AUTO | HOME | LIFE | RENTERS

Texas Auto Insurance - Houston Insurance Coverage

In Texas there are different types of insurance. Auto, Home, Life, Renters and Commercial are just five of the various kinds of insurance policies that are available for consumers. Insurance, of all kinds, is used to help protect consumers when certain things happen. For the most part, this protection comes in the form of money. It can also provide protection from liability, damages, and financial loss.

Texas Auto Insurance

Most consumers know that there are certain types of insurance that are mandatory. In Texas, auto owners carry a minimum amount of insurance for each vehicle the person or business owns. The minimum Texas auto insurance liability limits are $30,000 per person or $60,000 per occurrence for Bodily Injury (BI) and $25,000 for property damage (PD). As with some other types of insurance, auto insurance can have many options to choose from. In other words, you can buy a simple liability policy that will pay a certain amount of money to someone that you have an accident with, but will pay nothing towards your own damages. You could also purchase a more comprehensive policy that pays for damages to both you and the other person, including medical payments and personal injury protection.

Texas auto insurance is important because it protects you from having to pay damages in the event that you are found at fault for the accident. Without auto insurance, you might lose everything that you have, including future earnings in order to pay these damages. Most consumers simply cannot afford to buy another vehicle for someone should they severely damage that person's auto. The same holds true for any medical costs that might be associated with an accident wherein you are found at fault.

With Texas home insurance, the minimum coverage level is often determined by your lender. Many home owners will add to this level of coverage in order to protect such things as their furniture, electronics, jewlery and other personal items against loss. Coverage will usually extend to people who may be on the property should they encounter an accident and sustain injuries. Again, the importance of insurance is to protect the owner from legal actions that may arise from outside parties as well as to protect the owner from real property damage such as fire.

In the area of Texas home insurance, there is often controversy over what is known as flood insurance. Home owners should not assume that their policy covers damages due to flooding. This is often assumed by home owners and can lead to severe losses should a flooding event occur. Thousands of homeowners have encountered severe financial loss because they assumed they were covered for flood damages when, in fact, they were not.

Texas Renters Insurance

Do you know how much stuff you own? You might be surprised how many things you have and what it would cost to replace everything. You might think, "Why do I need insurance, I'm renting?" Well, even though your landlord probably has an insurance policy on your building, you'll need to protect your personal interests too. And…it only costs a little to protect a lot. Texas Renter's insurance is less costly than you might think. Here is how Texas Renters Insurance usually protect you:

• protection for your personal property against fire, certain natural disasters, theft, and vandalism.
  
• low cost premiums
  
• personal liability protection for injury to another person or for damage to another person's property if an incident occurs within your rented residence or elsewhere.
  
• flexible coverage and insurance amounts that suit your needs.

Texas Life Insurance

Life insurance is pretty simple. If you're protected and you pass away, your beneficiaries receive a cash benefit. They can use this for just about anything—paying off debts, replacing income that you're no longer providing and of course, medical and funeral expenses. There are two basic kinds of Texas life insurance. In Summary they are:

• Term Life Insurance: This coverage lasts for a "term" you choose, usually 10, 15, 20, or 30 years. During that time, your premiums are guaranteed not to increase. If you pass away during that time period, your beneficiaries get a cash death benefit. You can usually convert a term policy to a permanent one without getting a new medical exam.

• Permanent Life Insurance: There are two big ways that permanent is different from term. First, the policy is meant to last the rest of your life (as long as you make the required premium payments, of course). Second, part of the money you pay in is set aside in an account where it can grow cash value that you can tap into if you wish.

Texas Insurance Products

In addition to personal property insurance there are other types of insurance as well. You can get Life Insurance, Motorcycle Insurance, Motorhome Insurance and Boat Insurance just to name a few. There are policies that insure against lost wages should you be injured; there are commercial policies used for businesses; there are specialty policies used for high-ticket items such as jewelry or art work. Some might suggest that there is virtually nothing that you cannot insure, but protecting yourself and your assets against loss is one of the most important reasons for having insurance.