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Key takeaways. Personal injury protection (PIP) insurance is mandatory in Michigan. PIP can pay for medical bills, lost wages and other costs associated with auto accident injuries for you, your ...
Minimum insurance requirements: Drivers must carry at least a minimum of 50/100/10 liability insurance, Personal Injury Protection (PIP) and Property Protection Insurance (PPI). The state’s ...
General liability: This type of insurance covers lawsuits involving bodily injury or property damage. Professional liability: This insurance is sometimes called "errors and omissions coverage."
A principle of common law is that any new construction or other improvement to land becomes property of the owner of the land – the title holder – once there has been an "improvement" to the owner's site. Builder's risk insurance indemnifies against some of these particular losses.
The insurance premium a motor vehicle owner pays is usually determined by a variety of factors including the type of covered vehicle, marital status, credit score, whether the driver rents or owns a home, the age and gender of any covered drivers, their driving history, and the location where the vehicle is primarily driven and stored.
How to compare home insurance rates. While the core purpose of homeowners insurance is consistent regardless of the home insurance company you choose, every provider is unique in its policy ...
AMP and PIP limits range from $1,000 to $250,000 depending on the injury and the state, though many insurance providers have a relatively low limit of $5,000. A Michigan no-fault policy provides unlimited medical and rehabilitation benefits. [4]
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