By: Allan M. Siegel
As of July 1, 2018, a new auto insurance law will take effect in the state
of Maryland. The law – Maryland Annotated Code Insurance §
19-509.1 – will allow for Enhanced Underinsured Motorist (EUIM)
coverage to be added to existing auto insurance policies, depending on
your insurance company, as of July 1, and to new auto insurance policies
issued in Maryland as of July 1.
This coverage will provide more insurance coverage for you, if you are
injured as a result of the negligence of an underinsured driver. Under
the old law, the insurance company would get a credit for the underinsured
driver’s coverage. So if you had $100,000 in underinsured motorist
coverage, and the underinsured driver had $30,000, you would only be able
to collect a total of $100,000 (the wrongdoer’s $30,000 policy,
plus $70,000 from your insurance company). Now, the insurance coverage
will stack on top of each other, so you will be able to collect $130,000.
However, you must call your insurance company and purchase this coverage.
We encourage you to call your insurance company, after July 1, 2018, and
ask for enhanced underinsured motorist coverage. You will not get this
benefit, unless you add it to your policy.
As we have discussed in many of our blog posts, purchasing additional coverage
– including uninsured and underinsured motorist coverage (UM /UIM)
– on your auto insurance can make the difference when it matters
most. That’s because victims injured by drivers with little to no
insurance face significant obstacles when it comes to recovering the funds
needed to cover their medical expenses and other losses resulting from
car accident attorneys who have represented clients throughout Maryland, Virginia,
and Washington, D.C., our legal team at Chaikin, Sherman, Cammarata &
Siegel, P.C. knows how crucially important it can be to have robust auto
insurance coverage – coverage that can very well be the safety net
you and your loved ones need when the unexpected happens. As such, we
encourage all residents throughout the state of Maryland to learn more
about Enhanced Underinsured Motorist (EUIM) coverage from their insurance
provider and to strongly consider adding it to a new or existing policy.
If you or someone you love has been injured in a motor vehicle accident
involving a driver who was not insured or underinsured, you may still
have options for recovering compensation – especially if you have
additional coverage like EUIM.
Contact our team today to discuss your options and learn how we may be able to assist you.