Insurance Coverage

Car Insurance Coverage in North Carolina

If you have been injured in a car accident through no fault of your own, you have likely begun thinking about how much insurance may or may not be available. Being in a car accident can be an inconvenience on a number of different levels. As a result of your car accident you may suffer injuries, lose your vehicle completely or for a significant amount of time, keep you away from work, among others. No matter what you experience as a result of the accident, being involved in the car accident will likely cause significant disruption to or in your life. As such, knowing and understanding how much insurance is available, what types of insurance exists, and what insurance is available is very important.

Car insurance is used to protect you and your loved ones against expenses you may not be able to bear if you have been involved in a car accident. Understanding the different types and kinds of insurance at play in North Carolina accident case is vital to knowing that you are being treated fairly by the insurance company. Insurance coverage, which means the amount of available insurance, is an essential part of determining how much, if anything, you may be entitled for your injuries relating to the accident. Unless the at fault driver is an established corporation or a wealthy individual, the amount of money that is available for your potential injuries may be limited to the amount of the at fault driver’s insurance coverage—if there is an insurance policy in place.

Please take your time with this article, links provided and read it thoroughly as it is often confusing and misunderstood information.

North Carolina requires that each driver have and continuously maintain liability insurance coverage. Liability coverage for your insurance policy will pay for the bodily injuries and property damages for which it is legally obligated to pay. Insurance coverage not only protects you from at-fault drivers, but also if you find yourself in a situation where the at-fault driver does not have enough insurance coverage.

Most people don’t understand that North Carolina law only requires that each driver maintain at least minimum limits of liability insurance. North Carolina Operates with something called “Split limits.” Under liability coverage you will have separate limits of liability per person and separate limits of liability per collision.

Bodily injury liability is the first part of your liability coverage of your insurance policy. Bodily injury liability is in place in the event that an individual accidently causes the accident that results in the injuries. The minimum coverage limits in North Carolina are $30,000 for each bodily injury per person, but $60,000 total bodily injury for all persons in an accident.

Property damage liability is the second part of your liability coverage of your insurance policy. Property damage liability is used when an individual accidentally causes an accident that results in damage to another person’s property. The minimum limits for property damage are $25,000.
In cases where the at fault driver does not have insurance or has limited coverage, North Carolina law provides some protection to drivers who are injured by an at-fault driver in these situations. If you have been injured in an accident and the at-fault driver has no insurance, or if the at-fault was not caught following a hit-and-run, you could potentially file your claim for damages with your own car insurance company using your Uninsured Motorist (UM) coverage.

Filing a UM claim with your own car insurance will not likely raise your premiums. UM coverage in North Carolina covers both the accident victim’s bodily injuries and medical expenses as well as the related property damage, but only up to the UM coverage limits.

Click here for more information about Uninsured Insurance in North Carolina.

Click here for more information about Underinsurance Insurance in North Carolina.

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