"> MAIF – A Convenient Solution for Your Auto Insurance Woe - Online Insurance Information

MAIF – A Convenient Solution for Your Auto Insurance Woe

Has your insurance application been rejected by all the insurance companies you approached in Maryland? If yes, you are probably worried about the legal aspects which could ensue if you are caught without the mandated minimum insurance coverage. In times of road accidents, not having insurance can be very problematic because you will have to bear all the expenses yourself. If you are engulfed in legal cases following the accident, the expenses could shoot up greatly, thereby leaving you in a financial mess.

However, what can you do if all your attempts at securing this important safety net are rejected? Well, the first thing to do is to relax. If you are a resident of Maryland, all hope of having a safety net for your vehicle is not lost. You can still have valid auto insurance. MAIF makes it possible. What exactly is this facility? Read on to know more.


MAIF stands for Maryland Auto Insurance Fund. It is a fund which has been established by the government under a public – private partnership. It was set up in 1972 as an alternate insurance provided for people who are not eligible for insurance under the normal scheme of things. Usually, the insurance does not reject anybody. Even if your insurance has been cancelled, for whatever reason, you can still buy this insurance policy. Owing to its flexibility, the insurance has become very popular, so much so that in 2006, it became the sixth biggest private insurance provider for passenger vehicles in the state of Maryland.

Requirements of the policy

Maryland Auto Insurance Funds have two basic requirements. Firstly, the applicant must be a resident of Maryland and secondly, the applicant must have a valid Maryland drivers’ license or the vehicle must have Maryland registration. Eligibility for this insurance is stipulated in Annotated Code of Maryland, Insurance Article Title 20.

What are the advantages of this insurance policy?

The popularity of this insurance policy can be attributed to several reasons. Here are some of them.

* It is easy to get this insurance policy

* The policy provides good liability cover and all your basic risks are covered

* The policy is particularly popular among low income group families because it is one of the cheapest in the market

* The policy is provided by private insurers as well.

* The policy is flexible. To decide on the best one, you can request insurance quotes from different private providers of the policy

* Additional premiums can be paid through a wide range of credit and debit cards by placing a call to customer service number

When you buy this policy, you can enjoy several benefits in addition to these. If you are looking for basic liability insurance, without special frills and trims, you are sure to find MAIF suitable for your needs.