Final answer:
UM/UIM coverage in Texas is mandatory and covers hit-and-run accidents. The mandatory coverage amount is $30,000 per person and $60,000 per accident. Insured individuals cannot decline UM/UIM coverage, but they can reject it in writing using a specific form.
Step-by-step explanation:
UM/UIM coverage in Texas is mandatory. This stands for Uninsured/Underinsured Motorist coverage, which protects you if you are involved in an accident with a driver who doesn't have insurance or doesn't have enough insurance to cover your expenses.
Hit-and-run accidents are indeed covered under UM/UIM coverage in Texas. If you are the victim of a hit-and-run accident and the responsible driver cannot be identified, your UM/UIM coverage would apply.
The amount of mandatory UM/UIM coverage in Texas is $30,000 per person and $60,000 per accident. These limits can be increased if you choose to purchase additional coverage.
It's important to note that an insured cannot decline UM/UIM coverage in Texas. However, they have the option to reject UM/UIM coverage in writing, but this rejection must be on a specific form provided by the insurance company.