Reader’s Question:
In the state of Texas, what will happen if I get into an accident and I was found to be at fault? Will the damages in my car be paid by my insurance?
Cris
Amarillo, TX
Typically, the party who is not at fault will be the one to claim for the reimbursement of the damages made on him and his vehicle. Your insurance company will be the one handling that in the event that you were insured during the time of the accident. Otherwise, you would have to pay the damages from your own pocket. If you are insured, the amount that your insurance company will be paying the third party would depend on how much coverage you have per bodily damage, vehicle damage, or damage property. For example, if you damaged another vehicle and you carry $50,000 in your vehicle damage insurance, then your insurance company would have to pay the third party $50,000. You may have to check with the local laws of Amarillo, TX about Personal Injury Protection because in a state where this is required, the coverage for bodily injury would have to be prioritized regardless of whose fault it was.
With regards to your vehicle, since you were found at fault, you could only claim under your collision coverage which is is included, I think, in your physical damage. Typically, this coverage is paid in the form of a deductible. The deductible may range from $100 to $1,000 depending on how much you agreed on with your insurance company. So if your damage amounted to $300 and your deductible is $500, you would have to be responsible for the whole amount and not the insurance company.