We pay our car insurance policies regularly, expecting them to act as safety nets, confident that they will protect us when the unexpected occurs. Although this is what should happen in an ideal world, sometimes the damages incurred in the aftermath of a car crash tests the limits of what we thought was a secure safety net.

When a Texas car crash leaves you facing damages that extend beyond your insurance policy’s capabilities or involves the potential for future medical expenses or lost wages, seek legal guidance from the Law Office of Shane McClelland, PLLC. Our commitment is to navigate the complexities on your behalf, making sure you explore every avenue for the compensation you deserve. Fill out our contact form for more information. 

What To Know If Your Damages Exceed Your Car Insurance Policy Limit in Texas

When the damages incurred in a car accident surpass the limits of your auto insurance policy, you can quickly begin to feel the financial strain burning a hole in your pockets. This unexpected stress can leave you wondering about your options and the potential implications for your financial well-being.

Understanding Auto Policy Limits in Texas

Before we delve into the complexities of exceeding policy limits, it is important to understand the basics. In Texas, auto insurance policies typically have two types of liability coverage:

  • Bodily Injury Liability Limit: This is the maximum amount your insurance will pay for injuries per person and per accident.
  • Property Damage Liability Limit: This is the maximum amount your insurance will pay for property damage caused by the accident.

If your damages exceed these limits, you may face potential challenges in covering the full extent of your losses.

In Texas, it is mandatory to carry a minimum of $30,000 in coverage for injuries per individual, with a total of $60,000 per accident and $25,000 in coverage for property damage. This type of coverage is commonly referred to as 30/60/25 coverage.

Potential Outcomes When Damages Exceed Policy Limits

If your damages exceed your policy limits, you could be personally responsible for covering the remaining costs. This might involve dipping into your savings, liquidating assets, or facing potential financial strain.

In Texas, having underinsured/uninsured motorist coverage (UIM) can be crucial. This coverage kicks in when the at-fault party’s insurance is insufficient or non-existent to cover your damages. It provides an additional layer of protection in situations where the other driver is underinsured or lacks insurance altogether.

Proactive Measures to Take

Stay informed about the specifics of your auto insurance policy, including coverage limits. Regular reviews can help you make informed decisions about additional coverage, such as UIM.

Also, consider umbrella insurance, as it provides an extra layer of liability protection beyond your standard policy limits. It can be a wise investment to safeguard your assets in the event of a severe accident.

What To Do If Your Damages Exceed Your Car Insurance Policy Limits in Texas

If you find yourself facing damages beyond your policy limits, seeking legal advice is crucial. Experienced personal injury attorney, Shane McClelland, can assess your situation, explore potential avenues for additional compensation, and guide you through the legal process.

Mr. McClelland has almost 20 years of experience and can help you explore other potential sources of funds to help pay for your damages, such as umbrella insurance policies, a lawsuit against the responsible party, and any potentially collectible non-exempt assets.

Recover Compensation for a Texas Car Crash With the Help of an Experienced Attorney

The Law Office of Shane McClelland, PLLC has successfully represented clients in a variety of personal injury cases. Our history of favorable outcomes speaks to our dedication and capability in achieving results.

At the heart of our practice is a commitment to our clients. We prioritize your needs, concerns, and goals, ensuring that you are not just a case file but an individual deserving of personalized attention and support. To schedule your 100% free consultation, call (713) 987-7107 or fill out our contact form to get started.