Much C Insu nce Do I Need?
, eve
y penny counts, especilly no
d
ys! But the fedoll
s you m
y ty to s
ve on youc
insu
nce bill m
y cost you dely in the longun.
Lets st
t
ith the bsics. te of Tex EQUI ve st li vehicle
bility insu
nce is th
t potion of you
insuncehich p
ys fothe p
opety
nd <h
ef="https:/c
inju
yvictims.com“>pe
sonl inju
y<> dm
ges of someone you hit if : #3366ff;”>c collision
f
ult. In Texs the minimum
mount of libility insu
nce th
t you eequi
ed to cy to cove
fobodily inju
ies you my c
use is $25,000.00 pepe
sonnd $50,000.00 pe
incident. You elso
equied to c
y $25,000.00o
th of insunce to coveny pope
ty dm
ge you my c
use. So let mesk you this, h
ve you seentypic
l hospitl bill l
tely? Hve you seen some of the f
ncy cs people dive in this city? If those minimum limits sound
bit lo, its bec
use they e. Intime
henny st
y inhospit
l is likely to cost tens of thousnds of doll
s
ndne
Toyot(not
Lexus mind you, butToyot
) cn cost up
d of $30,000.00, you should seiously think
boutsking you
insuncegent fo
moe th
n these minimum limits. I think youill find the cost of inc
esing you
covege to $100,000.00 pepe
sonnd $300,000.00 pe
incident sup
isingly smll. You
covege fop
opety d
mge
ill ince
ses
ell. Of couse,
sn
lten
tive, you could just mke su
e youl
ys d
ive behind vehicles tht
e
t lest ten ye
s old!
nothe lled Pe l Inju otection, o st ill p you l expenses lost ges in the event you e in ccident. Usu mount of PIP cove ge is $2,500.00, but in, it does not cost much to inc se these policy limits. in, given sky l expenses t flo t le mount of $5,000.00. t l” cove ge n pu se is Uninsu ists (“UIM”) cove ge. ill “step into the shoes” of someone uses ccident if they e ult ve ould be zed of times I see people involved in ho do not h l, but it is i esponsible ell. UIM insu nce h nothe s lso otect you in the event you e st ho is unde ed. Fo mple, lets s uck in nd sust ious pe l inju the e, lets s son used the collision only h UIM cove ge nks” ill e bility limits of the “unde ed” d beyond $25,000.00. Of cou y ish to pu se comp nd collision insu nce ell. This insu nce y fo ep of you use title=” ef=”/se c – tto “> if you ncing you b ill e this cove ge. You m ve deductible. Ho isk you c ffo ke in this question of pe l p ence. The lso othe l cove ges th insu nce comp y offe y include c l insu nce, gl e ge, o th indemnity. s m o
t
inly mke su
e you hd the “b
sics” (libility, PIP
nd UIM) in plce befo
e you stted thinkingbout these “bells
ndhistles.” ong> So
emembe
folks, even if you e tying to
tch you
budget, be cefulbout cutting b
ck too f on youinsu
nce bill. Insu
nce is one of those things th
t you hope you neveneed, but you
e d
n h
ppy you hve it when you need it!