When it comes to car insurance, many drivers focus on the basics: liability coverage, collision coverage, and comprehensive coverage. But what about uninsured motorist coverage (UM coverage)? If you’re wondering whether it’s required in Ohio and why it’s important, you’re in the right place. At GB Law, we’re here to break it down for you.
What Is Uninsured Motorist Coverage?
Uninsured motorist coverage protects you if you’re in an accident caused by a driver who doesn’t have insurance. It also extends to situations where a hit-and-run driver is at fault. Without this coverage, you could be left paying out-of-pocket for medical bills, lost wages, and other expenses.
What’s the Difference Between Uninsured and Underinsured Motorist Coverage?
Underinsured motorist coverage (UIM coverage) steps in if the at-fault driver’s insurance doesn’t cover the full extent of your damages. Often, these two insurance coverages are bundled together.
Is Uninsured Motorist Coverage Required in Ohio?
No, uninsured motorist coverage is not required in Ohio. However, most insurance companies offer Uninsured Motorist Coverage, and therefore, it is vital that you inquire with your insurance agent or directly with your insurance company. In fact, adding uninsured motorist coverage to your policy results in an increase in protection for you and your family at a modest increase to your premium.
Why Should You Consider Uninsured or Underinsured Motorist Coverage?
Even though it’s not required, having UM coverage is a smart move. Here’s why:
- High Rates of Uninsured Drivers: According to the Insurance Information Institute, approximately 17% of drivers in Ohio are uninsured.
- Financial Protection: If you’re hit by an uninsured driver, you’ll be responsible for your own medical expenses, lost wages and there may be no compensation for pain and suffering.
- Peace of Mind: Knowing you’re covered can ease the stress of an already difficult situation.
What Happens If You Don’t Have Uninsured Motorist Coverage in Ohio?
If you’re hit by an uninsured driver and don’t have uninsured motorist coverage, your only option may be to sue the at-fault driver. Unfortunately, many uninsured drivers lack the financial resources to pay for all of the legal harm caused, leaving you with limited recourse.
Adding uninsured motorist coverage to your insurance policy can ensure that you receive financial compensation if you’re injured in a car accident that was caused by an uninsured or underinsured driver.
While uninsured motorist coverage and underinsured motorist coverage can raise your monthly premiums, they are usually worth it in the long run.
How to Protect Yourself
- Review Your Policy: Make sure you understand what your car insurance covers and know your coverage limits.
- Ask Questions: If you’re unsure about underinsured or uninsured motorist coverage, speak to your insurance provider or an experienced personal injury attorney.
- Consult an Ohio Car Accident Lawyer: If you’ve been involved in a car accident with an uninsured driver, an Ohio car accident lawyer can help you navigate your options.
GB Law Is Here to Help
At GB Law, we understand how stressful accidents can be—especially when dealing with an uninsured driver. If you’ve been injured in an accident and need help recovering compensation, our team of experienced lawyers is here to fight for your rights. Contact us today for a free case review.