Cleveland Car Accident Attorney Explains Importance of New Automobile Insurance Law
CLEVELAND, Ohio – December 20, 2012 – According to Cleveland car accident attorney Ryan Fisher of Lowe Eklund Wakefield & Mulvihill 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 minimal 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 period 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.”
Since 1976, the award-winning trial attorneys at Lowe Eklund Wakefield & Mulvihill Co., LPA have successfully represented people in the areas of motor vehicle accidents, automobile product safety, personal injury, home and workplace safety, medical malpractice, and birth injuries, as well as families of victims of wrongful death. U.S. News & World Report named the firm to its “Best Law Firms” list (2010–2013), while lawyers from the firm were again honored as Ohio Super Lawyers for 2012. In addition, firm partner James Lowe has been selected for inclusion in The Best Lawyers in America each year since 1993.
For more information on Lowe Eklund Wakefield & Mulvihill Co., LPA, please call 216-781-2600 or visit http://www.lewm.com/.
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