A new proposal that would change Michigan’s auto insurance coverage requirements for people injured in accidents has been introduced in the state Legislature.
The latest proposal to change the system was introduced Tuesday in the state House.
Michigan now is the only state in the nation that mandates uncapped medical benefit coverage for people seriously injured in auto accidents. The new proposals instead would offer motorists less expensive insurance in exchange for limited personal injury protection coverage.
The new proposal would offer a range of coverage from $250,000 to $5 million.
Opponents of the proposed legislation say motorists opting for less coverage could wind up underinsured and in deep financial trouble if they’re seriously injured in an accident. Critics say the plan could burden Michigan’s Medicaid program with additional costs.
Was this article valuable?
Here are more articles you may enjoy.
T-Mobile’s Network Breached as Part of Chinese Hacking Operation 
US Opens Probe into Over 110,000 Ford SUVs on Seat Belt Concern 
NSA Director Wants Industry to Disclose Details of Telecom Hacks 
Toyota Executive Lashes Out at US Regulations Promoting EV Sales 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.