Unfortunately, the answer is that very often, a minimum limits policy is not enough to pay for all the damages caused by a negligent driver.
Serious car accidents mean big injuries and serious medical bills. You could also lose time from work, which puts you and your family’s financial well-being at risk. So, what are the minimum limits for an automobile insurance policy Texas?
$30,000 bodily injury per person
$60,000 bodily injury per accident
$25,000 property damage per accident
Often, you will see a minimum liability policy referred to as a 30/60/25 policy. Under Texas law, in order to legally operate a vehicle on Texas Roadways, you must have car insurance. At the very least (Minimum), Texas drivers must have an insurance policy that covers up to $30,000 in bodily injury, $60,000 per accident and $25,000 per accident.
How Does a 30/60/25 policy apply in a Car Accident with Multiple injured driver or passengers?
Sometimes, it is difficult to understand how a minimum policy’s coverage works to cover your medical expenses and wages. The best way to understand how a 30/50/25 policy works is to provide an example. Let’s suppose that you are in a car accident with a negligent driver that has a minimum limits policy. That policy would have $30,000 coverage available for your bodily injury. Even if you medical cost, wages losses and other damages exceed $30,000, you cannot recover the $60,000 per accident. If you were the only driver in your vehicle that was harmed, the coverage is limited to $30,000. On the other hand, suppose that you are in a car accident with a negligent driver with a minimum limits policy, and you had 2, 5, or 7 passengers, the only bodily injury coverage available for the entire group is $60,000. Unlike what many people think, the $30,000 per person in a minimum limits policy is not multiplied by the number of passengers you have. That is the significance of the reference to 36/60, $30,000 per person and $60,000 per accident, no matter how much bodily injury the negligent driver causes to other drivers or passengers. The “per accident” language limits the total amount of coverage available to all those harmed by the negligent driver to $60,000 today. This is why it is important to understand why you should consider purchasing additional coverage (Uninsured/Underinsured, medical payments, personal injury protection) to protect yourself and your passengers when you have car accident with a negligent driver that only carries a minimum policy.
Can the Other Driver have More Coverage than the Minimum?
Yes, it is very common for individuals or businesses who operate vehicles on the roadway will have more coverage available. By law, commercial vehicles must carry much larger policies than the minimum limits policy for individual drivers. Also, individual drivers can purchase larger policies to make sure that have the coverage necessary if they cause serous bodily injury or property damage in an accident.
Compensation for Physical Pain, Mental Anguish, Medical bills and Lost Wages?
If you are involved in a car accident and need assistance determining what insurance coverage is available to cover your damages, get the legal counsel that you need. At Sandoval Law Firm, PLLC we treat every client with the care and attention that they deserve. We are available to help you in your car accident case, call us at (346) 347-7777 for a free and informative consultation!