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Life Insurance -Covington LA
At TWFG Luarca Insurance, we understand that securing your family’s future is a priority. That’s why we offer life insurance policies tailored to meet your specific needs and financial goals. Whether you’re looking for affordable coverage for a set period or a policy that builds value over time, we have options to suit every stage of life.
Term, Whole and Univeral Life Insurance
We know that choosing the right life insurance policy can feel overwhelming. Our experienced team is here to help you navigate your options, explain the benefits of each type of coverage, and tailor a policy to meet your unique needs and budget.
Types of Life Insurance
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Liability Insurance CoverageLiability insurance is required by law to cover property damage or bodily injuries resulting from an accident you cause. However, it does not cover injuries you or your family; for that, you will need Personal Injury Protection and Medical Payments coverage. Additionally, Liability coverage does not protect your vehicle, which is where Collision and Comprehensive coverages come into play. These extra options can prevent hefty expenses following an accident. Minimum Required Liability Coverage in Louisiana: $15,000 for Bodily Injury (per person) $30,000 for Bodily Injury (per accident) $25,000 for Property Damage You can always choose higher limits for added protection.
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Uninsured/Underinsured Motorist CoverageLouisiana Law requires insurance carriers to offer Uninsured/Underinsured Motorist (UM/UIM) coverage, however it is not a mandatory component of your auto insurance policy. This coverage protects you in the event of an accident caused by a driver lacking insurance or insufficient coverage. Minimum Required UM/UIM Coverage in Louisiana: $15,000 for Bodily Injury (per person) $30,000 for Bodily Injury (per accident) You can select higher limits if you desire increased protection.
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SR-22 InsuranceSR-22 insurance serves as a liability document for high-risk drivers. It demonstrates your financial responsibility and guarantees coverage for a specified period. If your policy is canceled or lapses, your insurer must notify the Louisiana Office of Motor Vehicles (OMV). Louisiana law requires an SR-22 in certain situations. It is typically mandated by the state for drivers who have: Been convicted of driving under the influence (DUI) or driving while intoxicated (DWI). Had their license suspended or revoked due to serious traffic violations. Been involved in an accident without proper insurance coverage. If you fall into one of these categories, you must obtain an SR-22 from your insurance provider, which will be filed with the Louisiana Office of Motor Vehicles (OMV). It's important to maintain the SR-22 for a specified period, usually three years, to avoid further penalties or license suspension.
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