If you are a Michigan motorist and owned a insured vehicle from January 1st, 2021, to October 31st, 2021, you qualify for a $400 refund!
The insurance industry has a nonprofit corporation called the Michigan Catastrophic Association that will be issuing the check. The reason for the refund is the current Governor Whitmer requested the refunds due to the $5 billion surplus in the fund. The Governor and the Department of Insurance and Financial Services set a May 9th, 2021, deadline for the refunds. In addition, the state insurance agency has set up a website to help answer questions people may have.
Reasons For The $400 Insurance Refund
The main driving force behind the refunds is legislation that the Governor signed in 2019. This legislation is designed to help lower auto insurance premiums in Michigan considering they are some of the highest in the country. There are some negative opinions of this. Some believe that removing or reducing the fund could lead to injured motorists not getting the medical care they need.
When it comes to auto insurance refunds or coverage, make sure to contact the experts at GBK Insurance. We can fully explain and answer any questions about the coming refund. In addition, we can help you get the right policy to any vehicle you may own. With winter weather upon us, make sure you are properly insured. Towing packages and the right auto insurance policy is a must this time of year.
Do Not Ignore Your Recalls On Vehicles
Some advice we like to give all our customers at GBK Insurance, is to not ignore your automotive recalls. Recalls are a common practice with auto makers. Usually, a recall is for a safety issue or manufacturer related. If you would choose to ignore them, it may put you and your passenger's safety at risk. Make sure when you get a recall notice to schedule the repair with your dealer as soon as possible!