If you’re in a motor vehicle accident and you’re lucky enough to walk away without any injuries, you’ll still have to deal with the financial fallout. Your first line of defense against losing everything because of a car wreck is your insurance policy. Texas requires that every driver carries a minimum of $20,000 of coverage for each individual person injured in a crash, $40,000 for everybody injured in the crash and $15,000 for property damage that results from the crash. This may seem like a lot of money on the face of it, but it’s easy for a car wreck to end up costing far more money than this.
In the Dallas-Fort Worth area, there are enough people on the roads on any given day to present plenty of hazards where getting into crashes is concerned. Many of these drivers will be behind the wheels of very expensive cars. If you slam into an efficiency car, $15,000 worth of property damage coverage may be enough to cover the entire vehicle, if need be. If you happen to slam into a new Jaguar, you’re probably going to have a big problem on your hands if that’s all the insurance you carry.
The minimum insurance requirements are just that: bare minimums. They provide enough coverage to take care of the fallout of the vast majority of accidents, but there are many scenarios where this level of coverage would prove woefully inadequate. It’s important to remember that none of this coverage applies to your own vehicle or your own medical expenses, as well. If your vehicle is destroyed as a result of an accident, you’ll be on your own if all you’re carrying his liability insurance.
You may end up in a situation where you’re in a wreck with another driver who isn’t carrying any insurance at all. You’ll want to make sure that you carry what’s called uninsured motorist coverage so that you don’t end up in a situation where you can’t recover your losses if the other driver is financially irresponsible. If you’ve been injured as a result of another driver’s negligence or if your property has been destroyed as a result of another driver’s negligence, you may want to consider hiring a Dallas auto wreck lawyer. The car accident attorney may be able to help you recover damages by way of a lawsuit or by pursuing a settlement out of court.