The Wisconsin State Senate recently announced a reduction in the minimum limits required for car accident insurance in the state. Prior limits, established in 2009, included a $50,000 coverage level for accidents resulting in serious personal injury or the death of a single individual, $100,000 of coverage for multiple individuals meeting the same criteria, and $15,000 of coverage for property damages.
The new bill (AB 4) proposes reducing these limits back to the amounts established before 2009, including:
- $25,000 for bodily injury
- $50,000 for multiple individuals
- $10,000 for damage to property
While this reduction is designed to make coverage limits more affordable for individuals who might not be capable of paying the higher premiums, it also means that accidents resulting in bodily injury or death may exceed the lower limits very quickly, resulting in costs and penalties that the policy owner alone is held liable for paying.
If you have been seriously injured in a car accident, or if one of your loved ones has been killed in a fatal auto accident due to another party’s negligence or wrongdoing, the financial fallout can be devastating.
Obtaining the compensation you deserve is the most important step you can take in facilitating a proper recovery. Please contact the experienced auto accident and wrongful death attorneys at the Cochran Firm Wisconsin today to schedule your free case evaluation.
