We all get behind the wheel expecting a safe journey. But what happens if you’re in an accident caused by someone else who doesn’t have enough insurance, or worse, no insurance at all?
This is where Uninsured/Underinsured Motorist (UM/UIM) coverage comes in – an essential layer of protection you might be overlooking.
What is UM/UIM Coverage?
UM/UIM coverage is additional insurance you can add to your auto policy. It helps cover your medical expenses and other losses if:
- You’re injured by a driver with no insurance (Uninsured Motorist)
- You’re injured by a driver with not enough insurance to cover your damages (Underinsured Motorist)
Why is UM/UIM Coverage Important in South Carolina?
While South Carolina requires drivers to have Uninsured Motorist (UM) coverage, Underinsured Motorist (UIM) is not mandatory. Unfortunately, medical bills after a serious accident can quickly stack up, exceeding the at-fault driver’s limited coverage. UIM coverage bridges the gap, helping to ensure that you receive the compensation you deserve.
Imagine you’re in an accident and suffer severe injuries. The at-fault driver’s insurance only covers $30,000, but your medical bills total $300,000. With $300,000 in UM/UIM coverage, your insurance company would kick in the remaining $270,000.
The Cost of Peace of Mind
The difference in cost between minimal and substantial UM/UIM coverage can be minimal – often just a few dollars a month. For such a small price, you gain significant financial protection.
Check your automobile insurance policy to see if you have UM/UIM coverage and the amount involved. If you do not have it, or the coverage is minimal, it would be a good idea to contact your insurance agent to discuss increasing it.
If you’ve been injured in an accident caused by an uninsured or underinsured driver, contact The Floyd Law Firm PC. Motor vehicle accidents are one of the most common causes of serious injury. Recovering after a serious accident can require extensive medical care that may be difficult to pay for without the benefit of full compensation. With over 100 years of combined experience, we can help you through the legal process and fight for the compensation that you deserve.
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South Carolina Department of Insurance (SCDOI)
