Auto Insurance in Plano, TX
In every state across the United States (Plano, TX, Allen, TX and Texas included) it is illegal to drive a motor vehicle without auto insurance. There is a wide array of different plans and policies that will affect your insurance payments, as well as the extent of your coverage. Below, are various aspects included in a typical auto insurance policy.
Bodily Injury Liability
The Bodily Injury Liability portion of your auto insurance policy is the part of the policy that covers any medical expenses incurred by the insured person’s vehicle. The policy specifies a maximum pay out for medical bills in the event of a severe injury, or even death.
Property Damage Liability
The Property Damage Liability portion of your auto insurance policy essentially specifies the amount your policy will pay out regarding damages caused by the insured person’s vehicle. Damaged property can be anything from another vehicle, to a valuable item that was inside that vehicle during the time of the accident. Other property that is covered by the Property Damage Liability portion your auto insurance policy are road signs and mail boxes.
Medical Payments Coverage
The Medical Payments Coverage portion of your auto insurance policy concerns the insured person and his or her passengers and any practical or required medical expenses that must be paid out as a result of a car accident. If you obtain Medical Payment Coverage in your policy, medical bills are paid, whether or not the insured was at fault or not.
Uninsured/Underinsured Motorists Coverage
The Uninsured/ Underinsured Motorists Coverage aspect of your auto insurance policy takes effect in the event that the other party was at fault, and does not carry a policy with a bodily injury maximum that is enough to take care of your medical expenses and/or funeral costs.
The Collision Coverage portion of your auto insurance policy concerns the costs involved in repairing, or if severe enough, replacing your automobile. If you drive a leased vehicle, the dealership will likely require you have Collision Coverage added to your policy. There is a deductible associated with Collision Coverage. The higher your deductible, the lower your monthly payment for this portion of your auto insurance policy.
Comprehensive Physical Damage Coverage
The Comprehensive Physical Damage Coverage aspect of your auto insurance policy is the portion that covers damage beyond your typical automobile accident. It covers instances of theft, fire, extreme weather (i.e. hail, severe storms), vandalism, and damage caused by animals such as birds. This type of coverage is also typically required if you are driving a leased vehicle and includes a deductible.
The Rental Reimbursement portion of your auto insurance policy covers the costs you may incur should you have to rent a car while your car is being repaired after an accident. Generally, this portion of your policy covers a specified daily amount for up to a 30 day period.
Towing and Labor
The Towing and Labor portion of your auto insurance policy regarding the costs for towing your vehicle, and, depending on the fault of the accident, the other person’s towing expenses.