DETROIT – After more than four decades, Michiganders will now have a choice when it comes to how much personal injury protection, or PIP, they want.
It’s the medical coverage portion of your auto insurance that, up to now, had to be unlimited and the most expensive in the country.
Detroit Mayor Mike Duggan lobbied hard for insurance reform since Detroiters pay exorbitant premiums.
He did an hour long primer Thursday night on what to look for and ask for when calling your insurance agent.
“You have to act for yourself or it won’t change,” Duggan said.
You have options. You can keep your unlimited coverage if you want to. If you have a qualified employer health plan or Medicare you can opt out of the PIP entirely or you can choose reduced PIP levels of $500,000 or $250,000.
Look at your insurance paperwork and become familiar with what you’re currently being charged for PIP and start calling around looking for quotes.
Do not expect to see an immediate reduction in your insurance July 2nd unless you call and change it.