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Interview Transcript
Deb Hartman:
Pat Brown is the president of the Holt & Dimondale Insurance Agency… latest update on the revised Michigan, no fault-insurance law. What now?
Pat Brown:
Hi Deb.
Deb Hartman:
Hi Pat.
Pat Brown:
Thanks for having me here again. And I know I sound like a broken record, but it’s our duty in the insurance industry to give as much information out to people in the world that are going to purchase insurance.
Deb Hartman:
Yeah.
Pat Brown:
And what we do know is, this law will take effect July 2nd, 2020.
Deb Hartman:
Okay.
Pat Brown:
It will affect all Michigan licensed vehicle operators in Michigan, one way or another.
Deb Hartman:
Okay, yeah.
Pat Brown:
It’ll affect both personal and commercial insurance. Okay?
Deb Hartman:
Okay.
Pat Brown:
Definitions of who’s covered on a policy has really been changed. Instead of hey, and we’re covering everybody that’s in a household, there’s going to be specifics now. And one of them is a child away at another school. Is it considered a resident of the household? So there has been some definition changes of who’s actually covered on a policy, and if they can be covered, have to be covered elsewhere.
Deb Hartman:
Okay, what about teenagers who might be splitting time between both parents’ homes?
Pat Brown:
Great question. There may have to be two policies.
Deb Hartman:
Oh.
Pat Brown:
That’s coming up too.
Deb Hartman:
Okay.
Pat Brown:
The biggest change is what they call a PIP, or the medical coverage that we’ve had. It’s been unlimited forever and ever since 1976, since the first no- fault came in. It has been drastically changed, and there’s going to be put limits on there, and you’re going to have to pick them. We can give you some information, but you’re going to have to make that choice. We can give you some guidelines, but we can’t tell you what you’re going to have. If you want to save the money because you saw it there, you got to be careful. Talk to somebody.
Learn how changes in the no-fault law will impact your business in this free guide.
Deb Hartman:
Yeah, of course. Talk to you.
Pat Brown:
That would be number one. It would be. And then, another big one is what they call the tort liability.
Deb Hartman:
Okay.
Pat Brown:
If you’ve watched TV, and again, you can see the attorneys that are on TV doing a lot of commercials. They’re prepping for what’s going to happen because tort liability, and you can sue somebody else, will be back.
Is your business ready for changes in no-fault legislation? Take our free commercial insurance assessment to find out!
Deb Hartman:
Okay.
Pat Brown:
So something to really think about. So your coverage limits, you got to be prepared. And before making any hasty decisions, talk to somebody. Call Holt & Dimondale agency. We’ll give you answers.
Deb Hartman:
Yeah.
Pat Brown:
And those that bought the insurance on the 1-800 number, you might be able to get the answers you need. Give us a call. We’ll help you out.
Deb Hartman:
Absolutely. You know, and insurance, of course, sometimes we, “Well, I just don’t think I…” I know someone who had an incident, and they were a breath away from canceling some health insurance, and they were really grateful that they didn’t. So the same with auto, if you’re thinking that, “Oh, I can slide by with a really minimum policy.” I mean, I’m not an agent. I’m not going to tell you what to do, but really consider all the options.
Pat Brown:
Consider them. Go to the website of the State of Michigan. You can just look under diffs auto insurance at michigan.gov. And you can find some information there too.
