Our team at Boer Insurance Group is happy to share some good news with you, which you may have seen in local media. It was recently announced that the board of the Michigan Catastrophic Claims Association (MCCA) voted to refund a portion of the fund’s $5 billion surplus to Michigan drivers.
The MCCA is a non-profit association that pays for severe auto injury claims once they reach a certain dollar threshold. It’s funded by fees included in auto insurance policies, which are collected by insurance companies and remitted to the association. Due to changes made to the auto insurance law in 2020, the MCCA has excess funds and will return some of the surplus to drivers.
The refund will be the same regardless of which insurance company you use as it will be determined by the MCCA (not your insurance company).
Details are not yet available on the amount or timing of the refunds, but we will notify you as soon as we learn more.
We are glad to bring this to your attention and wish you a wonderful upcoming holiday season!