North Carolina, under Vehicle Financial Responsibility Act of 1957, requires that all drivers who are found to be at-fault in the event of a car crash are able to pay bills and damages arising from the accident. Therefore, you need to purchase auto insurance to register and maintain a car in North Carolina. Hence, carrying an insurance binder, a DL-123 certification, or your policy’s declaration page from DeBruhl’s Insurance Services, LLC is a requirement.
What are the auto insurance minimum requirements?
A minimum North Carolina auto insurance policy must carry liability insurance and uninsured motorist coverage. The liability insurance will protect you financially in case you cause damages in an accident, while the motorist coverage will protect you when you get involved in an accident caused by an uninsured driver. While Bodily Injury (BI) will pay the medical bills of the other driver and his or her passengers, if you are found to have caused the crash, Property Damage (PD) offers you the same protection in paying for damage to other people’s property, which you were at fault. Your uninsured motorist coverage (UM) option is used when you are involved in an accident with another driver who is either uninsured or underinsured in North Carolina.
What is optional auto insurance coverage?
A minimum insurance policy will pay the other driver what is due and protect some of your assets in the event of a road accident. Since the minimum coverage does little in paying your medical bills, it is possible that you will be left with a massive medical bill for your injuries and even repairs. Therefore, you need optional coverage options that can take care of your expenses.