Auto Reform Archives - Kapnick Insurance Group

Feb 07

The Bare Minimum Could Leave You Bare

By Kapnick Insurance Group Auto Reform, Personal Insurance

We all know car insurance is essential. However, in an effort to save money, some people opt for the bare minimum coverage. Unfortunately, this decision can lead to significant financial risks if you're involved in an accident. Understanding the risks of minimum car insurance is crucial to making smarter choices for your protection.

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Jun 05

Understanding Michigan No-Fault Reform: Key Changes and Coverage Priorities

By Kapnick Insurance Group Auto Reform

Keeping up with Michigan's No-Fault Reform can feel overwhelming, but understanding the changes is crucial to ensuring proper coverage. In this guide, we’ll break down how benefits are prioritized under the reform and what you need to know about Personal Injury Protection (PIP) and Bodily Injury (BI) updates. What’s Changing in Michigan No-Fault Reform? Personal Injury Protection (PIP): PIP coverage is transitioning to tiered levels, giving drivers the flexibility to choose the coverage that fits their needs. Options include: Unlimited (current level under existing law) $500,000 $250,000 $50,000 (Medicaid required) PIP Exclusion/Opt-out (Medicare A&B required or qualified health coverage for…

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Apr 28

Michigan No-Fault Reform: Employer Considerations

By Kapnick Insurance Group Auto Reform

The Michigan no-fault reform brings significant changes for both employees and employers. With drivers now able to select lower PIP (personal injury protection) limits, the Michigan no-fault reform impact includes a greater reliance on employer-sponsored health coverage. This shift has important implications for health plan costs and coverage gaps.

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Apr 24

No-Fault Reform Update: Why Elect Higher Limits and Purchase an Umbrella Policy?

By Kapnick Insurance Group Auto Reform

The Michigan no-fault auto insurance reform can feel overwhelming. It’s hard to know what coverage you need or how much it will cost. This guide explains why we recommend higher limits and an umbrella policy to protect your family and assets.

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Apr 08

No-Fault Reform Update: Cost Savings and the MCCA Fee

By Kapnick Insurance Group Auto Reform

We understand that Michigan no-fault insurance reform can be confusing, leaving you uncertain about the coverage you need or how much it will cost. We're here to help.

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Mar 03

No-Fault Reform Update

No-Fault Reform Update

By Kapnick Insurance Group Auto Reform

We understand the no-fault reform can be confusing, and its unclear what coverage you need, or how much it’ll cost. We can help...

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Feb 17

Self-Funded vs. Fully Insured Plans

No-Fault Reform Update: Self-Funded vs. Fully Insured Plans

By Kapnick Insurance Group Auto Reform

We understand the no-fault insurance reform can be confusing, which is why we're dedicated to advising our clients on their options. We've created two white papers on the topic of no-fault reform and benefits plans, one for organizations with fully insured plans and one for organizations with self-funded plans.

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