Insurance always sounds complicated. Automobile insurance in NC can be especially complicated.
The little video I’ve linked above tells you, briefly, what our auto insurance policies in NC tend to cover. It’s not exhaustive, but gives you some ideas as to what you’re buying. I don’t really want to talk about all the types of coverage today, but I just want to get a few messages across.
The message for today is that you NEED to have adequate insurance! Why? I’m glad you asked!
First, it’s the law, You are required to have liability insurance. That’s the coverage that will pay your victims, up to the limits of your coverage, if you screw up and hurt someone or their stuff. Get it!
Second, when you buy liability insurance in NC, you automatically get uninsured and underinsured motorist coverage. This stuff is worth every penny you’re paying for it. In fact, I think you should go buy extra if you can. Uninsured coverage helps cover your damages if some knucklehead hits you and didn’t have liability insurance. Second, if some knucklehead with insurance screws up so bad that their liability coverage isn’t enough to cover all of your damages, YOUR underinsured coverage can fill in the gap up to the amount of your policy limits. I can’t tell you how many times these two types of situations have come up in my practice. If you’re in an automobile accident in NC you DO NOT want to be in a position where you have either no coverage for your injuries or you don’t have enough coverage for your injuries.
So, call your insurance agent now and get as much UM/UIM coverage as he or she will let you buy. I promise you they’ll let you buy a lot.