Auto Insurance Gaps You Shouldn’t Ignore in Greenville, OH

Many drivers in Greenville and across Ohio may not realize that standard auto insurance policies can leave gaps in coverage. Jordan Agency can assess your auto policy for potential gaps and guide you on how to address them.

Common Auto Insurance Gaps

Certain situations could leave you without full coverage even if you have an active auto insurance policy. Below are some of the most common gaps that drivers should be aware of:

• Uninsured and underinsured motorist coverage—Ohio law requires drivers to demonstrate financial responsibility, typically by carrying liability insurance, but not everyone complies. If you are in an accident with an at-fault driver who has little or no insurance, you could face out-of-pocket costs. Uninsured and underinsured motorist coverage may help cover your costs when the other driver is unable to do so.
• Comprehensive and collision coverage—Liability insurance can only cover damage you cause to others. If your vehicle is damaged in an accident, by severe weather or due to theft or vandalism, you may not have coverage unless you add comprehensive and collision options. These coverages are essential for newer vehicles or those with outstanding loans.
• Gap insurance—This type of coverage can be valuable if you finance or lease your car. If your vehicle is totaled or stolen, standard insurance may only pay the current market value, which could be less than your loan balance. Gap insurance can help cover the difference, so you don’t face unexpected costs.
• Medical payments coverage—Medical costs can quickly add up after an accident. This coverage may help pay for emergency fees and medical treatments for you and your passengers, regardless of who is at fault.

Get Covered Today

The agents at Jordan Agency can help review your current policy, identify any gaps and recommend customized solutions. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.