Life is full of options, and the same is true of a Texas car insurance policy. Frankly, everything other than liability coverage is optional, however, insurance companies offer a number of options worth considering beyond uninsured motorist coverage, comprehensive and collision coverage, and medical coverage. Here are 4 options worth knowing about.
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.
I talked with a prospective client last week. She’s rolling off her parent’s car insurance policy and having to buy her first car insurance policy. She’s a little nervous about the car insurance being added to her overall budget but is ready financially and can handle it.
Last week’s blog, “Gap coverage, an important option to have,” examined an optional coverage that can be added to most car insurance policies. Here’s a link just in case you missed it, http://50.87.248.161/~wiseinsu/gap-coverage-a-valuable-option-to-have/. A new car loses 11% of its value the minute you drive it off the lot and 15% to 25% each year thereafter for the first 5 years. GAP coverage can be a financial life saver. While that’s helpful for your loan and your wallet, it doesn’t really get you a new car.
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