0

7 Things To Ask About Your Car Insurance Coverage

7 THINGS TO ASK ABOUT YOUR CAR INSURANCE COVERAGE

Scenario:

It is 5 pm, you just got out of work and you are headed down the same roads you take everyday. You pull up to an intersection when that new song you like just starts playing on the radio and BOOM! Someone slammed into the back of your car. They smashed your rear bumper and now, your muscles and back are tense with pain. You are hurt. You are scared. You need help. You were just in a car accident.

 

WERE YOU HURT IN A CAR ACCIDENT?

First thing is first, (1) call the police, (2) seek medical attention, (3) document everything.

When you are involved in a car accident it is important for you to take your own notes of what happened, pictures of the vehicles and scene, and record of the other driver’s license plate and (if possible) insurance and VIN number.  You might not be in pain immediately, but it is always wise to see a medical doctor or go to the emergency room for your safety and wellbeing.

 

CAR CRASH STATISTICS IN TEXAS:

Most injured drivers are unaware of what their insurance policy coverage includes until it’s too late. In the great state of Texas, there were 551,971 reported vehicle accidents in 2016 with an economic loss totaling an estimated $38,600,000,000.  It is pretty safe to say, that all of these drivers did not have car insurance which adequately covered the economic losses sustained when in a car accident.

 

Car Wrecks By Region:

Austin (Travis County) – 20,038

Dallas (Dallas County) – 55,797

Houston  (Harris County) – 112,728

Rio Grande Valley (Cameron, Hidalgo, Starr, Willacy County)  – 23,598

San Antonio (Bexar County) – 52,633

 

When selecting an insurance policy here are 7 THINGS TO ASK ABOUT YOUR CAR INSURANCE COVERAGE.

 

Does it include:

  1. Underinsured motorist coverage steps in when you’re in an accident with an at-fault driver whose liability limits aren’t enough to cover post-accident damage or medical expenses.
  2. Uninsured motorist – coverage can help pay for medical expenses and lost wages of policyholders, authorized drivers, and passengers when the accident-causing driver is uninsured.
  3. No bodily injury insurance or not enough bodily injury – When you are found legally responsible for a car accident, bodily injury liability coverage is the part of your insurance policy that pays for the costs associated with injuries to the other person or people involved. This coverage also provides a legal defense in the event that you are sued for damages.
  4. Medical payments coverage covers accident-related medical expenses (including funeral expenses) for you, other drivers on your policy, and passengers. As cycling has become more popular, it’s important to note this also offers coverage if you’re struck by a car as a pedestrian or cyclist.
  5. Towing and labor coverage offers towing assistance and other roadside service fees, which can add up quickly. We have seen towing expenses as high as $5000 for one of our clients.
  6. Rental car coverage coverage reimburses you for the cost of your rental car if your insured vehicle is unavailable due to an accident.
  7. Reputation of insurance company Not all insurance companies are created equal. What may seem like a good deal on the front end, may cost you more long term. Research your insurance company for reviews. (list credible place to read reviews)

 

 

If you have been injured in a car accident, you may be entitled to financial compensation for your damages. For a free consultation contact Caquias Law Group.

0

Wisdom in Counsel

Just the other day I consulted with a business owner whom had been suffering to his financial detriment for over 3 years from the actions and antics of another member of their limited liability company. The business owner did not want to sue the other member and so the business owner waited for years before ever stepping into a lawyer’s office to seek legal advice.

The business owner had all of the standard agreements and paperwork in order as required by the Texas Secretary of State, but he did not understand what any of the documents meant or what his rights were because he had simply paid an online legal forms website to open up the company, draft the documents, and pay the fees. He thought that talking to a lawyer simply would be too costly and unnecessary because he could just fill in the blanks online and press send. But, just the opposite happened. He had built a business without competent legal counsel, entering himself into a relationship with a “business partner” whom he thought he knew and trusted without ever understanding how his relationship would work if things didn’t work out. Well, throughout that relationship, that business partner was taking advantage of the business owner’s lack of knowledge and good heart which ended up costing the business owner unnecessary lost time, sleep, and profits.

BUILD YOUR BUSINESS WITH LEGAL EXPERTS ON YOUR TEAM EVERY STEP OF THE WAY.

Many people today believe that there isn’t a reason to hire an attorney unless they are being sued, they have been arrested, or they are going to sue someone, and so they wait until things get bad before they get a lawyer. Don’t be that person. Seek counsel.

When you involve experienced legal counsel in good standing with their state bar, you mitigate your risk of failure, lawsuit, loss or damages, and other complicated issues. Involve your attorney early in the game so that they can guide you through your situation and thoroughly explain to you the legal implications of each action you are planning to take.

The Caquias Law Group, PLLC represents businesses, start-ups, inventors, and entrepreneurs at every stage of the business growth cycle. Contact us today to learn more.