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Everything You Need to Know About Enhanced Underinsured Motorist Coverage in Maryland

For more information on EUIM specifically and the rights of accident victims and their recovery of insurance benefits, contact Levin & Gann, P.A. Principal, Lee J. Eidelberg, at 410-321-4668.

For more information on EUIM specifically and the rights of accident victims and their recovery of insurance benefits, contact Levin & Gann, P.A. Principal, Lee J. Eidelberg, at 410-321-4668.

As of July 2018, Maryland auto insurers issuing new policies are required to offer “enhanced” underinsured motorist (EUIM) coverage. EUIM coverage takes the place of the uninsured motorist coverage required under § 19.509. Md. Code Ins. § 19-501.1(d). Learn more about EUIM coverage, how it differs from previous coverage, and how it can ultimately help the Maryland driver.  

EUIM Coverage

EUIM coverage is intended to help protect accident victims injured by a liable third party who is uninsured or underinsured. With EUIM coverage, an accident victim can “stack” insurance coverage to better compensate their losses before EUIM coverage was enacted. EUIM coverage allows victims to recover the full value of the liable third party’s liability bodily injury coverage and the total amount, if applicable, of the victim’s EUIM coverage.

Let’s look at an example. Say that you are involved, as the result of a third party’s negligence, in a serious car accident resulting in considerable injuries, medical expenses, and conscious pain and suffering.  Before EUIM’s enactment, a victim’s Underinsured Motorist’s coverage would only pay for the difference between the at-fault driver’s insurance coverage and the victim’s Underinsured Motorist coverage. If the liable third party carried a $30,000 policy and the victim carried a $100,000 policy, one’s maximum coverage totaled $100,000 ($30,000 from the tortfeasor and $70,000 from one’s own Underinsured Motorists coverage. However, EUIM allows accident victims to “stack” the totality of their Underinsured Motorists coverage onto the tortfeasor’s bodily injury limits, for a total of $130,000 in potential coverage.   

EUIM is not Automatic

Maryland insurance companies must offer drivers EUIM coverage when they sell an insurance policy, but the driver must elect and opt into the new coverage in writing to be eligible. EUIM must be elected when a new policy is issued and is not available when renewing existing policies.  For more information on EUIM specifically and the rights of accident victims and their recovery of insurance benefits, contact Levin & Gann, P.A. Principal, Lee J. Eidelberg, at 410-321-4668.

Contact Levin & Gann

If you are seeking out the law firm that will serve you best, Levin & Gann, P.A. is here to help.  With over a century of experience, we work closely with a wide client base to achieve success. We are not afraid to approach cases with reasonable aggressiveness and creativity.  Our skilled attorneys do not believe any case is too big or too small to tackle. Levin & Gann, P.A. knows exactly how important it is that you obtain justice and fair compensation.  Don’t wait–get your free consultation today.

Call 410-321-0600 for more information, and we will find the best solution together.  To keep current with updates on both Levin & Gann, P.A., as well as other legal matters, you can follow us on social media using our Facebook, Twitter, Pinterest, LinkedIn, and Youtube.

 

This entry was posted on Friday, March 15th, 2019 at 3:14 pm. Both comments and pings are currently closed.

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