Introduction
In Maryland, accidents can happen anytime and anywhere. Unfortunately, not all drivers carry enough insurance to cover the damages they cause. When this happens, victims of car accidents may find themselves in a difficult situation. In this article, we will discuss what happens if the at-fault party doesn't have enough insurance to pay your claim in Maryland and explore some options available to you.
Understanding Insurance Coverage in Maryland
Maryland is an "at-fault" state, which means that the person who caused the accident is responsible for paying for the damages. To protect themselves from financial losses, drivers are required to carry liability insurance, which covers bodily injury and property damage caused by their vehicle. However, not all drivers carry enough insurance to cover the full cost of damages they cause. If you are involved in an accident with an underinsured or uninsured driver, it can be challenging to recover compensation for your injuries and losses.
Options Available if the At-Fault Party Doesn't Have Enough Insurance
If you are involved in an accident with an underinsured or uninsured driver, there are several options available to you. The first step is to file a claim with your own insurance company. Your policy may include uninsured/underinsured motorist coverage, which can help cover the costs of your injuries and property damage up to a certain limit. However, if your damages exceed the limits of your policy, you may need to seek additional compensation.
One option is to pursue a lawsuit against the at-fault party. This can be a complex and time-consuming process, but it may be necessary to recover the full amount of your damages. A personal injury attorney can help you navigate the legal system and fight for your rights. Another option is to negotiate a settlement with the at-fault party's insurance company. This can be a faster and less expensive process than going to court, but it may not result in full compensation for your damages.
The Importance of Having Adequate Insurance Coverage
While it is important to understand your options if the at-fault party doesn't have enough insurance to pay your claim in Maryland, it is also crucial to ensure that you have adequate insurance coverage yourself. Accidents can happen to anyone, and having sufficient insurance can protect you from financial losses if you are involved in one. Consider increasing your liability limits and adding uninsured/underinsured motorist coverage to your policy to ensure that you are fully protected on the road.
Conclusion
Being involved in an accident with an underinsured or uninsured driver can be frustrating and stressful. However, understanding your options and taking steps to protect yourself can help you navigate the situation more effectively. If you find yourself in this situation, consider filing a claim with your own insurance company, pursuing a lawsuit against the at-fault party, or negotiating a settlement with their insurance company. Additionally, make sure that you have adequate insurance coverage yourself to protect you from financial losses in the event of an accident. By taking these steps, you can ensure that you are prepared for whatever happens on the road.