If you are searching for Houston TX Commercial Truck Insurance, Texas Insurance Agency is the company for you! Having insurance on your vehicle is the law, not a suggestion in all of the lower 48 states. The amount of coverage mandatory for a commercial vehicle is determined by the Texas Department of Insurance. The insurance company you choose to work with is your choice. The landscape has an abundance of insurance companies who rush into a decision that is best for their bottom line. We uncomplicate the process by handling the cumbersome paperwork so that you can get back to the open road and helps you to meet your financial goals.
Texas Insurance Standards
Standards for commercial vehicles in the state of Texas vary depending on the overall weight, the number of passengers, and the type of vehicle. For instance, a bus that carries 26 or more passengers must hold a minimum of 5 million dollars in coverage. A commercial vehicle weighing in at 26,000 pounds or more must keep $500,000 in coverage. Also, farm vehicles weighing 48,000 pounds are mandated to have a minimum of $500,000 in liability coverage. These examples represent a small sampling of the different types of commercial vehicles on the roadways in Texas, and all have different standards. With so many varying liability standards, it is easy to see how this can become tedious very quickly.
Liability policies that protect your property are only the base layer in building your insurance framework. Owners of commercial vehicles who are not the operator must procure insurance for the operators. For example, accidental injury insurance policies must carry medical coverage of at least $300,000. Accidental death and dismemberment coverage is mandatory at a minimum of $100,000. Consequently, ensuring commercial vehicles is a tedious process, and there is no room for error.
Types of Coverage
The foundation of commercial truck insurance is liability coverage, which is required by law. Liability is never enough to adequately protect your property, other property, and operator in the case of an accident. There are six levels of coverage you need to consider to accompany your liability policy.
- Bodily injury liability provides coverage for the driver and/or passengers injured in an accident.
- Property damage liability protects someone else’s property damaged during an accident.
- Collision insurance covers your vehicle when it hit another vehicle or your vehicle is struck.
- Comprehensive insurance protects your property against natural sister, acts of God, theft, or vandalism.
- Uninsured or Underinsured policies provide protection when the at-fault driver is not your operator, and that person does not have adequate coverage.
- Medical payment coverage pays medical bills for persons injured in an accident that regular medical insurance does not cover.
With so many scenarios to consider, it is easy to become overwhelmed with the process of selecting the exact type of insurance your business needs. Before you make an unnecessary purchase or worse fail to invest in enough coverage, allow our insurance experts to evaluate your current insurance needs.
Insurance is Important
Ensuring that you have chosen the correct amount of coverage is challenging, but it is worth the time and effort to do so. Operating your vehicle without insurance is a reckless act and will cost you a lot of money. The dollar amount for fines for driving without insurance depends on the state where you are driving, the type of vehicle, the weight and haul, and the number of passengers. In general, fines in the state of Texas range from $900 – $1,100 for a first-time offense. The better plan is to use that money to insure your vehicle.
The cost related to driving without insurance includes much more than the debt owed to the state. There has been a 3% increase in the number of accidents and fatalities involving commercial vehicles in the last two years. Consequently, the cost of driving uninsured costs millions to cover property damage, medical, collision, and bodily injury. Expenses like these will bankrupt an individual or business and create a negative stigma associated with a company. The importance of insurance is undeniable. It is vital to your success, and we can help you personalize your policies.
On the Road Again
America runs on the hard work put forward by commercial vehicle operators. We all depend on them to bring food to the grocery stores that come from recently harvested crops. They deliver clothes to our favorite stores, transport our loved ones from place to place. And where would be if they weren’t around to help to build our infrastructure? As much as we need these services, however, we also need them to be done safely and responsibly. In general, purchasing competent insurance policies for commercial vehicles is imposing. That’s why we are here to assist you in all things related to your commercial truck insurance needs.
Whether you have a fleet of vehicles crossing the country daily, a harvester working to bring in this year’s alfalfa crop, or you own a tour bus transporting band kids to competition in Austin. The professionals in our firm will make sure that you, your employees, or passengers are all protected. Operating a vehicle without adequate commercial insurance is risky and can cost you money, your business, or your companies reputation. Prevent any of this from happening to you by contacting us. Our team produces the policies you need to operate with confidence. An alliance with us will safeguard your company from dangers seen and unseen on the road. Give us a call today to learn more!
Houston, TX Fun Facts
Houston is home to 4 professional sports teams (basketball, baseball, football, and soccer)
There are more than 3500 restaurants on Westheimer Road alone.
Houston’s business district, known as the Energy Corridor, has offices and headquarters of over 300 companies.
- For more fun facts, search Houston, TX.