Understanding Your State's Insurance Limits

Insurance coverage, requirements and limits vary from state to state. Depending on where you live, you may only be required to carry liability insurance for your car or basic coverage for your home. Before a disaster strikes, you want to make sure you are fully covered and you can get life back to normal quickly.

For example, Texas automobile insurance limits are 30/60/25. The 30 and 60 refer to bodily injury liability limits and the 25 refers to property damage. So, if you live in Texas, and you have an accident, each person would receive up to $30,000 for bodily injury, but the maximum limit for the accident is $60,000. You would also be covered for $25,000 in property damage. Make sure you have enough coverage so you will not have to pay out-of-pocket after an accident. To purchase more coverage for an affordable price, consider raising your deductible.

When looking at insurance for your single dwelling home or condo, you may be tempted to accept the lowest limits allowed by your state. You may actually feel better if you have additional coverage to make sure you are able to replace your home and your personal property quickly. You may need to replace you expensive laptop computer so you can get back to work. If you don't have enough insurance coverage, this may be something you have to do without.

Overall, whenever you are looking for insurance coverage, do some research so you can be a well-informed consumer. You do not have to pay a lot of money for insurance if you shop around for a great deal. Go online and get several quotes and also make sure you understand your insurance needs.