16 Nov Automobile Insurance Coverages in South Carolina
While South Carolina mandates certain insurance and makes other insurance optional, it is important to assess your personal situation and consider all the following coverages when completing your application. Keep in mind an adequate amount of insurance can help protect your assets and provide greater peace of mind.
Bodily Injury Liability
It is mandatory to have at least $25,000 in bodily injury liability coverage per person and a minimum of $50,000 for all individuals injured in a single wreck. Bodily injury liability coverage is designed to protect you if you are at fault in a car wreck that results in injuries to others. This coverage helps pay for medical expenses. Without bodily injury liability insurance, you could be personally responsible for paying someone’s medical bills.
Property Damage Liability
Drivers must also maintain $25,000 in property damage liability coverage. Property damage coverage comes into play when you are responsible for damaging someone else’s property, such as their vehicle or other structures. This coverage helps cover the repair or replacement costs.
Uninsured Motorist Coverage (“UM”)
If you are ever in a collision with a hit-and-run driver or an uninsured driver, you can look to your insurance company for compensation. Uninsured motorist coverage protects you as the policyholder. South Carolina law requires you to carry uninsured coverage equal to the minimum amounts of liability coverage.
Underinsured Motorist Coverage (“UIM”)
UIM coverage, not to be confused with UM coverage, is optional and provides additional protection if you’re in a car wreck with a driver whose insurance coverage does not cover all your damages (medical bills, pain and suffering, etc.).
Medical Payments Coverage
Medical payments coverage is a type of auto insurance coverage that helps pay for medical expenses resulting from injuries sustained in a car wreck, regardless of who is at fault.
Understanding insurance in South Carolina is paramount for responsible driving. Whether you’re reviewing your current policy or shopping for a new one, being informed about these aspects will empower you to make decisions that align with your needs and provide financial security in case of an accident.
Do you need a car wreck attorney?
Do not face insurance companies alone. At the Hair Law Firm, we are here to represent and fight for you. For a free consultation, call us at (803) 881-3711.
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