Underinsured Motorist Coverage

In NC, $100,000 in Underinsured Motorist Coverage isn’t exactly worth $100,000! Many people with this limit of coverage believe that their UIM coverage may pay an additional $100,000 in addition to what at an-fault party’s liability policy may pay for injuries. However, that is not the case. In North Carolina, payments from an at-fault liability insurance policy are credited against the underinsured policy, which means the underinsured policy actually pays less than you might think. In other words, if the liability policy pays out $50,000, then the undersinsured policy would only have to pay another $50,000 if the injuries justified the payment, not the “limit” of an additional $100,000. Nevertheless, UIM coverage is great insurance to have and we strongly encourage you to make sure you have it! If you’ve been injured in an auto-accident, whether on the job or not, understanding your rights to compensation from a UIM insurance policy can be daunting.  To find out more, visit our web page at www.ayerswhitlow.com/Personal-Injury/ or call Brett Dressler to set up an appointment to discuss your rights.