Posted by Tiffany Sanders J.D. | Posted in Personal Injury Insurance Awareness
Michigan’s chief Insurance Regulator stepped in last week to prohibit insurance companies from inserting a clause in their contracts that would limit an insured’s ability to make underinsured motorist claims under their own vehicle insurance policies. Earlier this year, Michigan took similar steps regarding uninsured motorist coverage.
Some insurance companies had sought to include a contract provision requiring such claims to be filed with the insurance company within six months of the accident. Michigan has now precluded any limitation that would reduce the period for filing below the three year statute of limitations in tort cases.
Not all states have taken action to prevent against this kind of contractual modification, though, so make sure that you understand the terms of your insurance policy clearly–and when you’re considering new coverage, ask the company how long you have to file uninsured/underinsured motorist claims.
