How Much Car Insurance Coverage Do You Need In Maryland?
Reader’s Question:
I’m looking at my sister’s auto insurance policy here in Columbia, Maryland and I need help in understanding it because I will buy my own auto insurance soon. How would I know how much liability coverage she has on her policy?
Tara
Columbia, MD
It would be easy to find out how much liability coverage your sister has on her auto insurance in Columbia, Maryland. This is typically shown as three numbers which are written like this – 25/50/25. This would mean that it would pay $25,000 for physical injury or medical costs per person, $50,000 for physical injury or medical costs per accident and $25,000 to cover for property damage for every accident she may have.
You must realize though that if you will be involved in a serious car accident, the minimum liability auto insurance coverage would likely not cover all the costs. It would be a good idea to purchase more so that you could be sure to have the appropriate coverage in case of a serious accident, which generally means major bills. It would also be a wise decision to buy more than the minimum especially if you own a home, have a huge savings account or have a real estate. The injured party can sue you if you were the one who caused the accident, and if they do, you can keep the courts from going after your personal financial business if you have enough liability insurance.
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