Houston SR22 Insurance
Q: What is Houston SR22 and how much is required?
A: When your driver’s license is suspended in Texas, here are certain consequences in the form of higher car insurance requirements which you must hold for two years after the date of your license’s first suspension. This special requirement is called the Houston SR22 form, and it must be filed by your car insurance company with the Texas DPS if you want to have your driver’s license’s workability returned to you.
Houston SR22 car insurance is costly, and although you don’t have to have more coverage than usual, you are required to keep paying on it and will be caught immediately if you fail to continue being insured. If you don’t pay your car insurance premium, your coverage will be canceled and your driver’s license resuspended along with it.
As for the required minimum car insurance for your Houston SR22 policy, you will have to follow Texas insurance laws which require you to have a total of seventy five thousand dollars in coverage, which breaks down to forty thousand bodily injury liability per accident, with twenty thousand allotted per person, and fifteen thousand dollars of property damage coverage.
Does Inexpensive Car Insurance Equal Low Liability limits?
Before you try to decide what the right amount of coverage should be. You first need to understand what Automobile Liability Insurance covers. There are always two factors that make up liability coverage. There is bodily injury and property damage liability.
Bodily injury liability covers injuries do to a car accident.
1. First Aid at the Accident
2. Doctor bills due to the accident
3. Money for lost wages
4. Final expenses
5. Lawyer Fees
Property Damage Liability covers the damage that is sustained in an accident:
1. Structural damage to homes, storefronts, etc.
2. Repair or replacement costs for other stationary objects
3. Car restoration or replacement expenses
So, what coverage limit are right for you? Every state compiles there minimum guidelines individually. 15,000/30,000/15,000 is the minimal norm but that may vary from state to state so check your state guidelines. You might have noticed that there are three coverage figures and not two. This ..
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