The ‘warning’ nearly says it all about Sen. Virgil Smith’s ‘low-cost automobile insurance’ plan

Fails to mention how much consumers will save; no provision that medical benefits are provided on No Fault basis; no coverage if health or disability is available; can’t sue for medical expenses over $50,000; pain and suffering damages limited to $20,000; loss of right to a jury trial The “warning” nearly says it all about Sen. Virgil Smith (D-Detroit)’s proposed “low-cost automobile insurance” plan. Under Sen. Smith’s “low-cost automobile insurance pilot program,” which he introduced on April 22, 2015, in Senate Bill 288 (co-sponsored by Sen. Joe Hune (R-Fowlerville), auto insurance companies that provide low-cost policies must warn their low-cost insureds about what the policies do and don’t cover. In SB 288, this is called the “Warning” and it warns “low-cost” …