Your auto insurance plan in Rochester Hills, MI may qualify for a discount, thanks to new auto reform policies. The state of Michigan has adopted new laws that now allow car owners to forgo purchasing personal injury protection (PIP) if they have a qualifying health insurance plan. The agents at Guy Hurley McNeil can provide a full explanation as to how auto insurance reform can positively impact your policy.
Why is PIP coverage required?
Michigan is a no-fault state, which means that all drivers must have insurance that pays for personal medical bills. You cannot necessarily sue the driver who rear-ended you for personal injury in Rochester Hills, MI.
Personal injury protection (PIP) provides the coverage needed to pay for your medical expenses regardless of whether you caused an accident. Generally speaking, Michigan drivers must furnish proof of PIP coverage that pays at least $25,000 for damages.
Changes to the rules
Under the new auto insurance reform laws, drivers with health insurance through their employers may qualify for a waiver of the required PIP coverage. Those seniors with Medicare may also be able to forgo coverage.
Not everyone with health insurance qualifies for a PIP waiver. Individuals with high deductibles, for instance, may still need to have a plan. It is not best to assume that your health plan qualifies you for a PIP waiver. You should speak with a professional in the auto insurance field before dropping your plan.
Call Guy Hurley McNeil for help!
We are experienced in auto insurance and can thoroughly explain how the new auto insurance reform laws impact you and your indemnity policy. Call Guy Hurley today to see if you can save money on PIP coverage.
