Automobile Insurance

Automobile Insurance

Insurance is defined by a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium. Continue reading to learn about South Carolina's automobile insurance laws.

Under-Insured Insurance

"Underinsured motor vehicle” means a motor vehicle as to which there is bodily injury liability insurance or a bond applicable at the time of the accident in an amount of at least that specified in Section 38-77-140and the amount of the insurance or bond is less than the amount of the insureds' damages.

Uninsured Insurance

"Uninsured motor vehicle” means a motor vehicle as to which:

  • there is not bodily injury liability insurance and property damage liability insurance both at least in the amounts specified in Section 38-77-140; or
  • there is nominally that insurance, but the insurer writing the same successfully denies coverage thereunder; or
  • there was that insurance, but the insurer who wrote the same is declared insolvent, or is in delinquency proceedings, suspension, or receivership, or is proven unable fully to respond to a judgment; and
  • there is no bond or deposit of cash or securities in lieu of the bodily injury and property damage liability insurance;
  • the owner of the motor vehicle has not qualified as a self-insurer in accordance with the applicable provisions of law.
  • A motor vehicle is considered uninsured if the owner or operator is unknown. However, recovery under the uninsured motorist provision is subject to the conditions

Under the South Carolina Insurance Code no automobile insurance policy or contract may be issued or delivered unless it contains a provision by endorsement or otherwise, herein referred to as the uninsured motorist provision

Under the South Carolina insurance code liability, property and uninsured coverage is mandated within the state. The following minimums are required by law:

  • twenty-five thousand dollars because of bodily injury to one person in any one accident and, subject to the limit for one person;
  • fifty thousand dollars because of bodily injury to two or more persons in any one accident; and
  • twenty-five thousand dollars because of injury to or destruction of property of others in any one accident.