What You Need to Know About South Carolina’s Uninsured Motorist Coverage Law

South Carolina is one of the states where insurance laws can be particularly complex, especially regarding uninsured motorist coverage (UM). Understanding these laws is essential for protecting yourself on the road. This article outlines the key points of South Carolina’s uninsured motorist coverage law, helping you navigate your insurance options better.

What is Uninsured Motorist Coverage?

Uninsured motorist coverage is a type of insurance that provides financial protection if you are involved in an accident with a driver who does not carry adequate insurance. In South Carolina, this coverage is crucial since it helps cover medical expenses, lost wages, and other damages when the at-fault driver cannot pay.

South Carolina’s Requirements

In South Carolina, the law does not mandate drivers to carry uninsured motorist coverage; however, it is highly recommended. If you opt to have this coverage, your insurer must offer it to you when purchasing a policy. If you choose to decline it, you must do so in writing.

South Carolina law stipulates that if you purchase liability insurance, you automatically receive uninsured motorist coverage up to the same limits as your liability policy unless you specifically reject it. This is known as the “default coverage.”

Limits of Coverage

In South Carolina, the minimum liability insurance requirements are set at $25,000 per person for bodily injury and $50,000 per accident. This means that uninsured motorist coverage can also have similar limits unless higher limits are elected. It is wise to consider higher coverage levels to ensure adequate protection in case of severe accidents.

Stacking vs. Non-Stacking Coverage

Another important aspect of uninsured motorist coverage in South Carolina is the option for stacking coverage. Stacking allows policyholders who have multiple vehicles insured under the same policy to combine their UM coverage limits. For example, if you have two cars insured with $25,000 in coverage each, stacking would allow you to access a total of $50,000 in benefits instead of just $25,000. Non-stacking, on the other hand, keeps coverage limits per vehicle. It’s crucial to discuss these options with your insurance agent to determine which choice best suits your needs.

Filing a Claim

If you find yourself in an incident with an uninsured driver, you will need to file a claim with your own insurance company. It is wise to report the accident to the authorities and gather all necessary documentation, including police reports and witness statements, to support your claim. South Carolina allows two years to file a claim from the date of the accident, so being prompt and prepared is crucial.

Conclusion

Understanding South Carolina’s uninsured motorist coverage law can help protect yourself and your assets in the event of an accident. Given that many drivers may not carry enough insurance or any at all, having this coverage can make a significant difference. Always consult with your insurance agent to explore your options thoroughly, including limits and whether stacking is right for you. Make sure you stay informed to ensure your safety and the safety of others on the road.