Michigan HB5888 revises the required limits for automobile liability insurance, adjusting coverage amounts and procedures for policyholders.
Michigan HB5888 amends the required limits for automobile liability insurance, setting new minimum coverage amounts for bodily injury and property damage. For policies issued before July 1, 2027, the minimum coverage for bodily injury to one person is $250,000, and for two or more persons, it is $500,000. After June 30, 2027, these limits decrease to $25,000 and $50,000, respectively.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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