When you start shopping around for Texas home or automobile insurance coverage, you may think that it is necessary to take out as much insurance as possible to cover as many incidents as you can This is not necessarily the case. You should carefully consider which options are best for you personally. Some of these options for Texas home and auto insurance coverage are:
- Medical coverage in case someone is injured in your home. Some Texas insurance companies make this an option, and it can save you money on your premiums. However, you should be aware that if an injury to someone else occurs at your home, they can file a lawsuit or other claim asking you to pay medical and other expenses. For this reason alone, many Texas residents go ahead and include at least a small amount of medical coverage.
- Coverage on unattached buildings (sheds, garages, barns, etc). Some insurance companies include these in the homeowner policy; others do not, and you can decide if you want to have coverage on those buildings. If your house still has a mortgage, you may not have options; the mortgage company may require you to have the most complete coverage possible.
- For Texas auto insurance: Full coverage or liability only: depending on the age of your car, and whether or not it is paid off, you can sometimes choose to just take out liability insurance. This pays only for damages to other vehicles or property as well as other expenses that happened as a result of an accident; it does not pay for repairs to your car or medical expenses for you. If your car is not paid off, you may have to take out full coverage.