If you’re a fan of late light television—or have a bad driving record—you’re probably familiar with the discount insurance companies on the market. They usually offer low rates and will cover just about anyone, no matter how atrocious their driving records. While financial responsibility laws do have some advantages, they also opened up a market for truly bottom of the barrel insurance providers who prey on those who don’t really understand much about insurance at all.
Famous Last Words
“It’s not worth that much coverage”, or a statement similar to it, is how many people get themselves into trouble. Imagine losing your car, even if it’s a beater. You’d be out for transportation, may not be able to get back and forth from work and, if you live in a big city like Dallas, you might not even be able to get out for a night on the town easily. Remember that taking away someone’s right to drive a vehicle is used as a punishment for several different crimes and there’s a reason for it; it’s miserable. The state minimum insurance is good coverage if you’re only worried about other people on the road. It doesn’t really help you out in all cases, however.
Liability vs. Collision
Liability insurance pays out when you’re in an accident and you’re liable. It pays out to the other person and basically ensures that you don’t end up costing them their car through your own bad driving or just through a simple accident. Collision insurance pays out when you’re in a collision and, depending upon your coverage, it pays out to you. This means that you can get your car fixed or total it out if it’s damaged, which is very important to anyone on the road.
Comprehensive is the best coverage out there, but it’s also very expensive. This type of coverage takes care of just about anything, from theft to vandalism to tree branches falling through your windshield. If you have an expensive car, this is the coverage that you should have to go along with it.
If Insurance Doesn’t Pay
If you’re involved in a Dallas car accident and your insurance company refuses to pay, consider contacting a car accident lawyer. They may be able to help you deal with the insurance company or, if necessary, to sue them for the money that you’re owed. No matter how big the company, a lawyer can take them on.