When you are sitting in front of your computer, or in an insurance office, it can be hard to tell why you might want to add on more than the minimum state-required insurance. Michigan No-Fault insurance is already more expensive than the national average and it gives you great coverage if you are injured in an accident. So why pay more? Here are 3 good reasons:
No-Fault Doesn’t Cover Collision Damage
When you get into a serious car accident, it’s not just your body that takes the blow. Even when you are not seriously injured, your car might be damaged beyond repair. Michigan No-Fault insurance covers your medical expenses, wage loss, rehabilitative expenses and damage done to other people’s property, but it doesn’t cover the cost to fix or replace your car. If you want to cover what happens to your vehicle, you will need to add on collision coverage.
Not Everyone Has Insurance
Even though it is the law that every vehicle registered in Michigan must be covered by No-Fault Insurance, not every car on the road is registered in Michigan. And let’s face it, not everyone follows the law. So what if you are hit by an uninsured motorist? Your No-Fault insurance will still protect you up to its policy limits. Past that, though, you’ll be trying to collect damages from someone who didn’t even have the money to pay for insurance. By adding uninsured or underinsured motorist protection you can give yourself a cushion should the unthinkable happen.
Not Every Accident Involves Another Car
What happens if, while you are driving down the road, a tree falls and crushes the hood of your car? Or you get hit by a deer? Or your car is stolen? No-Fault Insurance doesn’t cover any of these things – it only covers accidents between motorists, motorcycles, bicycles, or pedestrians. But you can add comprehensive coverage to cover these acts of nature and criminal acts that could otherwise leave you holding the bill.
Michigan No-Fault insurance provides some of the best coverage in the country, but it has its limits. Before you pick the cheapest option, know what you’re giving up and what won’t be covered under the basic No-Fault Insurance policy. If you have been in an automobile accident and want to know what the insurance company should be paying for, contact Christensen Law for a consultation today.