Auto Insurance
Reduce financial exposure while on the road, protect your family from underinsured drivers, and repair your vehicle with original parts - all reasons to choose a high net worth carrier.
Should you drive with higher liability limits in Charleston?
Have you ever seen an accident attorney on a billboard while navigating our Charleston road ways? We have too. Auto insurance (done correctly) protects your financial assets from those pursuing legal recourse if you are at fault in an accident. Your average auto insurance company offers a maximum of 250,000 to cover an injured person in an accident if you are at fault, however, every person reading this knows someone close to them who has been in the hospital to the tune of a much higher final bill. Your auto insurance policy needs to act as a financial safety net in the event that bodily injury from an accident that you or your family member caused leads to significant bodily injury or property damage. High net worth auto carriers provide standard limits of 1,000,000 in liability coverage and more if you choose even higher limits.
Protect your family against underinsured drivers
What happens when you are driving down Coleman and someone else hits you? Unfortunately, you are at the mercy of their insurance company to cover you for the loss you've sustained. You, however, didn't have a say in the limits of coverage the at fault driver chose to buy or the company insuring them. By law, every driver on the roads in South Carolina must carry car insurance, however, the legal liability coverage amount is only 25,000 per injured person, 50,000 per accident, and 25,000 in property damage liability. What happens when one of these drivers hits you and the damages (hospital bills, and/or vehicle repairs) exceed these limits? The underinsured motorist coverage in your policy is triggered, and your coverage amounts provide protection for you and your family. Also, your uninsured motorist coverage kicks in when other drivers hit you and they are uninsured. The most common occurrence is when the other driver didn't pay their bill, and the coverage has lapsed. Similarly, high net worth insurance carriers offer standard limits of 1,000,000 and higher as protection for your family against other drivers who have inadequate insurance coverage.
Repairing your vehicle, the right way
Want original parts? In the event of an accident, you want to find a repair shop in Charleston who will repair your car to the exact condition it was in before the accident. Want a bumper manufactured by Mercedes? You better make sure your car insurance company will pay for OEM parts. Most of the big-marketing-budget insurance carriers you see advertise on TV will repair your car with "similar or like kind" parts, meaning your Mercedes is returned as not 100% Mercedes. High net worth car insurance companies understand the difference, so you can depend on them to pay for quality repairs that you should expect.
