Bodily injury liability:Texas car insurance lawsrequire drivers to have $30,000 of coverage per person and $60,000 per accident. Bodily injury liability covers the other party’s injuries if you or someone else on your policy driving your car causes an accident. Property damage liability:You a...
Insurance professionals typically recommend that you buy higher liability limits for greater financial protection unless the value of your car is less than the cost of more coverage. Minimum coverage isn’t always enough to match the cost of damage, especially if you’re at fault for a severe ...
Step 9: Examine business insurance options Protect your business with the rightbusiness insurance coverage. TheTexas Department of Insurancecan help you understand your options, including: General liability Professional liability Workers’ compensation Step 10:. Set up your finances Start your business on...
State Minimum Coverage Requirement 30/60/25 Injury Liability Per Person / Injury Liability Per Accident / Property Damage *Units in Thousands of Dollars Estimated Uninsured Population (%) 15% Or About 3,851,202 Uninsured Drivers in the State of Texas ...
Sample drivers had the following coverage limits: $100,000 bodily injury liability coverage per person. $300,000 bodily injury liability coverage per crash. $50,000 property damage liability coverage per crash. $100,000 uninsured motorist bodily injury coverage per person. $300,000 uninsured motori...
Coverage for Vicarious and Derivative Liability Under Texas LawErnest Martin, Jr
The minimum car insurance requirements in Texas are commonly referred to as the “30/60/25” rule. This means that drivers must have at least: $30,000 bodily injury liability coverage per person $60,000 bodily injury liability coverage per accident ...
$50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s...
Uninsured/Underinsured Motorist Coverage: Texas law also requires drivers to have uninsured/underinsured motorist coverage with the same minimum limits as the bodily injury liability coverage mentioned above. This coverage protects you if you are involved in an accident with a driver who doesn’t have...
Brown & Riding, headquartered in Dallas, named Wes Benefield to its national management and professional liability practice as senior vice president and broker, D&O, E&O and cyber. Based in Fort Worth, Benefield has over 11 years of combined retailer, carrier … ...