Hello everyone, I am a new agent in MI and I am a little confused about the benefits of Uninsured Motorist coverage when related to minimum liability only coverage.
So I understand that the purpose of UM is to provide medical coverage that would normally be paid from the liability portion of the other (at fault) uninsured person.
With Michigan being a no fault state with PIP benefits uncapped, why would someone pay extra for Uninsured Motorist coverage? Isn't the insurance company on the hook for any medical costs already?
Source of insurance-forums.net
So I understand that the purpose of UM is to provide medical coverage that would normally be paid from the liability portion of the other (at fault) uninsured person.
With Michigan being a no fault state with PIP benefits uncapped, why would someone pay extra for Uninsured Motorist coverage? Isn't the insurance company on the hook for any medical costs already?
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