Uninsured Motorist Coverage: Why It’s Essential Even If You’re a Safe Driver

Auto insurance policies can ensure legal compliance and foster financial security even after serious accidents and vehicular damage. Unfortunately, not everyone carries adequate coverage, making uninsured motorist coverage a valuable investment.

What Is Uninsured Motorist Coverage?

As its name suggests, this part of an auto insurance policy can cultivate financial security even after accidents and damage caused by uninsured drivers. Coverage can help you recoup losses related to bodily injuries and property damage for which other parties are responsible, even if they aren’t insured. Additionally, you may not always know who was at fault for your losses, such as following a hit-and-run accident, but uninsured motorist coverage can still help in such situations.

Why Do I Need It?

Although most states require drivers to carry auto insurance, including third-party liability coverage designed to pay for at-fault losses, these obligations are not always fulfilled. Unfortunately, many motorists may fail to comply with these mandates, meaning you could be left to your own devices following an accident. In these situations, a claim against your uninsured motorist coverage can provide critical aid.

Additionally, some states, including South Carolina, require uninsured motorist coverage and third-party liability coverage. As such, failing to include it in your auto policy would violate the law and potentially lead to fines and other penalties.

You should also absolve yourself of the misconception that you do not need uninsured motorist coverage if you have collision coverage or medical payments coverage. Although such auto policy components can provide aid following accidents regardless of fault, they may be insufficient for costly losses.

We’re Here to Help

Contact GVL Insurance Company in Greenville, South Carolina, today to learn more about uninsured motorist coverage and ensure you have a suitable auto insurance policy.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.