Lawyers, companies battled over auto insurance bill Madison.com
15.08.11
Last year, a driver in Milwaukee had a seizure, crossed the
median and killed Samuel Milons Jr., 38. After Milons’ death, his
fiancee, Angela Minerick, couldn’t afford rent on their Milwaukee
townhouse and racked up credit card debt.
But Minerick, a funeral director, is more secure knowing their
young son, Samuel III, will likely be able to afford college.
Because of a 2009 auto insurance law that allowed Minerick to
“stack” her two auto insurance policies and collect $75,000 — twice
what it would have been without the law — Samuel has a trust to
support him when he turns 18.
Beginning Nov. 1, however, cases like Samuel’s could have very
different outcomes. That’s because one of the new
Republican-controlled state Legislature’s first acts was to allow
companies to forbid policy stacking.
On April 6, following a battle fought largely between insurance
companies and trial lawyers, lawmakers repealed every aspect of
2009’s so-called “Truth in Auto” law except mandatory auto
insurance. In addition to the anti-stacking language, the new law
lowered auto insurance minimum requirements to 1982 levels.
Source:
What are the minimum liability brequirements/b for bauto insurance/b in b.../b
What are the minimum liability requirements for auto insurance in Texas?
I was notified by my insurance agent that there will be a new minimum liability coverage as of April, 1, 2008 here in Texas.
Do any of ya’ll know the answer to this? I found some info on the internet, but it only talks about the current minimum requirements, not the ones coming up.
I also want to know this information so I can know what to expect and see where my insurance pricing/quote will be ranging. (I am a female, 18, and single). I also dont want to get ripped off )
From 20/40/15 to 25/50/25
“Texas law states that a person may not operate a motor vehicle in this state unless financial responsibility is established for that vehicle. Most people do this by buying automobile liability insurance. The law currently requires minimum coverage of ,000 per injured person, up to a total of ,000 for everyone injured in an accident, and ,000 for property damage (20/40/15 coverage). On April 1, 2008, the minimum required liability limits increase to ,000 per injured person, ,000 for everyone injured in an accident, and ,000 for property damage (25/50/25). “
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