Basics of Toledo Car Insurance

Trying to navigate the world of insurance all on your own can be difficult. Contact an experienced car accident lawyer who can explain the basics of Toledo car insurance and how it can help or harm a car collision case.

Insurance Overview Access

The declaration page of an individual’s insurance policy gives a brief overview of someone’s current or potential auto insurance policy. An auto insurance policy declarations page is essentially a brief summary of the policy that provides all of the basic information needed to know about the policy. It may be critical to speak with an attorney about the basics of Toldeo car insurance.

The declarations page consists of information such as:

  • Insurance company name
  • Policy number
  • Policy period (the effective date and the expiration date)
  • Named insured and address
  • Vehicle description
  • Coverage (type and limits)
  • Premium amount
  • Loss payee, lien holder, additional interest, or additional insured (the finance company, leasing company, or person listed as owning an interest in the car)
  • Endorsements (changes made to the policy or special conditions)

What Should Someone Know About Insurance Policies?

Below are some of the things needed to know before purchasing a car insurance policy.

In Ohio, the legal minimum liability limits are as follows:

  • $12,500 per person (up to a total of $25,000 per accident)
  • $7,500 for property damage per accident

Optional Insurance Coverage

It is important to note that the basics of Toledo car insurance include minimum limits are commonly referred to as $12,500/$25,000/$7,500 by insurance companies. Despite being legal for insurance coverage, there is no guarantee of adequate protection. Almost all insurers also offer optional coverage.

Optional coverage usually includes:

  • Uninsured motorist (UM) and underinsured motorist (UIM) coverage, which kicks in if someone is hit by an uninsured driver (no insurance) or underinsured driver (not enough insurance)
  • Medical payments coverage (MedPay), which pays medical expenses resulting from an auto accident
  • Collision coverage, which covers damage to the car when it hits or is hit by, another vehicle or other object
  • Comprehensive coverage, which covers someone’s vehicle for losses resulting from incidents other than a collision

Benefit of an Attorney

Many insurers offer additional optional coverage such as gap coverage, roadside assistance, and rental reimbursement. These are the truly optional types of coverage. You should also know that Ohio uses a traditional tort liability system with comparative negligence. This means, if you are involved in an accident, a decision will be made one way or another as to who is at fault and by how much. The insurance company of the at-fault person will then pay the injured parties according to the percentage of fault. The exact amount of this payment is of course determined by the amount of damage caused in the accident. Understanding the basics of Toledo car insurance can be key to collision protection.


    Charles E. Boyk Law Offices, LLC