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Uninsured Motorist Insurance: Why You Need Maximum Coverage
Video Transcript
Why it is so important for you to purchase the maximum amount of insurance coverage for your family motor vehicle?
Well, the answer is that if you or one of your family members get into a motor vehicle accident at no fault of your own, and the at-fault driver has the minimum required Maryland insurance, which is only $30,000 to compensate you or your family members for your injuries, you will run into a major problem trying to pay back all your medical bills. And clearly $30,000 is not anywhere near enough to compensate an injured victim for serious injuries they suffer in a motor vehicle accident.
For example, let's say that you yourself get into a motor vehicle accident…you don't have any uninsured motorist coverage and the at-fault driver only has $30,000 available to compensate you for your injuries. Let's say because of the injuries you suffered, you have a $100,000 in past medical bills and will require a future surgery as part of the medical treatment for your suffered injuries.
Obviously $30,000 is nowhere near an adequate amount to compensate you for your injuries. It doesn't even cover one third of your past medical bills. But let's say that you purchased the maximum amount of insurance coverage for your own personal motor vehicle. Let's say that you purchased up to $500,000 for uninsured motorist coverage. If this is the case well then guess what? Not only can you recover the $30,000 from the at-fault driver, you can also try and recover up to to $500,000 through your own insurance company for uninsured motorist benefits If the injury support your claim.
And you can also be rest assured here, when you purchase this type of insurance and you bring a claim like this, your insurance will not go up. The other person's at fault for the accident. You purchase this type of insurance in case this horrible situation arises.
If you have any questions regarding how a person in Maryland can make sure that they purchased the maximum amount of insurance coverage for their family cars, feel free to call me. I do this every single day and I'd love to answer any questions that you may have. Thank you.