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Choosing The Correct Auto Insurance In Ohio – Toledo, Ohio


*music* *music* Hi, this is Chuck Boyk. One of the most common questions I receive from clients and friends is what type of auto insurance should I carry on my car in Ohio? Ohio law requires the minimum insurance is $25,000 per accident, $12,500 per person, and $7,500 in property damage. That is the bare minimum and that is clearly inadequate to cover your recovery under Ohio law. In order to protect yourself you
basically have to look at the big picture and the big picture is that you need to
protect you and your family from losing all of your
personal assets. So, for liability coverage purposes the question is you should carry
as much insurance coverage as you could afford,
we would suggest the bare minimum, $100,000 per person, $300,000 per accident, but what I really recommend is most likely $500,000 per person and if you do have resources, if you have
a financial worth with a house and a family and assets of over a couple of hundred
thousand dollars, we suggest that you buy an umbrella
policy. And umbrella policy gives you an additional 1 million dollars in insurance coverage to protect you and
your family. The extra cost may be $300 or $400 a year and we think that that’s crucial to protect your family from being the victim of
losing your personal assets out of an accident in the state of Ohio.


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