OAI: Michigan Senate Vote Spotlights Mini-tort Auto Insurance Law
Summary
"Despite rising costs, the amount residents can collect for damages under the mini-tort provision hasnt been increased in decades," said Rep. Cindy Denby (R-Handy Township), who sponsored the bill, in a statement.Source: OAI recommends that drivers who anticipate getting in lesser-costly collisions like fender benders obtain mini-tort coverage, as damages they could be awarded in court are usually within the newly approved $1,000 mini-tort cap.Drivers who drive mostly in dense, urban areas where cars go at slower speeds might want to take the optional coverage into strong consideration.For more on this and related issues, head to Detroit, MI, May 24, 2012 --( PR.com )-- A bill doubling the cap on damages that drivers can seek in court through Michigans mini-tort provision was recently approved by senators in Michigan, highlighting mini-tort as one of the few exceptions to the state’s no-fault law that excludes most crashes from litigation, according to Online Auto Insurance.HB 5362, unanimously approved by the state Senate last week, increases the mini-tort limit from $500 to $1,000."Despite rising costs, the amount residents can collect for damages under the mini-tort provision hasnt been increased in decades," said Rep. Cindy Denby (R-Handy Township), who sponsored the bill, in a statement.