Even if you live in a state where drivers are required to have auto insurance, statistics from the Insurance Research Council have shown that as many as 25% of drivers do not have any type of automobile insurance. And even if drivers are insured, their policy may not cover all of the damages in the event that they are involved in an automobile accident. Since there’s no way of telling who is and who isn’t insured, you’ll want to make sure that you have uninsured/underinsured motorist coverage included in your Maryland car insurance plan.
Covering All Bases
Uninsured and underinsured motorist coverage will take care of any injuries you and your passengers sustain if you’re ever involved in an accident with someone whose insurance won’t cover you. In certain locations, your insurance will also take care of damage to your property. Requirements for uninsured and underinsured drivers are drivers who don’t have enough coverage to meet state requirements, hit-and-run drivers and drivers whose insurance companies have denied their claims. While uninsured and underinsured insurance is separate, it can be purchased together in certain locations.
While this type of insurance isn’t required in all states, it’s still a good idea to have it. If you do choose to add uninsured/underinsured coverage to your Maryland car insurance plan, you have to make sure that you meet the requirements and that you do not go over your liability limits. It can be a serious burden to have to pay for an accident that you weren’t responsible. Plus, even if you have medical payments coverage and health insurance neither of them will take care of your loss of wages if an automobile accident leaves you unable to work.
Talk with your insurance agent about adding uninsured and underinsured coverage your Maryland car insurance policy.