subject: What Are The Maryland Requirements For Auto Insurance Westminster? [print this page] What Are The Maryland Requirements For Auto Insurance Westminster?
The State of Maryland has set minimum requirements for automobile insurance on every car or truck operated within that state. If drivers break this law, they can be fined or sentenced to jail. Insurance is designed to protect the automobile owner from the cost of an accident; these limits may not provide adequate protection for everyone. An experienced insurance agent can help each client get the coverage they need to guard themselves and their assets. Understanding what insurance Westminster does and how it works helps drivers make wise decisions on the insurance coverage they purchase. Maryland insurance requirements are quite low; the state wants to protect the public with insured automobile drivers. Bodily injury coverage for one person is $20,000; two people or more requires $40,000 worth of insurance. Property damage coverage is $15,000; most new automobiles cost much more than this amount. Uninsured motorist coverage must be included at these limits. Uninsured motorist insurance protects the driver if the accident was caused by someone without automobile insurance. Personal injury protection provides medical coverage for passengers; the amount of this coverage must be $2500. If the insurance Westminster coverage is not current, the state can fine the automobile owner $150 for the first 30 days of insurance lapse. License plates and registration are revoked and cost $25 to reinstate. Creative people providing false proof of insurance may be sentenced to one year in jail or fined $1000.
The purpose of the insurance is to protect the driver adequately from claims of injured people or property damage in case of an accident. An experienced insurance agent will review these low limits with clients and make insurance coverage recommendations based on their clients' financial situations. A young driver with an older automobile, high insurance premium based on inexperience and age and no other assets can afford to gamble on low liability coverage. 30-year-old drivers with a family, house, furniture, secure job and bright financial future should increase the liability limits to a least $100,000 for a single claim and $300,000 for multiple claims. This group may have newer cars that are financed and need full coverage, called comprehensive and collision insurance. To reduce the cost of this added premium, higher deductibles can be obtained. An affluent professional 50 years old with a second home and a boat or RV may be better protected with even higher liability coverage like $500,000 or even $1 million and full coverage for comprehensive and collision on all vehicles. This person has many assets at risk in the event of a bad automobile accident.
Automobile insurance Westminster protects the financial future of drivers. With adequate insurance, they can be worry free if something happens; the insurance company will cover the cost of the claims for bodily injury, medical payments and property damage.
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