A car accident can change your life in an instant. Not only could you lose your vehicle, but you could also suffer injuries that stay with you for years to come. You may assume your auto insurance has you covered. That is why you bought it, after all. Right? Maybe, but maybe not. When someone else causes the accident, you must rely on their insurance to cover you. Here are a few things you should know about Ohio insurance coverage and why you should have uninsured and underinsured motorist (UM/UIM) coverage.
In Ohio, your insurance must cover $25,000 for one person in bodily injury coverage per accident and $50,000 for multiple people in one accident. When you consider how expensive health care is today, you can see how quickly that money would be used up in a serious accident. Many people choose the cheapest option available. This means that when someone causes an accident, there is a good chance they will only have this minimum coverage.
Even though Ohio law requires all drivers to have insurance coverage, not everyone does. The Insurance Information Institute stated that in 2015, 12.4% of Ohio drivers were uninsured. When one of those drivers causes an accident, that leaves an injured victim with no insurance coverage at all from the negligent driver. That is where your own insurance can help you.
You can prevent both of these scenarios by purchasing uninsured and underinsured motorist coverage as part of your own insurance. Insurance companies must offer you this coverage in Ohio, but the law does not require you to purchase it. The uninsured motorist coverage will cover your expenses if an uninsured driver hits you. The underinsured motorist coverage will kick in to cover any expenses you have above the other driver’s minimum $25,000 coverage.
You rely on your auto insurance to take care of you if you cause an accident. Consider adding UM/UIM coverage so your insurance can take care of you even if you didn’t cause the accident. You and your passengers deserve coverage for all of your medical care, no matter how long your recovery takes.