Mich. Comp. Laws § 500.1611
Exclusions.
Michigan · Michigan Compiled Laws — THE INSURANCE CODE OF 1956 (Act 218 of 1956) · Status: effective
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- Mich. Comp. Laws § 500.1611, Exclusions, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1367531
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Full text
(1) Creditor-placed insurance coverage does not include any of the following:
(a) Coverage for the cost of repossession.
(b) Skip, confiscation, and conversion coverage.
(c) Coverage for payment of mechanics' or other liens that do not arise from a covered loss occurrence.
(d) Coverage that requires a debtor's insurance deductible to be less than $250.00.
(e) Coverage that is broader than the insurance coverages that meet the minimum insurance requirements of the credit agreement.
(2) This section does not prohibit the issuance of a separate policy or endorsement providing the coverages listed in subsection (1). However, no charge shall be passed along to the debtor for these coverages.