Bill > H4143

This bill amends the South Carolina automobile insurance law by increasing the mandatory minimum liability insurance coverage limits. Specifically, the bill raises the bodily injury liability limit for a single person in an accident from $25,000 to $30,000, and similarly increases the property damage liability limit from $25,000 to $30,000. These changes apply to all automobile insurance policies issued or delivered in South Carolina. The law requires that insurance policies provide coverage for damages arising from the ownership, maintenance, or use of motor vehicles within the United States or Canada. The bodily injury coverage remains at $50,000 for accidents involving two or more persons. The new insurance limits aim to provide slightly more financial protection for individuals involved in automobile accidents, reflecting potential increases in medical and repair costs over time. The bill will take effect upon approval by the Governor of South Carolina.

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https://www.scstatehouse.gov/billsearch.php?billnumbers=4143&session=126&summary=B