Auto insurance is meant to provide coverage for various road risks. You may wish to protect your vehicle with comprehensive car insurance. You may know you need liability insurance in case you cause an accident. But, what can underinsured or uninsured motorist insurance do for you? Why should you invest in it? While most states don't require drivers to carry this type of auto insurance, it is a very good investment to nearly everyone.
What is Uninsured Motorist Insurance?
Uninsured and underinsured car insurance provides protection for you when you are involved in an accident or suffered loss at the hands of someone who doesn't have enough or any liability coverage. If they cannot pay for the damages you've suffered through their negligence, your policy can provide financial compensation. Even if the driver has the state-required amount of liability insurance, it may not provide enough coverage to help you recoup your losses. Uninsured/underinsured motorist insurance can then kick in to provide you with additional compensation.
What You Need to Know
Most drivers today should carry uninsured/underinsured motorist coverage. When selecting a policy for it, there are a few things to keep in mind:
- Policy amounts range widely, often from $20,000 up to $1 million or more.
- Factor in the value of your car. This can help determine how much coverage you need.
- Consider your medical losses and potential costs, such as long-term medical care from such an accident.
Not all states offer this type of insurance. You also need to consider other types of coverage to maintain your car's value. For example, this type of policy does not offer protection if you cause an accident or are found to be at fault for an accident. This is why it is very important for you to select a comprehensive plan that meets all of your specific needs.
Underinsured and uninsured motorist insurance is a layer of protection that most drivers do not want to be without while on the roads. It's important to realize that there is no way to know what other drivers will do that could possibly cause you harm. Getting uninsured/underinsured motorist coverage is a great way to protect your finances against the unexpected.
We’ve got you covered. Call Harrell Insurance Agency at (843) 766-5533 for more information on Charleston auto insurance.
Have you ever experienced an accident that was caused by an uninsured or underinsured driver? Let us know how your auto insurance helped you through a tough situation.