What's Covered by My GAINSCO Policy?
GAINSCO offers good auto insurance coverage, especially for high-risk drivers. Check out the standard coverage options. Generally, the company takes over most expenses. However, you may also add more options for better protection of your vehicle. You can contact customer service for additional information or if you have any queries.
GAINSCO is a Texas-based company that offers auto insurance policies in many states. The company specializes in minimum-limits insurance. You can expect all its policies to meet the minimum state requirements.
High-risk drivers benefit the most from its auto policy. The company provides nonstandard policies for drivers who cannot qualify for other standard insurance according to their credit score or driving record.
There are several GAINSCO insurance policy coverage options. The following breakdown helps you understand what your policy covers:
Standard Auto Coverage
The standard auto coverage of the company offers the following options.
Liability Coverage
This coverage takes care of any injury and property damage costs when you cause an accident. GAINSCO offers both bodily injury and property damage liability insurance. In most states, both options are mandatory.
The bodily injury liability coverage pays if you hurt others in an accident. It includes medical expenses, lost wages, and recovery treatments. In case of fatal accidents, the insurance also covers funeral costs.
The property damage liability coverage covers property repair costs. It can be the repair costs of the other vehicle or the fences you crashed into. You may also extend your liability coverage to include court fees and attorney bills if you are sued.
Collision Coverage
It covers the damage expenses when your vehicle collides with another vehicle or someone's property. Regardless of the driver at fault, the policy pays for the repair costs. You can discuss the limitation of collision coverage with a customer representative.
Comprehensive Coverage
This coverage takes care of repair expenses that arise from circumstances outside the driver's control. It covers damages from weather events, vandalism, theft, hitting an animal, and natural disasters.
Underinsured/Uninsured Motorist Coverage
The company pays for medical costs and property damage expenses if an uninsured or underinsured driver causes the accident.
The policy combines both options in some states. Meanwhile, a few states have separate coverages. You can reach out to customer service and check the availability in your state.
Medical Coverage
The company exclusively handles medical costs when you get into an accident. You can also expand the coverage to cover lost wages and health-related expenses.
Additional Auto Coverage Options
You can also include more options in your GAINSCO policy coverage. It helps in enhancing protection for your car.
Additional options include the following:
No-fault Insurance
It covers damage and medical expenses regardless of who is at fault during a car accident. In some states, it includes personal injury protection coverage.
Non-owner Insurance
This policy offers protection for drivers who drive borrowed cars. The company provides uninsured motorists, medical payments, and liability coverage to non-owners who take this option.
Rental and Towing Coverage
Rental and towing coverage takes care of vehicle towing costs when your car suffers a breakdown. While your car is in the repair facility, you can take a rental car. The company covers the rental costs.
SR-22 Certificates
This certificate is necessary for a few states. It proves that policyholders are carrying the minimum insurance according to the state's requirements. You may also need an SR-22 certificate when you lose your license or when your car is in legal custody.
Contact the company to learn further details of additional coverage options.
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