Don’t cut back on auto insurance: Stay protected in 2011
Ohio car accident attorneys: as Americans try to save money, more motorists are dropping their car insurance.
After an auto accident, insufficient coverage can leave you with less than a full recovery for your injuries.
Uninsured motorist coverage provides additional coverage to a person not at fault in an accident when the person responsible for the accident carries insufficient insurance, or carries no insurance at all.
Uninsured motorist coverage is different from liability coverage, which protects other people from injuries caused by the policyholder. Instead, uninsured and underinsured coverage protects the person who purchases it, by providing payments for medical bills, lost wages, and pain and suffering that might not be covered under the insurance of the person who caused the accident and injury.
Most states require a minimum amount of liability insurance coverage. In Ohio, it is illegal to drive any motor vehicle without insurance or other proof of financial responsibility. The Ohio Revised Code requires financial responsibility in the minimum amount of $12,500 for bodily injury or death of one individual in any one accident, $25,000 for bodily injury or death of two or more individuals in any one accident, and $7,500 for damage to the property of others in any one accident. (more…)
