Insurance Articles

States such as California, Michigan and many others require residents to carry proof of financial responsibility to legally drive or register an automobile. Often when motorists are required to provide evidence that vehicle coverage has been purchased, and failing to display these documents when necessary could result in a number of fines or potential jail time. Some State Departments may also suspend an individual’s license or vehicle registration if convicted of…

Traffic accidents are unfortunately a regular occurrence, and it is for this reason that people typically purchase an automobile protection plan. In an effort to keep residents adequately insured and responsible for at-fault damages, Texas law requires that all motorists maintain a minimal amount of coverage. Drivers must obey financial responsibility laws stating that all vehicle owners carry liability coverage with limits of at least $30,000 for bodily injury to one person and $60,000 per accident, as well as $25,000 for property damage. Although residents are encouraged to…