Third-party Car Insurance Guide – Auto insurance protects you financially by paying for other car repairs and other drivers’ medical bills if you are involved in an accident. Depending on the type of insurance you have, it may also pay to repair or replace your car if it’s damaged or stolen.
Texas has a consumer bill of rights for auto insurance. Your insurance company will give you a copy of the invoice when you get or renew your policy.
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Texas law requires drivers to show proof that they can pay for the accident they caused. Many drivers do this by purchasing auto liability insurance. Liability insurance pays for the repair or replacement of another driver’s vehicle or other damaged property and pays for medical expenses when you are at fault in an accident.
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If you still owe money on your car, your lender will require you to have comprehensive collision and insurance coverage.
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Most of the rules apply to you, your family and people who drive your car with your permission. Ask your agent or read your policy to find out who your policy covers and if anyone is excluded.
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Insurance is fundamentally different and depends on the type of insurance you choose. This table shows some of the issues that most policies do and don’t cover. Read your policy or talk to your agent to make sure your coverage is genuine.
Damage to your car due to snow, theft, flood, gravel, flying or being hit by animals (if you have comprehensive cover)
Accidents that happen when you buy a taxi or carry food or other goods for free
Accidents that happen when you’re driving a car you don’t own but may use regularly as a company car
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Car repairs, lost wages and bills, medical expenses and funerals for drivers and other passengers if you are involved in an accident
If you get a new car, your current insurance automatically covers it for about 20 days. The type of insurance depends on whether the vehicle is additional or replacement.
To avoid insurance, tell your company about the new car as soon as possible.
Car rental. Leasing agents provide damage and liability policies. Damage waiver is not insurance. It is an agreement that the rental agent will not charge for damages to your rental car.
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You may not need a rental agency liability policy. Your personal auto policy will cover you when you drive a rental car for personal use. Ask your agent if your policy applies to you if you drive a rental car for work.
Before renting a car, ask your agent if you need a rental agent’s liability policy and indemnity.
Borrowed car. If you cause an accident while driving a rental car, the car owner’s insurance pays for it. If the owner does not have insurance, or does not adequately cover the damage and injuries you cause, your insurance will pay.
If you don’t own a car but drive frequently, you can purchase a liability policy that pays for damages and injuries you cause while driving. It does not pay for injuries or damage to the vehicle you drive.
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If you take a car from an insurance repair shop, your liability will pay for the damage to the car. It will also cover injuries and damages to others if you are at fault in an accident. Check your liability limits to make sure they are sufficient to cover the damage.
Mexico does not recognize US car policy. Some companies offer coverage for short-term travel to Mexico, but the insurance may not meet Mexico’s legal requirements. If you drive in Mexico, you must purchase a Mexican liability insurance policy. Some agents in Texas sell them. Your agent can help you find an agent who does.
You have to pay in installments for major collisions and no insurance/insurance required by the driver. The deductible is the amount of the claim that you must pay yourself. For example, if you have a $1,500 claim and your policy has a $500 deductible, the insurance company will deduct $500 from your claim amount and pay you $1,000. Claims against other drivers’ insurance companies do not have to be paid in installments.
Liability for personal injury protection, uninsured motorist / towing and workman’s insurance and limited rental insurance in dollars. This is the maximum amount the company will pay despite the higher costs. If you do not have sufficient insurance, you will have to pay another fee yourself. Conflict and comprehensive coverage have no dollar limit.
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The first page of your policy is the mail page. It contains a summary of your policy, including your coverage, dollar limits and deductibles.
You have two options for covering your young driver. You can add them to your policy or you can buy a separate policy for them. It is usually cheaper to include them in your policy.
Some companies require that you include anyone who lives with you and is of driving age on your policy. Notify your company when someone in your family starts driving or turns 16. If you don’t tell the company and the company finds out about them later, the company will bill you for the extra premium you should have paid. The company may also deny any claim you make or not renew your policy.
If the teenager is the primary driver of the car, the company will count on that car premium. Otherwise, the company will rely on the premiums for teenagers on family cars with the highest rates.
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Some companies require young drivers to adhere to your principles even if they are away from school. Tell your insurance company if you have children who live out of town for school. If your child has a car, the company may charge you differently, as the price depends on where the car is usually located. If your child doesn’t have a car, you can get a discount on your premium. If your child goes to school in another state, check that state’s laws to make sure you are responsible enough.
Texas law requires insurers to charge reasonable, reasonable and adequate rates for the risks they cover. We do not approve rates in advance, but if we find that an insurance company’s rate is too high, we may require it to reimburse the person who overcharged it. Insurers can appeal our decision.
Insurance companies use a process called foreclosure to determine how much to sell the policy for you and how much to charge. The amount paid for insurance is called the premium.
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Most companies use the Comprehensive Loss Assurance (CLUE) exchange to track your claim history. The company may charge you extra or refuse to sell you a policy based on the data in your CLUE report. You can get a free copy of your report every year. Call LexisNexis at 866-312-8076.
Discounts lower your premiums. Each company decides for itself what discounts to offer and the amount of the discount. You can get a discount if you have:
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If you ask, the company must tell you in writing why the company denied you, canceled or did not renew your policy. You can complain to us if you believe the company has denied, canceled or improperly renewed your policy.
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Cancellation means that you or the insurance company stops the coverage before your policy ends. The company must give you 10 days notice before canceling your policy. The Company may cancel your policy for any reason within the first 60 days, as long as such cancellation does not violate the law.
If you or the company cancel your policy, the company must refund the unpaid premium to you within 15 days of the date of cancellation. An unearned premium is the amount paid in advance that has not reached the insurance. For example, let’s say your premium is $100 a month and you paid for it six months ago. If you don’t cancel your policy after one month, the company will owe you $500 in unearned premiums.
Non-renewal means the company refuses to renew your policy when it expires. The company must notify you in writing that the company will not renew your policy. It must notify you at least 30 days before your policy expires.
The company cannot renew your policy if it is not valid for 12 months. This means that if you bought a six-month policy, the company cannot refuse to renew it after the first six months are up. It should extend it to give you a full 12 months of coverage.
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The company cannot refuse to renew your policy because of your age. It is also not possible to update your principles.
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