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 an accident.
As 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.