Maryland No Fault Clause

State:
Multi-State
Control #:
US-OL25072
Format:
Word; 
PDF
Instant download

Description

This office lease clause describes the allocation of risks. The parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks as permitted by law.

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FAQ

Maryland is an at-fault state for car accidents. That means that drivers are allowed to sue another driver for compensation after a crash. However, there are certain insurance benefits that are not based on fault, which gives drivers additional options to recover damages after a collision.

State law requires you to carry a minimum of $30,000 for bodily injury per person, $60,000 for bodily injury per accident and $15,000 for property damage per accident. Not having valid car insurance can mean heavy fines and even jail time. For driving without insurance, penalties vary depending on the circumstances.

The mid-Atlantic and central Appalachian region, including Maryland, is characterized by a moderate amount of low-level earthquake activity, but their cause or causes are largely a matter of speculation. In Maryland, for example, there are numerous faults, but none is known or suspected to be active.

The only time your car insurance should go up after a hit-and-run in Maryland is if you are at fault and identified. Victims not at fault for an accident don't have to worry about their premiums rising after a hit-and-run.

As the owner of the automobile, you may be held responsible by what is known as ?vicarious liability?. This term means that the owner of the vehicle may be held responsible for the act of another, especially if the driver was acting as the agent, servant and/or employee of the owner.

So if you're hit by an uninsured driver in Maryland, your own insurance company will step in and pay you whatever you're carrying, so long as you have damages to that extent. In other words, your own insurance will take the place of insurance for the at-fault driver.

In general, you can sue any negligent party whose actions caused your car accident. While some states may limit legal action against certain entities, Maryland allows car accident victims to sue at-fault drivers, insurance companies, government entities, and third-party organizations.

The only time your car insurance should go up after a hit-and-run in Maryland is if you are at fault and identified. Victims not at fault for an accident don't have to worry about their premiums rising after a hit-and-run.

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Maryland No Fault Clause