What's Different About Michigan's No Fault Auto Insurance?
There are some things about Michigan auto insurance that you might not be familiar with if you've only registered cars in other areas in the US. This insurance is legally required in this state, and made up of three major segments. These are residual liability for bodily injury and property damage to others, personal injury insurance and property protection insurance. When registering a car in Michigan, it's important to be able to prove you possess this insurance, since driving without it is illegal.
Policies under Michigan's no fault insurance provide for reimbursement of medical costs plus lost income from your injury for up to three years. The amount you can receive for this was around four and a half thousand dollars as of 2007. This amount also applies when someone who has died in an accident and who has Michigan auto insurance. His or her family will receive up to that amount every month for three years to make up for the lost income.
If someone is in an accident and his or her injury prevents basic family services from being provided, such as housekeeping, up to twenty dollars per day to hire others to do this for them is also available. You can choose to synchronize your coverage to any existing health or disability policy if you'd like to reduce your premium, as long as it's not a Medicare or Medicaid policy (these cannot be synchronized). That makes the synchronized policy the primary payer, and the your Michigan auto insurance is responsible for covering what's left.
If you use Michigan no fault insurance, the policy will pay up to one million dollars for damage you do to fences, railing, buildings, and other types of property belonging to someone else. This policy also pays for damage you do to properly parked cars that belong to other people.
The no fault law for Michigan auto insurance also protects people who are insured under this policy from being sued outside of particular situations. If you cause an accident in which someone else is seriously injured or killed, are involved in an accident with a car not registered in that state, or you're involved in an accident outside of state, you may be sued.
In addition, if you were more than fifty percent at fault in an accident, you may be sued for up to five hundred dollars in damage to the other car. However, in situations where you're sued or are legally responsible for damages, your Michigan no fault insurance will pay up to your coverage limits.
In this state, you're required to carry a certain amount of coverage. That includes at least twenty thousand dollars worth of coverage for bodily injury and property damage for every person hurt or killed in an accident. Forty thousand dollars worth of coverage is required in case of accidents where multiple people are injured or killed. Another ten thousand dollars worth of coverage is required for property damage outside of Michigan, and you're responsible for the excess paid in all cases where the award exceeds your coverage.
So what doesn't Michigan no fault insurance cover? Collision insurance, which covers repairs to your car, is not required. Comprehensive insurance is also not mandated by law, and covers damage to your car if it is stolen, or damaged by fire, flood, animals, vandalism, or falling objects. If you are hit by an uninsured motorist and have not voluntarily purchased coverage for this, you will also not be covered by regular Michigan auto insurance. - 21396
Policies under Michigan's no fault insurance provide for reimbursement of medical costs plus lost income from your injury for up to three years. The amount you can receive for this was around four and a half thousand dollars as of 2007. This amount also applies when someone who has died in an accident and who has Michigan auto insurance. His or her family will receive up to that amount every month for three years to make up for the lost income.
If someone is in an accident and his or her injury prevents basic family services from being provided, such as housekeeping, up to twenty dollars per day to hire others to do this for them is also available. You can choose to synchronize your coverage to any existing health or disability policy if you'd like to reduce your premium, as long as it's not a Medicare or Medicaid policy (these cannot be synchronized). That makes the synchronized policy the primary payer, and the your Michigan auto insurance is responsible for covering what's left.
If you use Michigan no fault insurance, the policy will pay up to one million dollars for damage you do to fences, railing, buildings, and other types of property belonging to someone else. This policy also pays for damage you do to properly parked cars that belong to other people.
The no fault law for Michigan auto insurance also protects people who are insured under this policy from being sued outside of particular situations. If you cause an accident in which someone else is seriously injured or killed, are involved in an accident with a car not registered in that state, or you're involved in an accident outside of state, you may be sued.
In addition, if you were more than fifty percent at fault in an accident, you may be sued for up to five hundred dollars in damage to the other car. However, in situations where you're sued or are legally responsible for damages, your Michigan no fault insurance will pay up to your coverage limits.
In this state, you're required to carry a certain amount of coverage. That includes at least twenty thousand dollars worth of coverage for bodily injury and property damage for every person hurt or killed in an accident. Forty thousand dollars worth of coverage is required in case of accidents where multiple people are injured or killed. Another ten thousand dollars worth of coverage is required for property damage outside of Michigan, and you're responsible for the excess paid in all cases where the award exceeds your coverage.
So what doesn't Michigan no fault insurance cover? Collision insurance, which covers repairs to your car, is not required. Comprehensive insurance is also not mandated by law, and covers damage to your car if it is stolen, or damaged by fire, flood, animals, vandalism, or falling objects. If you are hit by an uninsured motorist and have not voluntarily purchased coverage for this, you will also not be covered by regular Michigan auto insurance. - 21396
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Before you purchase car insurance online or anywhere else, discover how to acquire dirt cheap auto insurance for Michigan Auto Insurance.
posted by X - Men @ 4:43 AM
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