Month: January 2014

When you are looking at liability coverage in Dallas / Fort Worth, Texas for your car, it is important to recognize the difference between a single limit plan and a split limit plan. Auto insurance coverage provides the opportunity to select the plan that is most appropriate for personal concerns.

Split Limit

A split limit plan is a type of insurance coverage that splits up the liability protection into three basic categories: coverage for individual injuries, maximum injury protection and property damage. The policy will provide a certain amount of protection for every person involved in an accident, a maximum amount for total injury coverage and a set amount for damage to the vehicles. In most cases, the injury protection is the majority of the policy while the limit for property protection per accident is a lower amount.

Single Limit Plans

A single limit policy is a type of combined policy. Instead of splitting up the coverage into separate types of liability concerns, the policy has a maximum protection plan for each accident in a single amount. For example, if the total liability coverage is $100,000 per accident, then that amount will cover injuries and property damage.

The key difference is whether the protection plan is split into more than one category or if the policy only has a single amount that covers the entire accident.

Making the decision to split up your liability protection or keep it in a single amount is ultimately dependent on your goals and concerns. In both situations, you are protected from the cost of medical expenses and property damage, but the amount of protection may vary. To learn more about protecting your car, contact us to talk to an independent agent today.

When you want to obtain a low premium on your car insurance policy in Dallas / Fort Worth, Texas, it may be tempting to remove certain family members from your current policy. When a family member is excluded from the auto policy, it may help lower your premiums, but it is only appropriate if that individual is not driving the car.

Preventing Cancellation

If your concern is related to a cancellation because a family member got into an accident, the premium is too high to manage or another situation has arisen that is putting you at risk, you may wonder about excluding an individual from the policy.

Depending on the situation, excluding a family member might be appropriate. The only time it is appropriate to exclude an individual from your policy is when they are not driving the car. If they drive and live in the same house, then they must be under the current policy.

Lowering the Premium

As long as the individual is not driving the car, excluding them from the policy may result in a lower premium. It can have a dramatic impact on the premium if the individual is considered a high risk driver, but the impact may be limited if they are a good driver and have never been involved in an accident.

Although it may be tempting to remove a family member from a current auto insurance policy, it is not always possible. In many cases, it may be better to try finding a new insurance provider who offers more competitive prices. If you want to learn more about insurance options in Texas, contact us to talk to an independent agent today.