Paramount Insurance Company is based in Baltimore, Maryland and has been selling insurance since 1938. For those of your familiar with the Baltimore 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 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 firmr sees 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.
In our opinion, the only language Paramount Insurance understands is a clenched fist. Our lawyers have won millions of dollars in both settlements and verdicts against insurance companies in Mayrland. We fight every case we accept as it if was the only case we have. If you want us in your corner, call 800-553-8082 or get a free on-line consultation.
Our 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 Paramount where it was clear our claim exceeded the policy limits.
Worse still, this carrier writes small insurance policies in Maryland only for the minimum limits.. If you have a large case, expect to have a harder time getting Paramount 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 association, Paramount Insurance teams up with MAIF at times, selling property damage coverage to supplement MAIF's liability insurance.
This insurer uses different law firms to handle their claims. Bodie, Dolina, Smith & Hobbs, a good Towson law firm, seems to handle most of their Maryland vehicle crash lawsuits.
If you have a potential tory injury claim, call our accident attorneys at 800-553-8082 or click here for a free consultation on your claim.More Personal Injury Resources
- Valuing Personal Injury Cases (how much is your car accident case worth?)
- Personal Injury Claims Without a Lawyer (tips for accident victims)
- Property Damage Claims (tips for auto accident property damage claims)
- Example Demand Letter (letter to insurance company for compensation by settlement)
- Personal Injury Frequently Asked Questions (questions about handling claims against Paramount Insurance and other insurance companies)
- Maryland Car Accident Claims (an overview)
- Maryland Car Accident Attorney Help Center (examples accident lawyer bringing claims against Paramount Insurance)