Reform,Michigan,no-fault,Car,I car Reform of Michigan no-fault Car Insurance
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Contains a range called no-fault, automobile insurance, and all of Michigan personal injury protection or PIP under the current law PIP is included, including some provisions of up to 85% of loss of income insurance and medical benefits from the work subject to maximum monthly unlimited. Michigan is the state of medical insurance only unlimited delegation.Nature of the problem, the cost of compensation of a fatal injury rate is increased in combination with the method of no-fault law is open today. Must pay the full amount of the cost of medical services currently think, under the policy of auto insurance Michigan, the benefits of the PIP, and that they are "reasonable and customary". Because there are other sources of medical insurance, HMO or PPO contract or of the employee, pay the fee can be reduced if the remuneration, fee schedules, workers' compensation, is part of the laws of the State of Michigan.At the moment, there is no limit to the amount of benefits paid for injuries caused by PIP automobile accident. There are two categories of automobile insurance in Michigan to pay for this benefit: one is the amount of premium paid to cover the PIP. Money has been used to cover the first $ 500,000 of PIP applications and benefits held by insurance companies. In another category is the evaluation of MCCA. Evaluation to increase slightly to $ 145.00 per unit in 2012, insurance companies to collect, is part of you will need to pass the (MCCA) Michigan Association of fatal claims. Insurance companies have paid to complete part of a claim for damages in excess of the $ 500,000 MCCA. According to the highest percentage of people who cost more than $ 500,000 MCCA, PIP claim has been aged between 16-20 (12.4%)As testimony in the House of Representatives Insurance Committee, Michigan, according to the report was presented by Dr. Sharon Tennyson, the average of the amount you paid for each claim of the state of Michigan in 2010, PIP $ 35.446 on October 4, 2011 was. The report also, only 1% to 2% of all PIP, which indicates that the claim that more than $ 500,000 in Michigan The problem is that it supports (1 ~ 2%) PIP minimum requirement of $ 500,000 or more 47% of total expenditure. In other words, if the claim exceeds the cost of $ 500,000, chances are there is a huge thing when it comes to. Article Tags: Insurance Companies
Reform,Michigan,no-fault,Car,I