"Full Coverage" Automobile Insurance

When I turn to my clients and ask them about their automobile coverage, they quickly respond back that they have "Full Coverage".  Full coverage to them and full coverage to me are two different things. My idea of full coverage is below:

  1. $100,000/$300,000/$100,000 Liability and Property Coverage ( Minimum insurance limits in the South Carolina are mandated by S.C. Code Ann. § 38-77-140 and at the present time are 25,000/50,000/25,000. Likewise, UM, or uninsured coverage is mandatory but you should carry higher than the minimum limits).
  2. Personal Injury Protection/Medical Payments (PIP/Medpay)- $25,000.00.  This is no fault insurance that protects you and other occupants of the car. This is optional coverage you can request that is very inexpensive.
  3. Underinsured Motorist Coverage (UIM)- $100,000.00. In accordance with S.C. Code Ann. § 38-77-160, this is optional coverage you can purchase in the event that damages are sustained in excess of the liability limits carried by an at-fault insured (driver) or underinsured motorist. Remember minimum coverage is $25,000.00 per one person.
  4. Comprehensive/Collision Coverage-Again these are optional coverages you can get that provide deductibles you pay to have your automobile repaired if it is in a collision or damaged as a result of something other than collision, ie fire, theft, weather, vandalism, etc (comprehensive). Often times collision coverage is required if you finance your vehicle through a bank, or lender.
  5. GAP Coverage-Gap insurance covers the difference between what the insurance company says your car is worth versus what's left on your car loan, or note. I was not going to include this in my "Full Coverage" but in the past few weeks I have had 3 clients that would pay triple their premium in exchange for GAP coverage.  

Full coverage to my clients usually means the bare minimum it takes to drive on the roadways of the state of South Carolina. As stated above, that would be liability coverage if you cause injury or property damage to someone else at $25,000/$50,000/$25,000 and Uninsured Motorist Coverage for incidents where you are injured by someone that failed to follow the law and carry the minimum insurance coverage. The amounts I use above can be adjusted to fit in each individuals budget. If you carry the bare minimum required by law, just remember the old adage that "You get what you pay for!"

INSURANCE is just that, coverage and protection when losses are injuries occur to you or your family as a result of the negligence or lack of responsibility of another party.  Be prepared when that time comes. The South Carolina Department of Public Safety put out a report a few years ago that indicated a traffic wreck occurred every 4.7 minutes.

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Comments (3) Read through and enter the discussion with the form at the end
jerry pittman - December 8, 2008 1:37 PM

I live in South Carolina and was told that I would get a ticket if I have a cracki in my windshield, but that the insurance would replace it if I have full coverage, What is full coverage mean. I have an 2005. and 100 deductable. Please help me understand what Im in for. Thanks very much.

quake master - July 12, 2013 10:53 AM

can you really be this helpful to the situation? Now hold on there , I want me that full coverage auto insurance, dont you dare, tell me otherwise, I want that full coverage. Sir what is full coverage exactly, its full, thats what it is he said. I'm sorry but as an agent, when customers tell me they have full converage, I often find out they do not have both comp and collision, so I laugh really hard.

Answer:

You don't really make any sense but if you are saying most agents try to push what they are receiving better commissions on and most people only want to pay the minimum amount then maybe you are on to something there. However, I doubt it based on your ramblings above.

KELLY P STONE - March 11, 2017 9:30 AM

My daughter in law was in an accident with her friend both 25 and 20 weeks pregnant . The other party was at fault. Beside's their health of course which the ER said they were good, we all have been consumed with the babies health. The 2016 Toyota Van was totaled. The other driver made no attempt to Help them after he ran into the Van causing my daughter in law unable to even get out on her drivers side.
We discovered the driver has many recent negligent driving history. Plus more. He had just had a ticket a few days still pending before he hit my Daughter in law. He should have NOT been driving in the first place but family had gotten him out of a lot of issue's because of who they are in our town.
Can they use this with all she is going through plus he family? After the accident and medical monitoring , her OB MD due to her Blood Pressure being high for the first time due to the accident and stress told her not to have any dealings with the insurance company. To let my son handle it.
Now we find out he has had 3 more tickets , two of which are DUI's and they were so close each are listed as 1st offense due the other pending. And this is just after 2 months of totaling putting my family and a grandson before he is born at risk.
The insurance Company did okay on the Van. They did my some issue's about the rental having a time limit after they were trying to find a replacement. One week during Christmas. Yup , Nice of them. Any advice ?

RESPONSE:

Yes, get a lawyer.

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