If you’ve been involved in an auto accident in Texas, it is important that you understand the different types of insurance coverage to protect your health and finances. Collision coverage will cover damages to the vehicle when you, your family members, passengers in your car, and others driving your car with your permission.
The cost of repairing or replacing your car after an accident. You will only receive the amount of your car’s actual cash value, minus your deductible. Actual cash value is the market value of a car like yours without damages.
This coverage is mandatory if you are still making payments on your vehicle.