Medical Insurance Temple TX

Medical Insurance Temple TX

Under a split-time type of Medical Insurance Temple TX, the most the severely injured person could be paid under your liability insurance would be what is called the policy limits– $100,000 in our example.

You could be forced to pay the difference out of your own pocket if the injured person (or his or her lawyer) decides to pursue you in court. Under a Medical Insurance Temple TX policy, however, you would have less to worry about because your insurance would be more productive. Most of your liability coverage could be applied to the seriously injured party, $300,000 in our example, which the victim might be willing to accept as payment in full. At the very least, the amount you could be forced to take out of your own wallet would be significantly less than under the split-limit format  

Medical Insurance Temple TX policies are sold in states that have a fault system of redressing damages caused by auto accidents as well as in no–fault states, which modify this aspect of the auto insurance policy (see chapters 8 and 9)

The property damage aspect of the liability portion of an auto insurance policy pays for damages to another’s property caused by negligent driving. Usually the damage is to another vehicle, but it doesn’t have to be. For example, if you lose control of your car and crash into a fence, you would probably be responsible for the cost of repairing the fence – a legal burden you would transfer to your auto insurance company under the contract of Medical Insurance Temple TX.

Consumer alert:

Many states require by law that a minimum level of liability insurance be carried by each person insuring a vehicle, in the absence of other proof of financial responsibility. The amounts required vary from state to state.  However, if you have property of any significance or you earn wages that could be subject to attachment, you should carry more than the minimum to be sure you are adequately protected against liability. In such matters, to underinsure is being pennywise and pound-foolish.

Like coverage for personal injury, the Medical Insurance Temple TX will provide for maximum benefits that the insurance company has to pay. Many states require a minimum amount of coverage, usually $10,000 or so. However, with the expense of vehicle repair today, the minimum usually isn’t enough. Thus, you should probably add to the minimum coverage so that you are protected for at least $25,000.