You are driving on Pete Rose Way in Cincinnati, trying to get home from a miracle victory for a Reds World Series Championship. Horns are honking. People are screaming and hollering in victory. You cannot help, but get lulled into the fray. Celebrations have erupted in the streets and it is almost a real-life game of ‘Frogger’.
You hear it and feel it before you see it or realize it. You have just hit the suddenly stopped car in front of you. You look up at the front of your vehicle to see the hood is folded up. You look over at your partner in the passenger seat and then down at yourself to make sure everyone is okay. No injuries, thank God.
You get out of the car and assess the people in the other car. They too are thankfully unharmed, but the cars, that might be another story. No tempers are flaring after all it was an accident.
You call in the police and ask them to lead you through this frightening experience. Their first question, “May I please see your operator’s license and proof of insurance information”? You present the documents, but a thought occurs to you, ‘do I have enough coverage for this.’
When you are in the middle of the accident is no time to wonder about your auto insurance. What will happen if it isn’t covered? What if there really are injuries what do you do?
What are the Ohio Auto Insurance Coverage Requirements?
According to the Ohio Bureau of Motor Vehicles, BMV, state laws require a person to purchase Property Damage Liability Coverage as well as Bodily Injury Liability Coverage as part of their automobile insurance program.
The minimum required protection for any Bodily Injury Liability Coverage is $25,000 per person that are injured in an accident, and $50,000 for all people that were injured an accident.
Property Damage Liability Coverage has a minimum requirement of $25,000 for damage to the property owned by others in any one accident.
You can also show proof of Financial Responsibility, this requires providing a copy of a form from the BMV that states you have placed the necessary $30,000 in cash funds on deposit with the Ohio State Treasurer’s Office.
However, insurance is the most common method because most people do not have $30,000 to tie up for protection. If you’re operating a vehicle, insurance is a requirement.