Sometimes a vehicle collision occurs and a claim must be filed with an individual’s agency providing Auto Insurance in Tyler, TX. Drivers are required to carry a certain level of liability insurance in Texas. They may need more than this minimum amount to protect themselves financially.
It’s not always clear which driver is at fault. Insurance companies make determinations based on various factors, including information from law enforcement and sometimes from witnesses at the scene. Some states are considered “no fault” car insurance states. In these states, each driver’s insurance policy pays for any medical bills he incurs, while the at-fault driver is required to pay for property damages to the other person’s vehicle. Texas is not a no-fault state. The at-fault driver’s insurance pays for the victims’ medical bills as well as his own, and also for property damage. In addition to medical bills of the victims, this type of liability coverage pays for losses such as lack of wages during recovery time, and sometimes for pain and suffering.
The state requirement to carry liability automotive insurance is intended to protect the general public and to make sure that a person whose vehicle is damaged by another driver is rightly compensated. The minimum liability limit in Texas as of 2014 is $60,000 for the personal injury part of the coverage. For many people, this is clearly not adequate Auto Insurance in Tyler, TX.
A person who owns a house and other assets is vulnerable to losing those assets in a lawsuit if he is at fault for a serious vehicle accident. A personal injury lawyer might file suit against the at-fault driver’s insurance company for an amount of $100,000 or much higher, depending on the situation of the victims. Sometimes an insurance company is willing to make a higher settlement than the policy provides, but in other cases, the financial burden falls upon the at-fault driver.
An independent organization such as Kit Parkhill Insurance Agency can provide recommendations to current and prospective car insurance customers about the levels of coverage they need to protect their assets. Without suitable liability coverage, a person who causes a serious collision can face financial ruin. Adding a higher level of liability insurance is not substantially more expensive and is well worth the peace of mind.
