Date of Release: April 13, 2022
State: Michigan
Effective Date: July 1, 2022 — New and Renewal Business
Rate change
We’re revising Personal Auto rates for your policyholders as we continue to provide quality coverages. Overall, Michigan Personal Auto rates in most rating territories will see a small increase starting in July.
The effect of this rate change will vary based on the specific characteristics of the risk and the selected coverages. Quote Hastings Mutual every time and get the right rate for your risk.
Enhancements and updates to our Multi-Protection Guard Endorsement
Personal Auto policyholders who carry physical damage coverage on at least one vehicle will benefit from our free Multi-Protection Guard endorsement (MPGA060). Here’s a summary of the changes:
At a Glance: Multi-Protection Guard Coverage | |
Coverages | Effective 7/1/22 |
Key Replacement and Related Service Coverage | ü |
Child Restraint System Coverage | ü |
Personal Effects Coverage | ü |
Glass Breakage (no deductible for Glass Repairs) | ü |
Travel Interruption | ü |
Pet Injury Coverage | ü |
Pet Accidental Death Benefit | ü |
Rental Car | ü |
Auto Loan/Lease Gap (PP 03 35) | Stand Alone Coverage |
Full Safety Glass (PP 33 05) | Stand Alone Coverage |
Replacement Cost Coverage (PP 33 10) | Stand Alone Coverage |
Original Equipment Manufacturer Parts Coverage (PD 05 61) | Stand Alone Coverage |
New Vehicle Replacement Hybrid Upgrade | Removed |
Theft of GPS System | Removed |
Form updates to our Personal Auto program
We are excited to be updating over 40 additional endorsements to enhance Personal Auto program and provide quality coverages for your policyholder. We are including the following endorsements at no additional cost on every policy:
- Additional Resident of Your Household (PP 33 37)
- Limited Transportation Network Driver Coverage (No Passengers) (PP 23 45)
Joint Ownership (PP 03 34) can be added when another person is requested to be added as one of the titleholders for a vehicle for no additional cost.
Personal Injury Protection Coverage (PP 05 90 07 22) is being updated to the newest ISO edition date.
Your policyholders can learn more about our coverage on our customer-friendly Personal Auto information page.
Please contact your Personal Lines Underwriter with any questions. Your Territory Sales Manager will follow up with you with ideas for writing more business to help you get the most from these rate changes.
We will be having a webinar to cover all the personal auto changes in detail – watch your inbox for an invitation soon!
Thank you for your continued business.
This bulletin does not change the language of any policy. If there is a conflict between this bulletin and the policy language, the policy language will apply.