Call Us (248) 347-3630 ☰ ˟
Manage Policy Refer A Friend
TDA Insurance & Financial LLC
(248) 347-3630
  • HOME
  • PRODUCTS
    • Automobile
    • Bonds
    • Business & Commercial
    • Contractors
    • Dental
    • Fitness Centers & Health Clubs
    • Flood
    • Group Health
    • Individual Health
    • Homeowners
    • Home Health Care
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Restaurant
    • Technology
    • Vision
    • Watercraft & Boat
  • CUSTOMER SERVICE
  • BLOG
  • PAYMENT
  • RESOURCES
    • Refer a Friend
    • Partners Page
    • Insurance Companies
    • Insurance Glossary
    • Charities
  • Michigan Auto Reform
    • Michigan Auto Reform
    • Special Circumstances
    • Motorcycle Rules
    • Medicare Opt Out
    • Health Insurance Opt Out
    • PIP Choice Options
    • PIP Choice Flow Chart
    • Forms
  • ABOUT
    • About Us
    • Our Locations
    • Walled Lake
    • Novi
    • Employee Directory
    • Privacy Policy
    • Testimonials
  • CONTACT
    • Contact Us
    • Join Our Newsletter
Home > Blog > General No Fault Reform Timeline
THURSDAY, APRIL 2, 2020

General No Fault Reform Timeline

carAlthough each Insurance Company will handle the No Fault Auto Reform Choice Election a little differently. We thought it would be important to brief you on what to expect in general.

60 - 90 Days Prior to your renewal

For renewal dates after 7/2/2020, you can expect to receive a letter or email communication from the insurance company. The communication will outline your choices and include 2 election forms. A Personal Injury Protection (PIP) Choice Form providing 6 Options and a Bodily Injury Liability Declination Form. These are the forms that must be reviewed, completed and returned with the required documentation based on the election you make.

50 - 75 Days Prior to your renewal

You will have approximately 2 weeks to make your choice and return your forms to the insurance company.

If you do not return your choice forms by the required deadline your renewal policy will be issued with the state required default limits of Unlimited PIP and $250,000 Per Person / $500,000 Per Occurrence Bodily Injury Liability Limit.

Keep in mind if you elect to opt out of PIP coverage because you have health insurance, it will be your responsibility to call your medical insurance company and request a letter that certifies that your medical plan is a Qualified Health Plan under the law. This letter will be required to be submitted along with your PIP Choice election form to be processed.

25 - 45 Days Prior to your renewal

The insurance company will issue and mail your renewal with the limits selected if the forms were returned by the required deadline or if not returned the renewal will be issued with the default limits.

At least 20 days in advance you should receive your renewal in the mail.

Mid-Term Change Options

For those whose auto policy recently renewed, and you want to make changes to your PIP and Bodily Injury limits early, you will have the option of contacting the company or our office and request that we do a mid-term change to your policy. If you elect to make a mid-term change, the insurance company will require the 2 election forms to be returned with your elections indicated.

One of the key things to remember throughout this whole process, is that if you do nothing you will retain your Unlimited PIP Benefits and at least $250k/$500k Bodily Injury Liability at a minimum. This will be appropriate for about 85% of our clients. We don’t feel for most people it will be worth $100-$200 to give up your unlimited benefits. The fact is that this coverage probably comes into play on a  very infrequent basis, but when there is a serious injury accident the unlimited benefits are worth every penny.

TDA is here for your all the way through the process, we want to make sure you make a fully educated decision and you understand the ramifications of any changes you elect to make. That’s our job as your Trusted Advisor. You can contact us at any time. Most of our carriers are standing by to help with your choice as well. 

Posted 2:32 PM

Tags: auto insurance, reform
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019
  • 2018

  • insurance(12)
  • dan diederich(8)
  • michigan(8)
  • employees(7)
  • auto insurance(7)
  • walled lake(4)
  • community(4)
  • tda insurance(3)
  • personal injury protection(3)
  • sherry diederich(3)
  • tda(2)
  • homeowners(2)
  • new team member(2)
  • insurance reform news(2)
  • chamber event(2)
  • auto insurance reform(2)
  • matt diederich(2)
  • homeowners insurance(2)
  • chamber of commerce(2)
  • happy birthday(2)
  • reform(2)
  • business insurance(2)
  • pip insurance(2)
  • covid-19(1)
  • michigan home insurance(1)
  • business(1)
  • liability exposure(1)
  • workers compensation(1)
  • csr24(1)
  • child fire safety(1)
  • life insurance(1)
  • oakland county epli coverage(1)
  • employment practices liability insurance novi(1)
  • self defense coverage(1)
  • personal umbrella policy(1)
  • halloween safety(1)
  • oakland county home insurance(1)
  • frozen pipes(1)
  • disability insurance(1)
  • local agent(1)
  • online business(1)
  • tda insurance chamber event(1)
  • gun insurance(1)
  • ice dam prevention(1)
  • presentation(1)
  • lakes area chamber(1)
  • employee lawsuits michigan(1)
  • dan dierderch(1)
  • safety tips(1)
  • burns(1)

View Mobile Version
Facebook
Twitter
Google
LinkedIn
Get Directions
Contact Us Today
Resources
Home
Products
Customer Service
Payment Options
News
About Us
Refer A Friend
Our Carriers
Blog
Contact Us
Contact us 246 Liberty St.
Walled Lake, MI 48390


BBB
Trusted Choice
© Copyright. All rights reserved. Powered by Insurance Website Builder.