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Do you know what coverages you have on your auto insurance policy? What are your current liability limits? Are you carrying “Texas State Minimum” Coverage?  If you have answered “I don’t know” to any of these questions, you need to take a closer look at your policy to see if changes should be made.

The liability coverage on your auto policy is the part of your insurance that is required by the State of Texas.  Let’s take a look at this coverage:  The State required bodily injury limits are $30,000 per person, $60,000 max per accident and $25,000 in property damage. So what does that mean?  It means that if you are found at fault for an accident, your liability coverages will cover bodily injury for the people in the other vehicle and any damaged property maxing out at your policy limits.  

Next, let’s take a look at cars on the road today. Look closely at the vehicles you drive by every day. You may see a Chevrolet, Ford, Dodge or BMW. Imagine for a minute that one of those vehicles is a brand new 2016 Ford F-350. You just rear-ended it. The F-350 costs start at $55,000 new. The insurance company says the accident is your fault and the F-350 is a total loss. They pay out your maximum property damage limit of $25,000. Now the person you got into the accident with wants the other $30,000 to replace their vehicle and YOU are responsible for covering this amount. If you don’t have this money, you take a chance of your income being garnished until this is paid off. Is that a risk you really want to take? 

Now is the perfect time to call your insurance agent and find out what coverages you have. Call us at (866) 521-7467 for a FREE insurance review today!
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