Understanding Michigan Handyman Auto Insurance
Automobile policies in the Wolverine State are quite expensive when compared to other states and in some cases motorists pay extremely high rates. The reason for this is pretty simple; the state has one of the most comprehensive No-Fault insurance systems in the nation. In order for a resident to operate a motor vehicle legally, they must be insured with a policy consisting of quite extensive coverage. A basic No-Fault policy is made up of three parts and each require pretty high limits.
Individuals purchasing automobile policies must purchase Property Protection which comes with a limit of $1 million to cover property damage that a motorist may cause with their vehicle. This will compensate a third party for damages that are caused to property such as buildings, fences or a properly parked automobile. However, this does not pay for damage to cars that are being operated. Along with property protection, motorists must also purchase Michigan auto insurance that includes Residual Liability coverage for bodily injury and property damage. The minimum limits that must be obtained are $20,000 for bodily injuries or death to one person, $40,000 for bodily injuries per accident and $10,000 for property damage in another state; higher limits may be purchased.