Auto/Car Insurance

Auto/Car Insurance

Car insurance is your financial safety net on the road. It works as a straightforward agreement: you pay a premium, and the insurance company covers your losses according to the terms of your policy. For drivers across the Piedmont region, from Charlotte to Greensboro and throughout Upstate SC, having the right auto coverage is not just smart, it is the law.
Auto coverage generally falls into three categories:

• Property coverage takes care of repairs or replacement when your vehicle is damaged or stolen.
• Liability coverage handles your legal obligations to other people for injuries or property damage you cause.
• Medical coverage pays for treating injuries, physical rehabilitation, and in some cases, lost wages or funeral costs.

A typical auto policy is built from several distinct coverage types. Both North Carolina and South Carolina require certain minimums, though not every coverage type is mandatory. If you are financing your vehicle, your lender will likely have additional requirements as well.

Most policies run for terms of six months or one year.

5 Parts of an Auto Policy

Your policy might include all five of these coverages, or just some of them. Each one is priced on its own.

1. Bodily Injury Liability - Pays for injuries you cause to another person in an accident.
2. Property Damage Liability - Covers the cost when you damage someone else's property.
3. Collision - Handles damage to your own vehicle from hitting another car, a guardrail, a telephone pole, or any other object.
4. Comprehensive - Protects your car from non-collision events. That includes animal strikes, fire, theft, falling tree limbs, severe hailstorms common in the Piedmont, and civil disturbances.
5. Uninsured/Underinsured Motorist Coverage (UM/UIM) - Covers you when the at-fault driver has no insurance at all or not enough to pay for your injuries and vehicle damage.

Both Carolinas set minimum liability limits that all drivers must carry. Insurance professionals generally recommend bodily injury liability limits of at least $100,000 per person and $300,000 per accident for adequate protection.

Auto insurance is just one piece of a solid personal insurance strategy. Reach out to Cornerstone Insurance today so we can review your coverage and make sure you are properly protected on every road in the inland Carolinas.

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