Monday, July 20, 2009

Insurance in WI changed by the State Budget

DID you know the WI legislature passed budget bill AB75 on 6-29-09. It contains many changes to the States AUTO Insurance law! Effective 1-1-2010: Allows "stacking" of limits for Uninsured Motorist (UM), Underinsured Motorist (UIM), and Medical Payments coverage up to 3 vehicles; UM & UIM coverage will be MANDATORY with minimum limits of 100/300 limits; minimum limits will rise to 50/100/15.

MANDATORY INSURANCE will start June 2010. Fines from $50 to $500 can be imposed if no insurance.

MEDICAL PAYMENTS coverage will change to $10,000 minimum.

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