I just got a new car and my insurance company gave me 25/50/25 in coverage- is this full coverage?
The S.C. Department of Insurance requires liability and uninsured motorist coverage limits of $25,000 bodily injury per person, $50,000 bodily injury per accident, and $25,000 property damage per accident. Most people assume that if they meet the minimum requirements of automobile insurance, they are “fully covered.” This is not entirely accurate. You may be “fully covered’ by law, but there is additional coverage you should also consider, which includes personal injury protection, medical payments coverage, Underinsured Motorist Coverage (UIM), comprehensive/collision coverage, and HIGHER than minimum liability and uninsured motorist coverage. These additional coverages are offered at a small cost, and provide additional coverage to you in the event the at fault driver does not have adequate coverage to cover the accident.