The Importance of Purchasing Underinsured Motorist Coverage Insurance
In North Carolina, every vehicle must be insured with liability insurance coverage. The mandated minimum coverage is $30,000 per person injured and $60,000 per accident. So if you are one of several people severely injured by another driver, and that driver has only the required minimum coverage, then everyone injured would be limited to a total of $60,000. This is not good.
How do you protect yourself? Liability coverage, the required coverage, provides compensation to someone injured when you, or someone else driving your car, cause injury by negligent driving. Underinsured motorist coverage provides compensation for you, anyone in your vehicle, and any relative living in your household with you. This compensation is available when someone else causes injury to you, anyone in your vehicle, and any relative living in your household with you and does not have enough liability insurance coverage to provide adequate compensation for the injuries caused by the person that does not have adequate insurance coverage.
Underinsured motorist coverage can be purchased in amounts exceeding $30,000 up to $1,000,000 in North Carolina. If you purchase $1,000,000 in underinsured motorist coverage and your child is badly injured by a person who has only $30,000 in coverage, then your underinsured motorist coverage provides an additional $970,000 as a source of compensation for your child.
It is insurance that you hope you will never need, but if you do, you will be glad you have it.
The attorneys at Glenn, Mills, Fisher and Mahoney always check all sources of underinsured motorist coverage to make sure that all available funds will be known when representing someone who has been injured in a car accident.
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