In Michigan, every registered motor vehicle is required to be insured with no-fault automobile insurance.
In fact, if you or your family is injured in an auto accident, your auto owners insurance policy will pay unlimited medical and rehabilitation expenses, as well as wage loss benefits and up to $20 per day for replacement services for up to three years.
There are financial risks involved with not getting auto insurance coverage. If you own a car and you, or someone else you allow, drives that vehicle without basic no-fault car insurance, you can be sued and held personally liable for all injuries and damages that result from an accident, including your own.
No-fault policies consist of three basic parts, and they all must be carried on every vehicle:
Personal Injury Protection (PIP)
PIP pays all reasonable and necessary medical expenses if you are hurt in an auto accident, including wage loss and replacement services up to three years.
Property Protection (PPI)
PPI pays up to $1 million for damage your vehicle does in Michigan to other people’s property, such as buildings and fences.
Residual Bodily Injury and Property Damage Liability (BI/PD)
BI/PD pays, up to the limits of the policy, your defense costs and any damages you are found liable for as the result of an auto accident in which someone was killed or seriously injured.
In addition to no-fault, there are optional coverage options that can be added to your baseline no-fault policy.
The team at Professional Insurance can help assess your needs, research all of the policy options available with the carriers we represent and offer you multiple solutions. Ultimately, we will guide you through the decision of selecting the auto insurance coverage most appropriate for your situation.