Paramount: Car Insurance Claims and Settlements

 

Paramount Insurance Company is based in Baltimore, Maryland and has been selling insurance since 1938. For those of your familiar with the Baltimmaifore area, Paramount Insurance is located on Security Boulevard in Baltimore County. There is not a lot of information available about Paramount Insurance. We believe it owned by a company called Motts Motts Acquisition (although good luck finding that out or anything of much help on their website). Clearly, it is a small company. It has .2% of the Maryland car insurance market. It is ranked 55th in market share in Maryland. But the reality is that our car accident lawyer see Paramount far more often than 2 out of every 1000 cases? Why? Because Paramount insurers more higher risk drivers. These folks are higher risk for a reason: they cause more car accidents.

Our car accident lawyers' experience with Paramount is, to say the least, not a good one. They have few insurance adjusters and the one who has gotten most of the Paramount claims our firm has handled is extremely difficult to work with on accident claims. Returning calls is a challenge. We have had cases where we have had to file lawsuits against Parmamount where it was clear our claim exceeded the policy limits.

Worse still, Paramount, writes small insurance policies in Maryland only for the miniumum limits (formerly $20,000 per person/$40,000 per accident which has not been increased to 30/60). If you have a large case, expect to have a harder time getting Parmount to pay its policy limits than you have the uninderinsured motorist carrier. We have had to put cases in suit against Paramount where it was clearly a waste of time because the underlying claim was worth far more than Paramount's policy limits. In terms of guilty by assocation, Paramount Insurance teams up with MAIF at times, selling property damage coverage to supplement MAIF's liability insurance.  

Paramount uses different law firms to handle their claims. Bodie, Dolina, Smith & Hobbs, a good Towson law firm, seems to handle most of their Maryland accident lawsuits.

      If you have a potential claim against Paramount Insurance, call our accident lawyers at 800-553-8082 or click here for a free consultation on your claim.

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