There are a lot of different options available on a Texas car insurance policy. As I’ve written in the last two posts, anything after liability coverage is strictly optional as far as Texas law is concerned. This week we’ll look at some of the more common coverage options in the third part of our series on car insurance coverage.
Two weeks ago, I provided an overview of the coverage contained in a Texas home insurance policy (see https://wiseinsurancegroup.com/a-texas-home-insurance-overview/). Last week, we dug deeper into the policy with a look at the four categories of property coverage including dwelling, other structures, personal property, and additional living expenses (see https://wiseinsurancegroup.com/4-property-coverage-categories-home-insurance-policy/). In this week’s post, we’ll examine personal property, medical coverage, and policy deductibles.
Last week’s post, An Introduction to Condo Insurance (see https://wiseinsurancegroup.com/an-overview-of-texas-condo-insurance/) addressed how to determine the amount of condo insurance needed and what it covers. There’s more to a condo policy, however, than covering the finish out of the home and your personal property or contents. There are other coverage items to consider including personal liability, medical coverage, deductibles, and home owner’s assessment.
Over the last few weeks we’ve looked at three types of coverage available, whether required or optional, on any Texas car insurance policy. These include liability coverage, uninsured motorist coverage, and the three most common types of deductibles. The next coverage available to Texas drivers provides for medical care and support services.
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.
Texas home insurance policies, like policies in most other states, are divided into sections. The first section outlines the core property coverage, which I introduced last week (see http://50.87.248.161/~wiseinsu/home-insurance-core-property-coverage/). The second section outlines the policy’s liability coverage which is designed to protect the homeowner financially if something happens in the home or on the property.
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.
I was reviewing a car insurance quote with a prospective client the other day. She and her husband are buying a new home and wanted to review their car insurance to see if they could save money on that as well. We were in the midst of discussing liability coverage when she asked me to explain the difference between split limits and combined single limits as she’d heard someone mention this to her.
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 friend of a friend called me a couple of weeks ago who wanted my professional opinion. Our mutual friend suggested he call me as he’d been in an accident a couple of months ago and was not happy with the way his claim was being handled. He’s not a client but wanted to know what his options were.
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