The majority of America depends on their vehicles to get them to and from the job that allows them to survive financially. Without your car, you are unable to work, and without auto insurance, you cannot guarantee your car’s safety. An auto insurance policy provides your car with unparalleled protection. Are you one of the many motorists who does not exactly understand what is covered under your auto insurance policy? If so, it is time to educate yourself of this vital necessity.
I was told I have full coverage auto insurance, does that mean I receive 100% guarantee of protection? Unfortunately, the term full coverage auto insurance implies that you are receiving full coverage. However, full coverage auto insurance typically means that you have full coverage in the realms of physical damage coverage and liability coverage.
Likewise, in order to be categorized as “fully” covered in the liability category, you must only purchase the minimum amount of liability coverage. Liability minimums depend solely on the state in which you live. Texas limits are $30,000 of bodily injury per person & $60,000 of bodily injury per incident with $25,000 on property damage. Chances are, these limits would not suffice if you were determined to be at fault for an accident involving multiple vehicles and multiple injured passengers.
When it comes to full coverage, you need more than the minimum required amount. There are multiple options available to you to increase your coverage limits. You can either simply purchase additional liability protection, or you can purchase an excess liability policy that will extend your limits to $1 million. With lawsuits becoming a very common part of today’s society, there is no better protection than an umbrella insurance policy.
Contact Mike Leonard Insurance Agency in Carrollton for all of your Texas auto insurance needs. We can help provide you with an auto insurance policy that better mirrors the way we interpret the term full coverage.