Minimum car insurance coverage is the only requirement for motorists in North Carolina as mandated by the law. However, taking a look at severe injuries relating to car accidents, this coverage will not suffice for all the expenses and financial compensation to be incurred during these incidents.
If this is the case, one can utilize the use of uninsured-underinsured motorist (UM/UIM) policy. Uninsured coverage provides coverage, such as medical expenses, lost wages, and injuries, for those without car insurance coverage. The Underinsured Coverage, on the other hand, will equipped a driver whose current car insurance coverage is not enough to compensate for the damages incurred.
The purchase of this uninsured-underinsured motorist (UM/UIM) policy is still based on the driver’s capacity to pay as some may use this abusively in order to save more money. One should always remember that life and safety are important for every driver and one should take necessary actions to safeguard it at all times by all means possible.
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