I previously discussed in another article, how to get more money after a car accident, (click here to see previous article) the issues with getting in an auto accident and how to get more money in your pockets. I also discussed how the settlement is commonly divided between the client, lawyer, and the treating doctors with each usually getting 1/3rdof the settlement. In this article I will discuss auto insurance policy limits for your injuries in Texas and how much you can get.
Policy limits for commercial vehicles:
I will discuss policy limits for personal vehicles, which are much less than commercial vehicles, in the next section. However, for commercial vehicles the limits depend on the type of vehicle.
Texas requires a minimum $500,000.00 injury policy for any commercial vehiclesthat are used within Texas state lines.
If the vehicle is used to travel across state lines, then federal law controls. The following are the limits for vehicles used to travel across state lines:
- $300,000 for trucks weighing less than 10,001 lbs. and transporting nonhazardous materials.
- $750,000 for trucks weighing at least 10,001 lbs. and transporting nonhazardous materials.
- $1 million for trucks transporting oil.
- $5 million for trucks carrying hazardous materials.
For commercial vehicles that travel across state lines and can fit 16 or more passengers, such as buses, the minimum limit is $5 million, and if same vehicle can only carry 15 or less passengers then the limit is $1.5 million.
Policy limits for personal vehicles:
For personal vehicles, policy limits are much lower. Currently, policy limits for personal vehicles in Texas are $30,000 per person for your injuries with a maximum of $60,000.00 coverage. Meaning for example if there are passengers in the vehicle, insurance would only be required to pay $60,000.00 maximum for everyone combined. Further, the limits for property damages, which are the damages to your vehicle, is at $25,000.00; this is known as the 30/60/25 coverage.
Does this mean no matter what happens this is what I am limited to?
Not necessarily, but this is the maximum you can get from the insurance company, unless a Stowers Demand is denied by an insurance company. I will discuss the Stowers Demand in a follow up article. You can also decide to not go after the insurance or reject their offer and sue the vehicle owner directly. For most cases, it is best to just get the money you can from an insurance company because of the limitation Texas law puts on collection of judgment from an individuals, which I will also discuss in a follow up article.
If you have been involved in an accident, or simply have some questions, and you are looking for a car accident attorney in North Houston, car accident attorney in the Woodlands, car accident attorney in Tomball, Cypress, FM 1960, Galveston, and surrounding areas, call me, Amir Tavakkoli, Houston from the A.T. Law Firm for a free consultation. We also handle cases in different counties including but not limited to Harris County, Montgomery County, Liberty County, Chambers County, Galveston County, Ford Bend County, Waller County, and Brazoria County. Contact the A.T. Law Firm by calling (832) 800-5590 for a free consultation.