If you have just purchased a car and are looking for insurance coverage or you are renewing your existing automobile coverage, you need to know about your options.  In North Carolina, to drive legally and responsibly, you must have a minimum of $30,000 in liability insurance.  In South Carolina, the minimum is $25,000.  Keep in mind that these are minimums.  You must purchase additional coverages that will be quite useful and financially beneficial should the worst occur.  These include but are not limited to uninsured and underinsured motorist coverage, medical payments and/or personal injury protection coverage, comprehensive and collision coverage, towing and rental reimbursement coverage, gap coverage, lease loan payoff coverage, umbrella coverage, emergency roadside assistance coverage and mechanical breakdown coverage.  While, you never want to be over-insured, you do want to assess your access to remedies through all providers such as AAA, AARP, your car financing company and other such organizations, comparing these coverages and the prices and discounts offered from various entities.  They all don’t have to be purchased from your car insurance carrier.

If you have questions about the coverages you need, discuss your financial situation with your agent.  Umbrella coverage may be an excellent idea to protect you in an at-fault driving situation where you have a lot of financial risk and exposure.  Uninsured/underinsured motorist coverage is important when you have a significant injury or death arise from an event where the at-fault driver (not you) has the minimum available coverage and your case value exceeds that amount.

The worst time to be reviewing your insurance coverage is when a claim occurs. Do it now. Make sure you are in good shape.