Maryland Motorcycle Accident Insurance Coverage

It is a requirement for every rider to have Maryland motorcycle accident insurance coverage. This is necessary to cover damages if they get into a collision on the road. Failure to have mandated minimum insurance coverage could even lead to criminal charges. If you have been involved in a motorbike wreck, you may be owed compensation from the responsible driver’s insurance company. By working with a dedicated motorcycle accident lawyer, you could ensure that you get the maximum amount of compensation available in your case.

Uninsured Motorist Coverage

If everyone carries insurance as mandated by the law, when an accident happens, the responsible driver’s insurance company should take care of compensatory payments to make the victim whole. Their policy would pay for the damages to the rider’s bike, their resulting medical treatment, any lost wages, and for their pain and suffering. However, this only happens if the negligent party has a good policy with high enough coverage to pay all the amount. If someone only has state minimum  $30,000 policy but the victim’s injuries are worth $100,000, the responsible driver’s policy would only pay out the $30,000 the driver paid for.

However, if a person has uninsured and underinsured motorist coverage, they may be able to cover excess costs after an accident that go above and beyond the guilty driver’s motorcycle accident insurance coverage. Additionally, if a rider is involved in a crash with someone who has no insurance at all, the victim’s own insurance company would pick up the slack and pay the value of their claim.

In some extreme cases, a victim may have to sue their own company in court to get the compensation that they paid for with the uninsured motorist coverage in their policy. Unlike a claim on a person’s insurance when they are at fault, making an uninsured or underinsured motorist coverage claim will have no negative affect on a person’s insurance rate or driving record.

Uninsured or underinsured coverage plans are not expensive additions to a motorcycle insurance policy. It is wise for riders to get the highest coverage they can afford as it may financially protect them moving forward.

What to Look for in Maryland Motorcycle Accident Insurance Coverage

When finding insurance coverage, motorcyclists should check that it has the highest Personal Injury Protection Benefits (PIP) they can afford. This could save them a significant amount of money in the event of a crash or injury.

Riders should also look for high liability plans. If they have assets and they hit someone, causing $500,000 worth of damage but they only have a $30,000 policy, the person is going to sue them directly and they are going to wind up owing that money. In many cases, this can be financially ruinous, even leading to bankruptcy.

Contact an Attorney to Learn More About Motorcycle Insurance

Full coverage is when a driver also has uninsured motorist and underinsured motorist, even though the law only requires a minimum liability coverage policy. It is wise to get the most comprehensive coverage you can afford to ensure that you do not go bankrupt after a severe accident, even in cases where you were not at fault. To learn more about Maryland motorcycle accident insurance coverage, get in touch with an experienced local motorcycle accident lawyer and schedule a consultation.