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$ 400 Refund Check Coming to Insured Michigan Driver

Refunds will be made for each car covered by passenger non-life insurance.

Lansing, Michigan — Governor Gretchen Whitmer announced Tuesday that Michigan drivers with auto insurance will receive a $ 400 refund check. The driver will receive one check for each vehicle and will receive the money in the second quarter of 2022.

“These refunds and the recently announced reduction in average rates across the state have reduced the cost of all Michigan drivers,” Whitmer said. “The Michigans have been paying catastrophic care funds for decades. After unanimously approving my request to return the surplus money to the Michigans pocket, the MCCA made this plan very much. I am glad that it was formulated quickly.

“We are working together to put Michigan drivers first, and MCCA and Michigan Auto Insurance Company are instructing DIFS to make these refunds accurately, fairly and promptly.”

The Michigan Catastrophic Claims Association (MCCA) voted to support Governor Gretchen Whitmer’s call to refund drivers in early November after reporting a $ 5 billion surplus.

Related: More savings or more protection?Choosing a new car insurance means a relief for your wallet

MCCA’s surplus has almost doubled since last year. Kevin Clinton, director of MCCA, states that there are three reasons for this.

  • The new disability-free reforms passed in 2019 include tariffs that limit the amount that healthcare providers can charge.
  • The return on investment from the fund is above the estimate.
  • Fewer people driving at the beginning of a pandemic means fewer claims of catastrophic injury.

“DIFS has worked with Governor Whitmer to call on MCCA to return surplus funds to Michigan with auto insurance. MCCA will give drivers the maximum possible refund while maintaining the viability of the funds. We commend you for taking the following steps necessary to do so. ” Anita Fox, Director of the Michigan Department of Insurance and Financial Services (DIFS).

“Within the next few months, DIFS will endeavor to issue refund checks to consumers in Michigan as soon as possible.”

Refunds will be given for each car covered by personal injury insurance, regardless of the insurance company.You can find more information here.

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$ 400 Refund Check Coming to Insured Michigan Driver

Source link $ 400 Refund Check Coming to Insured Michigan Driver

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