Bodily Injury & Property Damage Liability
If an insured
person is legally liable for an accident, BI coverage pays
for injuries/death to people involved in the accident other
than the insured driver. BI also pays for legal defense
costs if you are sued. Certain exclusions may apply.
Property Damage Liability Coverage (PD)
If an insured person is legally liable for an
accident, PD coverage pays for damage to others' property
resulting from the accident. PD also pays for legal defense
costs if you are sued.
Uninsured Motorist
Bodily Injury coverage pays for medical expenses, lost
wages, and other general damages when the insured or his /
her passengers are injured in an accident caused by a driver
with insufficient auto insurance coverage. The limits for
Uninsured Motorist coverage are set at the
purchase of the auto policy.
Underinsured Motorist Bodily Injury coverage pays for
medical expenses, lost wages, and other general damages when
the insured or his / her passengers are injured in an
accident caused by a driver with insufficient auto insurance
coverage. This bodily injury coverage usually pays the
difference between the insured's Underinsured Motorist
bodily injury limit and the other drivers bodily injury
coverage limit. The limits for Underinsured Motorist
coverage are set at the purchase of the auto policy.
PIP Personal Injury Protection benefit may be applied
for rehabilitation services made necessary because of
injuries resulting from an auto accident.
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AIG, Chubb, Foremost, Hagerty, Lloyds, McGraw, Nationwide, Pacific, Progressive, Safeco, Sentry.
Example:
Texas law has severe
penalties for violating the state's financial responsibility
laws. Not having minimum liability insurance, a first
conviction will result in a fine between $175 and $350.
Subsequent convictions could result in fines of $350 to
$1,000, suspension of your driver's license and impound of
your vehicle. Texas uses a real time insurance verification
system called Texas Sure,
which allows law enforcement officers to instantly verify
whether a vehicle has auto liability coverage required by
state law. In short, state officials say if you're not
covered, you'll be discovered.
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