In most cases, your policy can be used to make up the difference in what you would have received if the other driver had purchased
minimally acceptable coverage.
Of course, there are certain elements every policy will have in common, thanks to state regulations dictating minimums
in acceptable coverage.
The minimum levels
of acceptable coverage in Maryland are $ 20,000 for single victim bodily injury or death; $ 40,000 for multiple victim bodily injury or death; and $ 15,000 in property damage liability coverage.
The state also mandates a minimum level of
acceptable coverage on all drivers» car liability insurance policies.
That's why last November, Federal Housing Administration Principal Deputy Assistant Secretary Ed Golding announced changes to condo rules that would address a lengthy and complex recertification process, owner - occupancy requirements, and limits on the types of property insurance that FHA
considers acceptable coverage.
Since the other driver does not have insurance (or does not carry minimally -
acceptable coverage), getting the compensation you deserve can be more difficult.
Having appropriate auto insurance is actually a nobrainer, and yet many Texans decide to take to the street without needing
an acceptable coverage to insure themselves should they wind up in an injury.