Should I Have Underinsured Motorist Insurance?

If a car wreck causes you serious injury, an uninsured or underinsured at-fault driver can create many new obstacles as you try to pay for damages and medical expenses. Drivers with little or no insurance can turn collecting appropriate compensation for your injuries into a nightmare. To counteract this, insurance providers offer uninsured motorist (UM) and underinsured motorist (UIM) coverage. This insurance can cover you if an inadequately insured driver causes your injuries. It is important to know how this insurance can assist you after a wreck.

WHY DO I NEED UNINSURED OR UNDERINSURED MOTORIST INSURANCE?

Uninsured or underinsured motorist coverage will benefit you when the driver who collides with you possesses no or low liability insurance coverage that does not cover the total damage caused to you. For example, if your policy covers up to $50,000 per person and you are struck by a driver whose policy only covers $30,000, underinsured coverage could grant you up to an additional $20,000 beyond the amount the other driver’s policy would cover.

Because negligent drivers can cause accidents at any time, even if you obey all the rules of the road, possessing UM and UIM insurance can be very beneficial. UM coverage is required in both North and South Carolina, and UIM coverage may be required in North Carolina depending on your policy and is optional in South Carolina. If you own a high-value auto accident policy, you should obtain UIM coverage, as it pays your property damage or expenses if they rise beyond what an underinsured driver’s insurance will cover.

You can also still benefit from UIM coverage even if you only have minimum coverage. Many other states have lower minimum insurance requirements; if a driver from a state such as Florida – which only requires $10,000 of bodily injury coverage per person – injures you, the compensation you receive may not come close to covering your medical expenses unless you have an underinsured motorist policy.

WHAT ARE THE CAR INSURANCE REQUIREMENTS IN NORTH CAROLINA?

In North Carolina, the minimum insurance policy requirements are:

  • $25,000 for injury or death of one person;
  • $60,000 total for all damages of one incident;
  • $25,000 property damage coverage;
  • Uninsured motorist (UM) coverage required
  • Underinsured motorist (UIM) may be required, depending on the amount of coverage on your policy

WHAT ARE THE CAR INSURANCE REQUIREMENTS IN SOUTH CAROLINA?

In South Carolina, the minimum insurance policy requirements are:

  • $25,000 for injury or death of one person;
  • $50,000 total for all damages of one incident;
  • $25,000 property damage coverage;
  • Uninsured motorist (UM) coverage required that matches or exceeds the minimum policy, plus $10,000 more
  • Underinsured motorist (UIM) must be offered by insurance providers, but is not required for drivers

WE OFFER FREE ATTORNEY ADVICE ANY TIME YOU NEED IT

At Stewart Law Offices, LLC, we are ready to handle car wreck cases anytime you are affected. If you have been hit by an uninsured or underinsured motorist, we can help you navigate through the insurance claims. If a lawsuit is necessary, we are experienced litigators capable of handling the complex cases. Call our injury lawyers at any time or fill out the contact form on our site for a free consultation.

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