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Ohio Auto Insurance: Uninsured Motorist Property Damage (a must have without Collision coverage!)

5/5/2013

2 Comments

 
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Of all components of auto insurance in Ohio, Uninsured Motorist Property Damage coverage (UMPD), is by far the least discussed and the most overlooked there is. That is partly because if you have collision coverage, you do not need uninsured motorist property damage coverage.  However, for those who do not have collision coverage, uninsured motorist property damage (UMPD) is a must have for your auto insurance policy.
    
In Ohio, Uninsured Motorist coverage is divided into two parts: bodily injury (UMBI) and property damage (UMPD). In many states, one or both parts are mandatory coverages. But in Ohio, both parts are optional.


      I'm sure you've heard from your agent how important uninsured motorist bodily injury (UMBI) coverage is , but often overlooked is the uninsured motorist property damage (UMPD) part of it.


    Many older vehicles do not need collision coverage simply because the value of the vehicle isn't high enough to warrant the premium. In those cases, uninsured motorist property damage coverage (UMPD) is a must!


Why? There are two major reasons for this:


  1. It is estimated that one in every six drivers do not carry auto liability insurance. That number may go up at the end of the year when Ohio's state minimum auto insurance liability requirement goes up. This coverage will protect your vehicle in case you are hit by someone who is at fault but does not have liability insurance.

  
2. UMPD coverage compared to other parts of your auto insurance is very cheap!  It usually only runs about one or two dollars per month. That is chump change when you consider the following:


      A common scenario: Let's suppose you're driving one day and some idiot pulls out in front of you, and totals your vehicle.  It's clearly their fault....   Soon after,  you find out that the other driver does not have any auto liability insurance....   If you do not have collision coverage on your vehicle, and you do not have UMPD coverage, you are hung out to dry!


      That's why UMPD coverage is so important to have if you do not carry collision coverage. It may not be worth it to carry collision coverage on an older vehicle. But as cheap as Uninsured Motorist Property Damage is, it's a no brainer not to have it!


      If you would like to get a quote on auto insurance, click on the link below. I will run your info through my companies, and find you the company with the lowest rate. And as always, I handle all quotes personally and privately.

*** Important things to remember:
1. There is one downside to UMPD. If you get hit by a hit & run driver, you must be able to identify the person that hit in order to claim on UMPD coverage. If the hit & run's identity is unknown, only collision coverage would cover that.
2. Not all auto insurance companies will allow you to take UMPD without having to take out UMBI coverage as well. Some companies are ok with just taking UMPD. Other companies require you to select both or neither. 


   
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2 Comments
Cinda Pitts
6/25/2018 05:51:57 am

I live in Ohio and I have UMPD coverage and they are telling me that i have find the person who hit my car. Is that legal when I purchased UMPD coverage.

Reply
Dan Lyles
6/25/2018 09:41:03 am

Hi Cinda,

I don't like this answer any more than you will, but unless you can identify the person who hit you, there's no way to know if that driver is uninsured or not, so UMPD doesn't apply... If you do find out who this driver is, they will go after him/her to file a claim on their liability coverage... if they didn't have liability coverage, then your UMPD coverage would apply.... but without knowing who they are, only collision coverage would apply.

I really don't like this, and I wish lawmakers would change the laws about hit and run drivers. but that is how they handle it.

Reply



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    Dan Lyles is an Independent Insurance Agent serving Ohio, Indiana, Michigan, Pennsylvania, Virginia and West Virginia..

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