car accident pay off for another vehicle will not cover cost of getting new car under MD personal injury law

I am not a MD lawyer, but in general, insurance companies only have to pay the fair market value for a totaled vehicle. This may or may not give the damaged party enough money to buy another vehicle the damaged party believes to be of equal value.

There is a lot of gray area when determining fair market value, and you can certainly argue with the insurance company if you think they are undervaluing your truck. Look at used-vehicle ads, check Web sites like www.edmunds.com, and gather as much evidence as possible. You may talk the insurance company into increasing their offer.

Good luck to you.

Maryland law is that if you destroy another person's property, you are subject to a claim for the Fair Market Value of the destroyed property. The law applies ton everyone - not just insurance companies.

In my observation, fair market value is the remedy standard.


Good luck.

NOTE: This answer is made available by the out-of-state lawyer for educational purposes only. By using or participating in this site you understand that there is no attorney client privilege between you and the attorney responding. This site should not be used as a substitute for competent legal advice from a licensed professional attorney that practices in your state in the subject practice discipline and with whom you have an atttorney client relationship along with all the privileges that relationship provides. The law changes frequently and varies from jurisdiction to jurisdiction. The information and materials provided are general in nature, and may not apply to a specific factual or legal circumstance described in the question.