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UPCOMING BIKER EVENTS
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Changes In Wisconsin Insurance Law
- Definition of Uninsured Motorist Coverage Changes Under New Liability Laws
- Reducing Clauses are Eliminated with New Insurance Laws
- Liability Insurance Limits Increase Starting January 1, 2010
- With Changes in Wisconsin Motor Vehicle Insurance Laws, Uninsured and Underinsured Coverage is Automatic
- Medical Payment Coverage Becomes Mandatory With New Insurance Laws
Reducing Clauses are Eliminated with New Insurance Laws
Under the 2009 changes to Wisconsin motor vehicle insurance law, reducing clauses in underinsured policies are eliminated. Historically, if your claim was worth more than the amount of insurance that the at fault driver had, you could make an underinsured motorist claim against your own insurance policy (provided that you had underinsured coverage at the time). However, insurance policies contained a provision called a reducing clause. Under the reducing clause, the amount that could be collected in an underinsured claim was reduced by any amounts recovered from any other insurance policy. Therefore, under the old law, if the at fault driver had a $100,000 liability policy, your underinsured policy was $100,000, the most you could collect was $100,000 because your $100,000 underinsured policy was reduced by the $100,000 you received from the at fault driver, eliminating your coverage.
Under the 2009 insurance law changes, all insurance policies issued on or after November 1, 2009 cannot contain an underinsured reducing clause. Therefore, under the previous example, you are now able to collect $200,000 for your injuries. Under the new law, the amount of underinsured coverage listed on your policy is the amount you can recover in addition to the at fault driver's liability insurance if you are seriously injured.
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Hupy and Abraham, S.C.
100 East Wisconsin Avenue
Suite 1110
Milwaukee, WI 53202
Phone: (414) 223-4800
Fax: (414) 271-3374
Toll Free: (800) 800-5678
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Madison Office
49 Kessel Court
Suite 107
Madison, WI 53711 USA
Phone: 608-277-7777
Fax: 608-274-1848
Toll Free: 888-277-4879
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Appleton Office
3945 West College Avenue
Appleton, WI 54914 USA
Phone: 920-882-8382
Fax: 920-750-5397
Toll Free: 877-321-HUPY 4879
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Bloomington Office
205 N. Main Street
Suite 302
Bloomington, IL 61701 USA
Phone: 309-862-4800
Fax: 309-454-6525
Toll Free: 866-532-4800
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Gurnee Office
501 North Riverside Drive
Suite 101
Gurnee, IL 60031 USA
Phone: 847-625-5500
Fax: 847-625-6318
Toll Free: 866-625-2299
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Rockford Office
Phone: 815-962-2800
Toll Free: 866-532-4800
Peoria Office
Phone: 309-691-8800
Toll Free: 866-532-4800
Decatur Office
Phone: 217-359-7800
Toll Free: 866-532-4800
Testimonials
- I am very happy with the outcome of my case and with Hupy & Abraham as a whole.
- Yvonne B - We sensed that Leah was in good hands after meeting you and seeing your effective courtroom manner, and you gave us confidence too.
- Ray & Ilene - I want to thank you for representing me after my motorcycle accident. It was a good feeling knowing someone such as yourself with Hupy & Abraham was working on my behalf.
- Jeanne L. - Thank you and God bless you all for what you have done for us. Your help has meant so much. Kathy Blick- Posted February 25, 2010
