In Texas, auto insurance is purchased according to state mandates and federal laws. The policies provide protection based on the chosen coverage level. Auto liability is the lowest level of coverage, and comprehensive is the highest. A local insurance provider offers answers to frequently asked questions about Auto Insurance Service in Magnolia.
What are the Standard Requirements for Auto Insurance?
The standard requirements reflect the mandate for auto liability coverage. Currently, the state requires a liability policy that offers at least $30,000 for single victim accidents. It offers $60,000 when more than one victim is injured. The property damage requirement is $25,000.
The auto owner is required to keep proof of their coverage in their vehicle. All law enforcement officers have the right to request proof of coverage during any routine traffic stop. The Department of Motor Vehicles conducts random searches for expired insurance cards. Proof of coverage is also required when renewing an auto tag or registering a new vehicle.
What Coverage is Required for Auto Loans?
Auto owners who have an existing auto loan for their vehicle are required to purchase full coverage insurance. Comprehensive and collision insurance policies offer the highest protection level if combined. Comprehensive covers damage caused by any event other than an auto accident. Collision coverage pays for damage after an auto accident.
How are Accident Claims Processed?
The insurer sends a claims adjuster to the policyholder’s location. The claims adjuster records all damage and collects information about victims involved in an accident. The claim is processed, and the funds are set to the appropriate party. The process takes up to two weeks to complete based on the terms of the auto insurance policy.
What is SR-22 Auto Coverage?
SR-22 isn’t insurance. It is a certificate that indicates that the auto owner purchased auto insurance as directed. The certificates are required for vehicle owners who were convicted of a DUI.
In Texas, auto insurance policies provide a wide range of coverage levels. Auto liability is the lowest coverage level that fulfills the state mandate. The policies offer coverage for medical treatment and auto repair costs. Auto owners who need more info about auto insurance service in Magnolia contact Insurance Discounters of Texas right now.
