Requirements

Insurance Requirements for Maryland Vehicles


Print This Page

Insurance Requirements for Maryland Vehicles

Did you know Maryland is a mandatory vehicle insurance state? What does this mean for you? 

 

 

In order to register your vehicle in Maryland you must have liability insurance. How do you know if you have the adequate amount of coverage?

 

1.  All Maryland vehicles MUST be insured at ALL times by a vehicle insurance company licensed in Maryland. Your vehicle insurance must cover, at a minimum:

  • $30,000 for bodily injury
  • $60,000 for 2 or more people
  • $15,000 property damage

 

For a Transportation network company who is an affiliate of a company that provides taxicab services with no fewer than 26 nor more than 300 transportation network operators. Your vehicle insurance must cover, at minimum:

  • $50,000 for bodily injury
  • $100,000 for 2 or more people
  • $25,000 for property damage

 

2.  Return your license plates to any MVA branch office before you cancel your vehicle insurance.

Read More

Texas Car Insurance – Quotes, Coverage & Requirements

Texas Car Insurance


Did you know that in Texas you could get a discount on your car insurance just for taking a drug and alcohol awareness course? Learn more about Texas auto insurance laws, rates, and programs.

Car Insurance Requirements

Texas requires you to be able to pay for any damages and injuries from a car accident you caused. Most people buy liability car insurance to fulfill this law.


If you choose to buy liability insurance to comply with the law, your policy must have the following minimum limits:

  • $30,000 for each injured person.
  • $60,000 for injuries per incident.
  • $25,000 for property damage.

Other Car Insurance


Texas only
requires you to have liability insurance, but there are other optional types of car insurance coverage available to help protect you financially, which include:

  • Collision – This coverage will help cover damages to your vehicle
Read More

FHA Requirements: Mortgage Insurance for 2020

Mortgage Insurance (MIP) for FHA Insured Loan

Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment.

2020 MIP Rates for FHA Loans Over 15 Years

If you take out a typical 30-year mortgage or anything greater than 15 years, your annual mortgage insurance premium will be as follows:

Base Loan Amount LTV Annual MIP
≤ $625,500 ≤ 95% 80 bps (0.80%)
≤ $625,500 > 95% 85 bps (0.85%)
>$625,500 ≤ 95% 100 bps (1.00%)
> $625,500 > 95% 105 bps (1.05%)

2020 MIP Rates for FHA Loans Up to 15 Years

Homebuyers who can afford to pay off their loans quicker and opt for a shorter term, such as a 15-year mortgage, will benefit from lower mortgage insurance premiums, as follows:

Base Loan Amount
Read More

California Car Insurance – Quotes, Coverage & Requirements

Summary: California Car Insurance

Car insurance is a legal requirement in California. At a minimum, drivers must hold liability insurance. The state, however, offers discounts and a program for low-income drivers.

California Car Insurance

Are you shopping for affordable car insurance quotes? California insurance companies are required to offer you a good driver’s discount if you have a clean driving record. Read more to learn about California car insurance rates, laws, and programs.

Car Insurance Requirements

California law requires that you have a way to cover costs related to damages or injuries you may have caused in a car accident. Purchasing liability car insurance is the simplest and most common way people choose to meet this requirement.

The minimum amount of liability insurance you must have on your policy is:

  • $15,000 for injury/death to one person.
  • $30,000 for injury/death to more than one person.
  • $5,000 for damage to property.

Other

Read More

Careers in Entrepreneurship: Skills and Requirements


  Explore Careers
   Accounting
   Consulting
   Entrepreneurship
     Overview
     Skills & Talents
     Job Options
     Salaries
     Facts & Trends
   Human Resources
   Finance
   Marketing
   Non-Profit

Entrepreneurship:
Skills and Talents Required

Entrepreneurs are a diverse set of people — with a range of personalities and a range of temperaments. In fact, they are
difficult to pigeonhole. Entrepreneurs tend to need a well rounded portfolio of skills since they frequently only have
themselves to depend on and do not have the luxury of others making up for any deficiency they might have. Entrepreneurs are
not risk-focused, but opportunity-focused. Many of the traits found in successful entrepreneurs are found among successful
leaders and managers in all types of organizations, not just entrepreneurial businesses.

Core Required Skills:

Communication Skills High
Flexibility and Adaptability High
Energy Level Very High
Need for Achievement Very High
Work Ethic Very High
Honesty and Integrity Very High
Initiative Very High
Optimism Very High
Self-Confidence
Read More