Automobile Insurance Coverage Maryland MD

Reader’s Question:

I am expected to give birth to a baby girl this January. It’s out first baby and everybody in the family is so excited about it. My husband and I are planning on everything and making sure that our angel will get the best in life. I just need a little advice regarding auto insurance policy. Now that we’re adding a new baby in the family what are the things that we should consider now? Are there things that should be changed regarding our car insurance policy? Before I forgot, we are from Maryland.

Jean

Silver Spring, MD

Congratulations Jean! I hope you’ll have a healthy baby girl!

As to your question, let me just give you three simple steps that I’ve read from the Maryland Insurance Administration (MIA) regarding auto insurance polices for families who are just starting:

First, you have the option to increase your liability coverage. The reason is simple, your family is increasing and thus, the risk for accidents also increases;

Second, since you are starting a family, it’s given that your assets are also increasing, thus it’s also advisable for you to get umbrella policy. This would back you up in an event that you are involved in an accident and the liability coverage you have is not enough to cover the other party’s damages. The umbrella policy would kick in by protecting your assets like vehicle and house which the other party may go after to collect the claim.

Third, since you’re married and assuming you haven’t merged your auto insurance policy yet with your husband, then I would advise you do so. By doing this you would save on your car insurance premium.

If you have more questions about car insurance in Maryland you can always ask your auto insurance agent or even the MD Insurance Administration.

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