Stacking Underinsured Motorist Coverage in South Carolina
What is Underinsured Motorist Insurance Coverage?
Underinsured (UIM) motorist coverage insurance above and beyond the at fault driver’s insurance if that amount does not compensate you for your car accident injuries. South Carolina law requires that all motorists maintain at least $25,000 in liability insurance. Sometimes medical bills from a car wreck exceed the $25,000. If you have UIM insurance then you can request additional compensation from that UIM policy.
How Do I know if I have Underinsured Motorist Coverage?
Underinsured motorist coverage is not a requirement. It is an additional level of insurance coverage that you elect to pay a premium to have on your vehicle. While liability insurance is required, UIM is not. Many times a person does not elect to have this additional coverage. In order to determine whether or not you have underinsured motorist coverage to protect you in a South Carolina car accident, you can look at your insurance card, look at your policy and the declarations page, call your agent or call your insurance company. The cost for UIM insurance is usually pretty inexpensive so it may be a good thing for you to add.
What is Insurance Stacking?
Stacking insurance is when you have multiple vehicles with UIM insurance. If your damages exceed the first UIM policy you can then “stack” the policies for each of the remaining vehicles assuming they all have UIM insurance. The Court has held that “stacking refers to an insured’s recovery of damages under more than one insurance policy in succession until all of his damages are satisfied or until the total limits of all policies have been exhausted.” State Farm Mut. Auto. Ins. Co. v. Moorer, 330 S.C. 46, 60, 496 S.E.2d 875, 883 (S.C. Ct. App. 1998).
Stacking Insurance Can be Complicated
Many people injured in a car wreck or trucking accident do not know they can stack insurance. Even if they know they can stack insurance they don’t necessarily know how to do it. An experienced car accident or personal injury lawyer can assist with determining whether or not your injuries and damages rise to the level of needing to be stacked. In order to protect your case, many people choose to have a free consultation with a personal injury lawyer just to find out their rights. Knowledge is power in these circumstances. Often you are dealing with an insurance adjuster that is trying not to pay you the most benefits or to allow you to stack your policies.
Protect Yourself and Your Family
Do yourself a favor and meet with an experienced personal injury lawyer. There is no obligation so why not at least know your rights? With offices conveniently located in Greenville and Columbia we can offer a free consultation to you to discuss your injury case issues.