There are a variety of insurance add-ons Texas drivers may choose to include in their policies that may help with various costs. Some of the add-ons that could help if you are injured in an accident may include the following:
Personal Injury Protection (PIP) Coverage – This helps cover your medical costs and other economic damages you suffer after an accident no matter who caused the accident. It is also known as no-fault insurance.
Medical Payments – This is like PIP. It may be used no matter who is at fault for the crash. However, it only covers the costs of medical bills. It is also referred to as MedPay.
Uninsured/Underinsured Motorist (UM) Coverage – Technically, this coverage is optional, as you can reject it in writing. You may be able to file a claim under a UM policy if the other driver lacks any insurance or lacks enough insurance to cover the full cost of your damages.
Rental Reimbursement – This is available no matter who caused the crash. This add-on may be used to pay for the costs of renting a vehicle while yours is being repaired.
Collision Coverage – This add-on kicks in no matter who is at fault for the damage to your vehicle, but only after you have paid your insurance deductible.
Guaranteed Auto Protection (GAP) Coverage – If your vehicle is totaled and you owe more on the loan or lease than what the vehicle is worth, this insurance add-on may be used to cover the difference.
If the insurance company is taking a long time to offer a settlement, or an investigation to establish liability for a crash is complex, these insurance add-ons may help reduce your out-of-pocket costs.
While having additional insurance may be helpful, you could simply buy more uninsured/underinsured motorist coverage. You never know when you may get into a crash with an uninsured driver. There is also no telling how bad your injuries may be, and if the other driver’s liability coverage runs out you may need a significant amount of coverage to pay for your damages.