An Act To Repeal The Provisions Of Law Requiring Motor Vehicle Liability Insurance Policies To Cover The Cost Of Towing And Storing Certain Vehicles

LD 1401 repeals a requirement that Maine motor vehicle liability insurance policies must cover up to $500 per accident for towing and storage costs incurred after accidents involving the insured vehicle. This change directly affects vehicle owners who previously had this coverage automatically included in their policies, and towing/storage businesses that could previously collect these costs through insurers. The bill removes Section 1605-B of Maine law, which mandated this coverage, and amends related sections to eliminate the $500 towing/storage coverage requirement. Insurance policies will no longer need to include this specific coverage, shifting responsibility for payment to vehicle owners.