Minnesota HF2494 modifies motor vehicle insurance provisions by raising uninsured and underinsured motorist coverage amounts, requiring motorcycle.

Minnesota HF2494 amends insurance regulations by increasing the minimum coverage limits for uninsured and underinsured motorist claims, now requiring $80,000 for traumatic brain injuries. Motorcycle insurance must also include uninsured and underinsured coverage. The bill establishes a traumatic brain injury recovery account funded by a surcharge on automobile insurance, intended to compensate those with traumatic brain injuries from accidents. It also sets timelines for arbitration processes for such claims.

Minnesota HF2494 modifies motor vehicle insurance provisions by raising uninsured and underinsured motorist coverage amounts, requiring motorcycle.

Minnesota HF2494 amends insurance regulations by increasing the minimum coverage limits for uninsured and underinsured motorist claims, now requiring $80,000 for traumatic brain injuries. Motorcycle insurance must also include uninsured and underinsured coverage. The bill establishes a traumatic brain injury recovery account funded by a surcharge on automobile insurance, intended to compensate those with traumatic brain injuries from accidents. It also sets timelines for arbitration processes for such claims.