Auto insurance isn’t an option. It’s the law.
Like most states, North Carolina has specific auto insurance requirements. When it comes to accountability for an accident, it’s an "at-fault state." That means you may be on the hook for damages if you’re found responsible for an accident. Having inadequate coverage can leave you at risk.
Fortunately, Hausmann Insurance & Financial Services can help. Here are the three necessary items that any auto insurance policy must include.
Bodily injury liability
North Carolina mandates liability coverage for all drivers. Bodily injury liability is the first part of this protection. As the name implies, this pays for any physical harm or severe injury that results from a collision caused by you. By law, motorists must carry $30,000 for each person. A total of $60,000 is needed for all people involved in an accident.
Property damage liability
Another component of liability, property damage, covers any destruction to someone else’s property. This most often applies to other vehicles and includes damage to buildings, mailboxes, and other structures. The minimum requirement in North Carolina is $25,000.
Uninsured and underinsured coverage
Auto insurance that contains only the minimum amounts listed above must include uninsured and underinsured coverage. While liability covers other drivers, uninsured and underinsured policies protect you from other drivers with insufficient coverage. In North Carolina, uninsured and underinsured coverage is typically bundled with liability and follows the same minimums. When combined, this is referred to as "30/65/25" protection.
Contact an agent serving Charlotte & Waxhaw, NC.
Auto insurance isn’t just a legal requirement. Hausmann Insurance & Financial Services knows auto insurance protects you, your family, and your assets. Their expert agents can find an auto insurance policy that meets your needs. Schedule an appointment today.