Maine Law Requires Disclosure of Insurance Limits

Until recently, auto and other liability insurance companies in Maine were not required to disclose the amount of insurance carried by their insureds, even when they were clearly at fault for an accident. This gave the insurance companies an advantage in settlement negotiations and in determining how long a case took to settle. Fortunately, the Maine legislature corrected this obvious inequity and granted injured persons the right to the insurance coverage information. (M.R. .A 24A -ยง2164-E.) If the insurance companies do not disclose the information within 60 days of a written request, you are entitled to a $500 fine from them. Many insurance companies are not yet aware of the change in the law and the team at Peter Thompson & Associates has successfully collected several $500 fines for our clients. If you have questions about your rights when dealing with insurance companies, contact us at 1-800-917-1784 or read more on our website, www.Peter-Thompson-Associates.com, on our car accident practice page.