Although you may be fully insured with the right coverage every time you hit the roads in Texas, the truth is that many drivers on the road are not. According to Allstate and a study done by the Insurance Research Council, up to one in eight drivers are uninsured. What does this mean for you when you are involved in an incident with an underinsured or an uninsured driver?

As so many drivers on the road do not have enough coverage or have no insurance coverage at all, you can find yourself in a bad situation if there is an accident where your property is damaged, or you require some type of medical care. If the accident was not your fault, you may assume that the at-fault driver’s insurance will cover your costs, but the best way to prepare for these situations may be to purchase additional coverage on your own.

Most insurance companies sell some type of underinsured or uninsured motorist coverage. Although this coverage is not required in Texas, it is in some other states. Adding this type of insurance to your policy ensures that your costs are covered even when the at-fault driver has no coverage. Your own policy can make up the difference between the driver’s coverage and your bills, although there may be limits to your policy.

Accidents are never planned and can seriously affect your schedule and your lifestyle. In the worst-case scenario, you could end up seriously injured or lose a loved one in an accident. As you work to get back on your feet or recover physically, mentally and financially from an accident, it is important that you have the right insurance coverage to cover costs incurred in the accident.

This information is intended for educational purposes and should not be interpreted as legal advice.