Protect Yourself: If You Don't, Who Will?

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Let’s face it: no one likes having to purchase auto insurance. On top of paying your monthly car loan, filling up every week with high gas costs, and paying for maintenance or repairs, the last thing you want is another regular car expense. But the law in Texas requires you to carry liability insurance, and it makes sense why: an automobile accident can cause serious property damage and bodily injury, and the driver at fault is expected to be responsible for it.

Fair enough, you say. So you choose to buy the minimum coverage that Texas law requires: $25,000.00 per person / $50,000.00 per accident for bodily injury, and $25,000.00 per accident for property damage — also known in the industry as a “minimum limits” policy.1 After all, if you buy the bare minimum coverage required, you will save money on your insurance premiums every month, and everyone likes to save money, right?

Unfortunately, those few dollars you save each month can wind up costing you thousands of dollars, or more, when you least expect it — and can least afford it.

Please see full article below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Patricia L Brown & Associates | Attorney Advertising

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