Maryland Auto Accident Lawyers: Are You Covered? — Auto Insurance Policies Available in MarylandOctober 14, 2013
You must purchase minimum liability insurance to register your vehicle in Maryland. But is this enough coverage? What if the other driver is uninsured or flees the scene? Does your policy pay for the catastrophic injuries you or the other driver sustain? Can you collect compensation for theft, flood or vandalism to your car? Get the answers to these questions before purchasing your policy.
You are required to have at least the minimum amount of liability insurance, uninsured motorists coverage and personal injury protection. The legal amount is established by Maryland Motor Vehicle Laws — with the most recent revision on January 1, 2011.
You may also consider buying additional policies. The Maryland Insurance Administration explains the different policies available in its A Consumer Guide to Auto Insurance publication. Weigh the burden of higher premiums with the advantages of purchasing:
- Limited liability — Covers at least $30,000 for bodily injury to one person, $60,000 bodily injury for each accident and $15,000 for property damage
- Limited liability insurance, which covers at least $30,000 for bodily injury to one person, $60,000 bodily injury for each accident and $15,000 for property damage.
- Bodily injury liability insurance, which pays expenses and damages arising out of an auto accident lawsuit filed against you for personal injury.
- Property damage liability insurance, which pays expenses and damages arising out of an auto accident lawsuit filed against you for property damage.
- Uninsured motorists coverage insurance, which compensates you for personal injury and property damage you suffered in an accident with an uninsured or hit-and-run driver.
- Personal injury protection (PIP) insurance, which reimburses you for medical expenses and lost wages caused by the accident, regardless of who was at fault.
- Physical damage coverage insurance, which pays for all types of vehicle damage such as theft, vandalism, flood or other criminal or weather related incident.
- Collision coverage insurance, which pays for car repairs or worth of totaled vehicle regardless of who caused the crash.
Although you want to keep your auto insurance premiums to a minimum, not having enough coverage could carry costly repercussions. You may get stuck paying out-of-pocket for damages caused by another negligent driver or you may not be able to replace a badly damaged vehicle in a one-car crash. Also, an auto accident lawsuit may result in a judgment ordered against you, even though you have no resources to pay. If you or a loved one has been injured in an auto accident, let the skilled Maryland auto accident lawyers at LeViness, Tolzman & Hamilton, P.A. help you get the compensation you deserve. Call us today at 410-727-4991 or contact us online to schedule a free consultation.