Ohio Insurance: All Your Needs Met In One Place

If you own a house in Ohio, you can benefit from the protections of a good homeowners insurance policy. In Ohio, home insurance can:

• Pay for loss or damage to your property: Dwelling insurance covers the structure of your home, and contents insurance covers your personal property.  
• Cover costs related to displacement: Loss of use insurance covers your extra living expenses if your home is unsafe for habitation due to damage caused by a covered event.
• Protect against liability lawsuits: Homeowners liability insurance covers expenses related to personal liability lawsuits if you or a member of your household is unintentionally responsible for another person experiencing an injury, property damage, financial loss, or other harm.

A local independent insurance agent can help you determine how much coverage you need in each category and can help you find the best and most affordable homeowners insurance in Ohio.

Vehicle owners in Ohio are required by law to carry car insurance.

In Ohio, all auto insurance policies must include liability coverage. Auto liability insurance pays for other people’s injuries or property damage if you are at fault for an accident. Ohio law mandates that your policy must provide, at a minimum:

• Bodily injury liability coverage per person: $25,000
• Bodily injury liability coverage per accident: $50,000
• Property damage liability coverage per accident: $25,000

In addition to the coverage required by law, you can include several options in your car insurance policy. Some options you are likely to see offered by insurance companies in Ohio include collision insurance, comprehensive insurance, uninsured motorist insurance, medical payments insurance, gap insurance, and towing and roadside assistance.

A local independent insurance agent can help you determine how much liability coverage is sufficient and which optional coverage is a good fit for you and your family.

Companies of all sizes can benefit from the protections that business insurance can offer. Depending on your business size and type, you will want to purchase either a business owners policy (BOP) or a traditional business insurance policy package.

• Small, low-risk businesses with fewer than 100 employees and less than $1 million in annual revenues typically qualify for a BOP. Business owners policies are the least expensive option but only include general liability insurance, commercial property insurance, and business interruption insurance, each with relatively low coverage limits.
• Medium- and large-sized companies and high-risk small businesses need to get their coverage through a business insurance policy package. Policy packages enable business owners to choose from a wide variety of liability, property, and other commercial insurance products to build customized coverage that meets their company’s specific coverage needs.

If you own a company in Ohio, consult a local independent insurance agent for help obtaining the right coverage at the most competitive price.

If you are an employer and one of your workers is injured on the job or is diagnosed with an occupational illness, workers’ compensation insurance can cover their medical treatments, disability pay, and other related expenses.

In Ohio, virtually all employers must carry this insurance coverage. When it comes to workers’ compensation insurance, Ohio is a monopolistic state, meaning that policies can only be purchased through the state-administered fund.

Reach out to a local independent insurance agent for assistance obtaining a workers’ compensation insurance policy or if you have questions about your coverage.

Life insurance can give you peace of mind knowing that if the unthinkable were to happen to you, your dependents and loved ones would not suffer financially.

Ohio residents with a spouse and children may want to purchase a large policy that will be sufficient to pay off their mortgage, cover their children’s higher education expenses, and provide for their families for years to come. Those with no dependents may want to purchase a small policy with just enough coverage to pay their estate settlement and final expenses.

If you are interested in learning about your various options when it comes to life insurance, you can arrange an obligation-free consultation with a local independent insurance agent.

Although a few landlords and rental agencies require their tenants to carry renters insurance, most do not. However, even though doing so is typically optional, it is wise to purchase renters insurance.

Renters insurance is designed to protect you against financial losses related to property damage, theft, displacement, and liability lawsuits.

You may be surprised to find out that this versatile coverage is very affordable. In Ohio, most people can secure renters insurance for around $15 a month. That is a small price to pay for all the protections this insurance offers. Talk to a local independent insurance agent to learn more about renters insurance.

Umbrella insurance, or excess liability insurance, is a secondary insurance policy that can significantly boost the liability coverage provided by your already-established policies. Because umbrella insurance does not kick in until your primary insurance coverage has been exhausted, these policies are typically very affordable.

Personal umbrella insurance policies are usually sold in million-dollar increments at about $200 to $300 a year for every million dollars in coverage purchased. Commercial umbrella insurance policies, on the other hand, usually cost around $500 a year for every million dollars in coverage purchased.

If you are a resident of Ohio with a lot to lose, you may want to talk to a local independent insurance agent to learn more about umbrella insurance.

Residents of Ohio can purchase insurance products designed to protect against losses caused by many of the hazards they are likely to encounter. In Ohio, common risks include:

• Severe weather: Damaging weather events impacting property owners in OH include windstorms, thunderstorms, tornadoes, heavy snow, ice accumulation, and prolonged freezing temperatures.
• Falling objects: Hazards like uprooted trees, fallen branches, and hailstones can damage homes and outdoor property.
• Structure fires: Most insurance policies cover damage caused by flames, smoke, and firefighting efforts.
• Floods: Around 12% of properties in Ohio are at risk for flood damage.
• Property crimes: Most policies cover burglary, vandalism, and arson losses.

Independent agents live and work in your community, so they know the risks you face as a property or business owner in your Ohio neighborhood. Talk to an independent insurance agent near you for help ensuring that you are suitably covered against all potential hazards.

Nearly all homeowners, renters, and business insurance policies exclude flood damage from their coverage. However, more than half a million properties in Ohio have a significant risk of sustaining flood damage over the next thirty years.

Fortunately, if your home or business is among those at risk, you can purchase flood insurance. In participating cities, affordable policies are available through the National Flood Insurance Program (NFIP), a program administered by FEMA.

If your property is located in a flood zone and you are still paying on a mortgage, your lender will require you to carry flood insurance. Otherwise, this coverage is optional. When deciding whether or not to purchase a policy, consider that the average compensation per flood claim in Ohio is $15,500.

When you are shopping for any type of insurance coverage, you are likely to have a lot of questions such as:

• How much coverage do I need?
• Which Ohio insurance company is the best choice for me?
• How can I be sure I’m not overpaying for my coverage?
• Who can explain the fine print in my policy?

Independent agents are available to offer answers to these and any other questions you may have. These agents can save you time and money by helping you compare policies and prices from competing insurance providers to ensure you are getting the coverage you need at a highly competitive price.

Find an independent insurance agent near you to get started.