What if you are involved in an accident with an individual whom follows the South Carolina Department of Insurance mandate for operating a vehicle with appropriate levels of liability coverage, but the resulting accident causes damages, which exceed their coverage amounts?
How will you pay for the medical bills which are the result of the accident? How will you pay to have your auto repaired? How will you be compensated for the pain and suffering caused by their recklessness?
Underinsured Motorist Coverage will compensate you for the difference between what their auto insurance policy covers and the damages which have occurred as a direct result of their recklessness. For instance, if you have $500,000 in Underinsured Motorist Coverage and you accumulate $450,000 in medical bills, you will absolutely pay no out-of-pocket expense even if their policy limits are exceeded by the accident. Unlike Uninsured Motorist Coverage, Underinsured Motorist Coverage is an elective coverage and is therefore not legally required to operate a motor vehicle according to the South Carolina Department of Insurance.
Please take a moment to learn more about the vast array of auto insurance coverages offered by Ingram Insurance and Real Estate in Cheraw, South Carolina. Our team of insurance industry professionals has the experience and expertise to exceed your expectations. To schedule your appointment today, call (843) 537-9386 and one of our friendly agents will be happy to assist you.