Ohio law requires all drivers to have motor vehicle liability insurance, called “proof of financial responsibility,” so many are familiar with liability coverage; however, they may not know the specific benefits of collision and comprehensive coverage. Understanding these types of coverage can help you choose the best insurance policy for your needs, as well as ensure you get the money you deserve after an accident.
What is collision coverage?
A collision car insurance policy covers damage to your vehicle if you hit another car or stationary object. Unlike mandatory liability coverage, a collision policy covers the cost to repair or replace your vehicle.
Common causes of damage covered by a collision auto insurance policy include:
- Road crashes with another vehicle
- Parking lot accidents
- Hitting a light pole or other object
- Accidents while backing up
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What is comprehensive coverage?
Comprehensive auto insurance, or the “other than collision” policy, covers most repairs on your vehicle from damage that collision coverage does not cover. While it may be hard to imagine how your car could suffer damage without being involved in a collision, it actually happens more often than you may realize.
Common causes of claims on comprehensive insurance policies include:
- Falling tree limbs or other objects
- Broken windshield or windows
- Hitting a deer or other large animal
- Vandalism and theft
- Natural disasters
Why should I get more coverage than the legal minimum?
While Ohio requires you to have a minimum amount of liability coverage to pay for damage if you are at fault in an accident, this coverage only pays for repairs to the other driver’s vehicle.
You most likely invested your hard-earned money in your car, and it is important that you can repair or replace it if it suffers damage. Carrying collision and comprehensive auto insurance policies protects this investment.
The Law Offices of David Bressman
If you were involved in an accident in Ohio that only caused damage to your vehicle, you most likely will not need a lawyer. Your insurance company can help you determine how much coverage is available and how much it will cost to repair or replace your vehicle. If you were the victim of an accident and suffered injuries, however, the advice of a knowledgeable car accident lawyer may be necessary.