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WI Auto insurance coverage changes on the horizon

Posted On Mon, October 31, 2011

A recent report from an insurance broker noted that drivers from Wisconsin may need to check with their auto insurance company in order to find out how a new law will affect their plans.

The new laws will go into affect at the start of November, and will get rid of a previously required minimum level of auto insurance coverage. However, not all people think that this is a good plan.

"Those amounts are paltry and will leave consumers’ personal assets at risk," said Charles Hausmann, attorney and president of Hausmann-McNally S.C., in a statement after the law was initially passed. "Where does the money come from if the insurance coverage is inadequate? It comes from the personal money and resources of the individual who bought the "cheap" insurance."

If the funds aren't there, or there is a bankruptcy filing, the person who is hurt is victimized further, Hausmann added.

Consumers who live in the state of Wisconsin and are not happy with the current law change may want to examine options for auto insurance rates online, as finding a better policy may make the change easier.

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