Michigan Governor Gretchen Whitmer announced that nearly a third of eligible Michiganders have already received their $400 auto refund checks from the Michigan Catastrophic Claims Association (MCCA) catastrophic fund surplus.
According to data gathered by the Michigan Department of Insurance and Financial Services (DIFS), more than $906 million of the total $3 billion in surplus funds has been returned to Michigan drivers. Auto insurers have until May 9 to deliver the remaining $2.1 billion via checks or deposit to eligible drivers.
As a result of the cost controls, consumer protections, and other savings put into place by the state’s new bipartisan auto insurance law, the MCCA catastrophic fund had a $5 billion surplus as of June 2021.
To be eligible for a refund, Michiganders must have had a car, motorcycle, or RV that was insured to drive legally on Michigan roads as of 11:59 p.m. Oct. 31, 2021. The refunds are $400 per vehicle or $80 per historic vehicle and must be sent in the form of a paper check or an ACH deposit no later than May 9, 2022. Consumers do not need to do anything to receive their refund but they may wish to verify their address or banking information with their insurance company to prevent delays.
Eligible consumers who do not receive their refunds by the deadline should contact their auto insurer or agent. If consumers have questions or concerns that cannot be resolved directly with their insurer, they should contact DIFS by calling Monday through Friday 8 a.m. to 5 p.m. at 833-ASK-DIFS (833-275-3437) or by emailing autoinsurance@michigan.gov. More information is available at Michigan.gov/MCCArefund.
Source: Michigan DIFS
Topics Auto
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