What Is The Difference Between Uninsured And Underinsured Coverage?
Ohio law requires all motorists to carry liability insurance or proof that they can pay if they cause an accident. Still, many people drive without insurance or with too little insurance to cover injuries in a serious crash. Uninsured motorist coverage can cover you if the at-fault driver had no insurance or left the scene. Underinsured coverage can cover you if the at-fault driver’s insurance does not fully cover your damages.
If you are involved in a car accident with an uninsured or underinsured driver, call a Cincinnati, Ohio, personal injury attorney from Levy Law Offices: 513-655-5089.
For a free consultation, contact us today. We can help you get the compensation you need and deserve.
What Is The Minimum Required Insurance In Ohio?
Many people do not carry enough insurance and are unaware of it. The state minimum requires you to carry a policy that offers $25,000 in injury coverage per person and $25,000 in property damage. In a serious crash, this minimum is not always enough.
The state-required liability coverage all motorists must carry covers only property damage and injuries to others if you cause a crash.
And while you might have the required minimum liability coverage, others might not. So what happens when you are involved in an accident caused by one of these drivers?
What Is Uninsured/Underinsured Motorist Coverage?
If you are unlucky enough to be involved in an accident with an uninsured or underinsured driver, you might be wondering how you will possibly pay for your injuries and the damage to your car.
Fortunately, if you have uninsured (UM) or underinsured motorist (UIM) coverage, you are in luck.
Note: UM/UIM coverage is not required under Ohio law, but most major auto insurers in the state offer this type of coverage. You need to check your policy to see if you have this coverage.
How Does Uninsured Motorist Coverage Work?
Your UM coverage offers compensation to pay for your damages when the negligent driver does not carry any insurance — or if the driver flees the scene.
While that driver is violating state law, it is you who suffers if he or she does not have insurance to cover your medical bills and car repair expenses. In most cases, your UM coverage will have the same minimum as your bodily injury liability coverage ($25,000).
How Does Underinsured Motorist Coverage Work?
Your UIM coverage, meanwhile, offers additional compensation when the at-fault driver has only a minimum amount of auto liability insurance, but you suffer serious injuries. His or her insurance company pays out first, and then your UIM coverage kicks in to cover the shortfall.
It is important to note that you will likely be unable to file a UIM claim if your policy limits are the same as the other driver’s. For example, if the driver has a $25,000 bodily injury policy and you have a $25,000 UIM policy, you will be unable to file a claim.
This changes if you are not the only victim of the accident. A Cincinnati, Ohio, personal injury lawyer can help clear up any confusion.
How Can I Receive A Payout For My Accident?
If you suffered injuries in a crash with an uninsured or underinsured motorist, getting the compensation you need to cover your medical costs, lost wages and other related expenses is more difficult than in a typical car accident case. This is especially true if you do not have UM/UIM coverage.