In Michigan, everyone owning or registering a vehicle must have auto insurance coverage. But now, you must make tough choices about what that auto insurance policy will cover. In Michigan the auto insurance law was reformed in 2019. The reform passed is huge and complicated for the average consumer. Every single consumer is impacted by the changes. Renewing your auto insurance policy after July 1, 2020, consumers must make wise coverage decision to protect their family. The chances of being involved in a car accident during the course of your life is high, due to the increasing number of vehicles on the road every day.
Michigan auto insurance changes require the consumer to make purchasing decision about their coverage. After the 2019 No Fault Insurance Reform, the following are the two most important choices you must make:
Residual Liability Insurance Coverage – You need to select the amount of liability insurance coverage to protect yourself financially if you cause a car crash hurting someone else. Now under the new law, you can be sued for excess economic losses consisting of excess medical bills and wages so the level of coverage to protect you should be $500,000 minimum. Remember, any person you injure in motor vehicle accident can now pursue you for excess medical costs if you caused the accident. Due to this shift in the financial risk, every driver should purchase as much liability insurance as possible to protect themselves financially in the event of a car accident.
Personal Protection Insurance Benefits – This coverage provides medical coverage if you are injured in a car accident. Medical bills can be significant after a car accident. You should pick the unlimited medical coverage option. You cannot rely your health insurance because health insurance does not provide adequate coverage for the services a catastrophically injured auto accident claimant would need to survive. Nor can you rely on a lawsuit against the at fault driver because the at fault driver may not have adequate coverage to pay for you excess medical bills and wage loss. Giving the consumer the PIP option is really bad for the consumer because most people do not understand the value of the unlimited medical option and consequences of not having enough medical coverage. I cannot stress enough the importance of selecting the unlimited medical option in your auto insurance option. Do not sign a waiver when you buy insurance unless you have selected enough coverage. The waiver is presented so the insurance agent and the auto insurance company cannot be held responsible when you mistakenly select inadequate coverage.
If you are injured in a motor vehicle accident you will want to have access to whatever is “reasonable and necessary” care, rehabilitation, and recovery treatment and resources that you need to recover from your injuries. Only selecting the “unlimited medical option” for personal protection insurance benefits can do this. Your health insurance will never be adequate to provide coverage for the medical services you will need for the potentially horrific injuries car accidents are known to cause.
You need to make smart decisions to adequately protect you and your family. The medical options available are very confusing and the risks are illusive to the average consumer that is unaware of the significant benefits that adequate insurance coverage will provide. You should share these thoughts with your friends and family and educate yourself on the auto no fault insurance coverage options available. Your choices will have profound consequences to you and your family in the event you are involved in a car accident that results in injury to you, your family member or someone else.
The 2019 changes to Michigan no fault auto insurance create serious problems for catastrophically injured people in car crash and their families and their available healthcare and rehabilitation services. The best decision you will ever make to protect your rights after a car, truck, bus, motorcycle, or pedestrian auto accident is consult a consult an experienced no fault insurance attorney.
We know that being involved in a car accident can be overwhelming. Survivors are often shocked and confused. Rather than trying to navigate the complicated Michigan no fault auto law on your own, you should let us carry this enormous responsibility for you.
In a 100% free consultation, we will take the time to explain all of your rights. If honor us by becoming our client, we will fight with the insurance company, and make sure you are paid all of the benefits you deserve. We handle auto accident insurance injury claims on a contingency fee basis, which means you only pay attorney fees if we win. We are available to help you 24/7.
Call us today for a free confidential consultation at 248-352-2110 or Toll Free at 866-447-3563 to speak to a Michigan car insurance lawyer.