Cleveland Car Accident Attorney Explains Importance of New Automobile Insurance Law

According to Cleveland car accident attorney Ryan Fisher of Lowe Scott Fisher Co., LPA, a recently approved automobile insurance bill will increase Ohio’s personal liability automobile insurance coverage minimum from $12,500 to $25,000–the first increase of its kind since 1969. Upon approval by the governor, this law will benefit millions of Ohio motorists by providing more equitable compensation when an accident is caused by a minimally insured driver.

Ohio’s current $12,500 limit is the second lowest state automobile insurance minimum followed only by Florida with the lowest state minimum at $10,000. In addition to increasing the personal liability minimum, the new Ohio bill increases the minimum for accidents involving two or more individuals from $25,000 to $50,000. It also increases the personal liability minimum for damage caused to property from $7,500 to $25,000.

Along with adding protection to drivers, the bill will also

◾Make it unfair to discriminate against insured drivers

◾Modify the definition of automobile insurance

◾Reduce the minimum policy to one year

◾Allow an insurer to cancel a policy because of concealment, fraud or a revoked license

◾Require legal proceedings before an insurance policy may be canceled

“With the rising cost of health care and vehicle repair, the new $25,000 minimum is an important first step in helping car accident victims obtain fair compensation for their damages and injuries,” explained Fisher, a partner at the firm. “To further protect our clients and their families, our Cleveland car accident attorneys encourage clients to be proactive by securing their own adequate uninsured and underinsured motorist coverage before an accident occurs.”