Not All Auto Policies are Created Equal - 3 Things to Ask Your Agent

Posted By Jay Toole
April 04, 2019 Category: Auto Insurance, Limits, Ask Your Agent

Your softball buddies ask you out for a burger after the season opener. You think to yourself, “I ran around the bases at least 3 times. I’ve earned it”. You jump in the co-pilot seat of your teammate’s car and motor on to the downtown strip. In the distance you see the familiar sign of your favorite pub and can just taste the flamed burger that awaits. And just as you think your celebration is ready to commence, your classless teammate turns into the drive-thru at the nationwide burger joint that we will call PacDonalds. You feel crushed and a bit queasy. That second feeling may be from the food that has yet to hit your stomach. This fast food lesson can apply to almost any aspect of your life but as insurance nerds, we thought it gave a good representation how not all insurance policies are created equal. Check out these 3 questions you should be asking your agent about your auto policy. What are my limits? You hear the term ‘state minimum’ often from a certain gecko, caveman, or general on tv commercials. This term refers to minimum dollar amount of coverage you must have to legally drive. In Ohio the required minimum for Bodily Injury Liability Coverage is currently $25,000 per person injured in any one accident and $50,000 for all persons injured in any one accident. The required minimum for Property Damage Liability Coverage is $25,000 for injury to or destruction of property of others in any one accident (commonly displayed as 2