LANSING, Mich. (WLNS )– The Michigan Division of Insurance coverage and Monetary Providers (DIFS) is reminding Michiganders to learn their insurance coverage insurance policies to verify they’ve the best protection for themselves and their households.
“March is a perfect time to learn your insurance coverage insurance policies and different paperwork to guarantee that your insurance coverage protection works for you and your loved ones. It is very important assessment your insurance policies earlier than a catastrophe happens so that you just don’t end up with out the protection you want or anticipated.”
DIFS Director Anita Fox
There are a number of insurances similar to householders insurance coverage, automotive insurance coverage, medical health insurance or life insurance coverage and every is part of each client’s life.
Understanding your insurance coverage insurance policies is the important thing to creating certain you’re protected and getting essentially the most from these important coverages.
- Auto Insurance coverage: Underneath Michigan’s new auto insurance coverage legislation, drivers might now select the extent of Private Damage Safety (PIP) medical and Bodily Damage Legal responsibility (BI) coverages that meets their wants and price range.
- It is very important guarantee that the BI and PIP medical ranges documented within the insurance coverage coverage are right and proceed to satisfy shoppers’ wants and budgets. Customers must also make sure that relations who choose out of or are excluded from PIP medical protection proceed to have the required well being protection In any other case, they could be left with out medical protection within the occasion of an auto accident. Extra data is on the market at Michigan.gov/AutoInsurance.
- Householders Insurance coverage: The spring flood and extreme climate season is sort of right here, and many owners have no idea that flood harm just isn’t lined by most traditional householders insurance coverage insurance policies.
- There are specific insurance coverage coverages, together with federal flood insurance coverage, that householders would want to buy to have protection for flooding or water and sewer back-up ensuing from storms or different pure disasters. Customers ought to contact their insurance coverage agent or firm to debate their protection wants.
- Well being Insurance coverage: Till Aug. 15, a particular enrollment interval for Market well being protection is open for Michiganders who have to buy or modify their medical health insurance. The American Rescue Plan, just lately signed into legislation by President Joe Biden, will increase and expands Market subsidies to assist shoppers afford well being protection.
- In some instances, these subsidies might present low- or no-cost protection for the entire 12 months. To assessment protection choices and subsidies, or to enroll, shoppers can go to the Well being Insurance coverage Market at HealthCare.gov or name the Market Name Middle at 800-318-2596 (TTY: 1-855-889-4325).
“When you discover one thing in your insurance coverage coverage that you just don’t perceive, you’ll be able to at all times attain out to DIFS,” stated Fox in a press launch. “DIFS is on the market to reply any insurance coverage questions you could have, and that can assist you resolve any considerations or complaints you might need.”
Instructional sources, pattern insurance coverage types, educational movies and a schedule of digital city corridor occasions can be found for Michiganders at Michigan.gov/DIFS. As well as, DIFS continues to function its devoted client hotline with calls being answered Monday by Friday from 8 a.m. to five p.m. Customers can name 877-999-6442 for help.
The mission of the Michigan Division of Insurance coverage and Monetary Providers is to make sure entry to secure and safe insurance coverage and monetary companies elementary for the chance, safety, and success of Michigan residents, whereas fostering financial progress and sustainability in each industries. As well as, the Division gives client safety, outreach, and monetary literacy and training companies to Michigan residents. For extra data, go to Michigan.gov/difs or comply with the Division on Fb, Twitter, or LinkedIn.
