Changes to an existing law raises the minimum mandatory coverage for automobile liability insurance. Coverage amounts for bodily injury or death to any one person is increased from $20,000 to $25,000; bodily injury or death to more than one person from $40,000 to $50,000; and injury or destruction of property of others from $15,000 to $20,000.
Another law increases the amount of damages necessary for binding arbitration in uninsured motorist and hit-and-run motor vehicle cases. Currently, arbitrator’s decisions are only binding for damages not exceeding $50,000 for bodily injury or death of any person and $100,000 for bodily injury or death of two more persons. For damages not reaching that threshold, an insurance carrier can require an insured to reject the arbitration and file a complaint in circuit court for the same issues. This legislation increased those limits to $75,000 for bodily injury/ death of one person and $150,000 for bodily injury/death of two persons.