Imagine you were in an auto accident a year ago and the person at fault was an uninsured driver. It happens way more than you may think. According to the last statistics from a 2015 report filed by the IRC, also known as the Insurance Research Council, more than 12.4% of drivers in Ohio are uninsured or underinsured. This statistic puts many other drivers at risk annually and can lead to financial difficulties later on.
Questions regarding what happens after the accident are critical. Who will compensate you for your car? What if there were medical bills to be paid? This is why you need expert legal advice from Sandel Law Firm. Let’s take a look at some valuable info concerning uninsured motorist coverage you wish you knew a year ago.
What Is Uninsured Motorist Insurance?
Uninsured/Underinsured Motorist insurance is an add-on to your regular insurance. It is designed to compensate for any losses you might suffer in an accident caused by a driver who is uninsured, underinsured or even in a hit-and-run situation.
There are two different types of Uninsured Motorist insurance. The first is Uninsured Motorist Bodily Injury coverage (UMBI), which will cover injuries caused by an uninsured person, underinsured person, or hit-and-run. The second version is Uninsured Motorist Property Damage coverage (UMPD), which will cover damage to your vehicle by an uninsured person, underinsured person, or hit-and-run.
In the end, Uninsured motorist coverage helps to protect you from having to use your personal finances in case an uninsured person hits your vehicle.
Is Uninsured/Underinsured Motorist Insurance in Ohio Mandatory?
The bottom line is no, according to Code 3937.18, which covers Ohio Motor Vehicle Insurance. Below you’ll find the minimum requirements for motorist insurance in Ohio:
- $25,000 per person injured in any one accident
- $50,000 for all persons injured in any one accident
- $25,000 for injury to or destruction of property of others in any one accident
As you can tell, This amount isn’t near enough to cover a major accident. If your vehicle is newer and has been totaled, you’ll have to think about the total costs including and financing charges.
Why Sandel Law Firm Can Help With Your Claim in Ohio
From claims adjuster to an attorney, my years of experience have given me a high degree of insider knowledge that no one else possesses. This knowledge gives me an edge over other firms and can help you get the compensation you need. Based in Akron, I have helped people all over the state of Ohio with their claims. For more information or a free case evaluation, contact Sandel Law Firm today.