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August
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Michigan Court of Appeals to Insurers: $250,000/$500,000 Auto Liability Insurance Coverage does not equal $50,000/$100,000
What is the state-mandated minimum amount of auto liability insurance coverage? This is a common question across the country that should be easy to answer. And before July 2020, the answer for Michigan was relatively straightforward: $20,000 per person/$40,000 per person. The answer to this question matters not only to the insurance buying public, but also to practitioners, even those dealing with insurance policies containing higher limits. Why? Because there have always been exclusions in auto insurance policies that permit an insurer to reduce its stated coverage to the state-mandated minimum. The most common situations involve intentionally caused injury, failure to...
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