Home Bisnis Auto Insurance Recommendations For New Michigan No-Fault Law – JD Supra

Auto Insurance Recommendations For New Michigan No-Fault Law – JD Supra



People often ask me “how much car insurance do I need?”

Never has this question been more important than now. Michigan drivers now face the biggest changes in auto No-Fault insurance since the No-Fault Act was enacted in 1973.

For example, with the new monetary caps on first party No-Fault insurance, a person who causes a serious car crash will now be responsible for all the medical bills over and above the PIP cap level that the injured person has at the time of a car accident.

These changes are coming fast. Starting July 1, 2020, drivers will be faced with:

  • Choosing between unlimited No-Fault PIP medical benefits and capped lower PIP cap levels.
  • An increase in the mandatory minimum liability limits for bodily injury insurance should they be held liable for injuring or killing someone in a car accident.
  • A shift in our law allows a person who has been seriously injured in a car accident to sue the person who caused the crash for all medical bills and economic loss over the amount of No-Fault PIP medical benefits selected at the time of the crash (assuming the person who causes the crash has enough liability insurance and assets to pay for what can now be tens or…

Read More: https://www.jdsupra.com/legalnews/auto-insurance-recommendations-for-new-11635/

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Source: https://www.jdsupra.com/legalnews/auto-insurance-recommendations-for-new-11635/

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