage.
I helped a new Dallas client with her car insurance this week. We were able to save her $300 a year over what she’s paying now and give her better coverage. One of the ways we added coverage and kept the price lower is by offering her a discount for agreeing to let the new car insurance company monitor her driving for up to 4 months.
There are two broad types of coverage which can be included in a car insurance policy. Coverage is available to protect you from financial loss if you’re involved in an accident and it’s your fault. Coverage is also available when you’re involved in an accident and it’s not your fault. The first is required by Texas state law, the second is strictly an option.
Early in my insurance career, I was attending a larger party with a number of friends when a woman came up to me with tears in her eyes. Her husband, who was coming in their other car, had been involved in an accident not far from where we were gathered and she did not know what to do. We left the party together in her car and I drove us to where the accident had occurred, a southbound service road of North Central Expressway in Dallas.
A client called me last week with a question about how to handle something. Her teen had been in a little accident with an adult, and it was the adult’s fault. The good news is the teen was unhurt and the damage to her car was minimal; the bumpers simply rubbed together. According to the body shop the client visited, they could either remove, sand, and repaint the bumper or replace it. The difference in cost was minimal.
The Dallas Morning News published an article in February 2010 of insurance don’ts that I filed away because it’s worthy of being repeated. This list applies to both car and home insurance claims, so let’s take a look at 7 things to avoid doing.
Several months ago, a friend of mine called. Tom, not his real name, and his buddy had traveled to San Antonio for a guy’s trip a couple of weekends earlier. Tom drove through a construction zone where there was a lane shift followed by a traffic light. Based on the location of the light, he mistakenly thought he was supposed to stop about 40 yards away. He ended up passing through the intersection and was struck by a car that had a green light. It was his fault.
Everyone smiles when I ask about traffic tickets or accidents. Some have even asked what they have to do with life insurance. Almost every insurance company that processes a life application will run MVR (motor vehicle report) and CLUE reports. The MVR show violations such as tickets and the CLUE report shows accidents.
Car insurance policies have at least 7 parts to them. Liability coverage Uninsured / underinsured motorist coverage Comprehensive or other than collision coverage Collision coverage
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