Thursday, March 28, 2013

Michigan Catastrophic Claims Association increases rates amid discussions on changing no-fault auto insurance

Michigan Catastrophic Claims Association increases rates amid discussions on changing no-fault auto insurance | MLive.com:
"Michigan motorists will pay an extra $11 per year to cover the rising costs of the state's unlimited lifetime medical care for auto-related injuries.
The Michigan Catastrophic Claims Association on Wednesday announced it will increase the premium paid for catastrophic coverage by 6 percent to $186 per insured vehicle from July 1, 2013 to June 30, 2014.
The current assessment is $175, which represents a $30 increase from the previous year.
Michigan is the only state to offer unlimited lifetime medical care for auto-related injuries under its no-fault auto insurance system. "

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