Jaclyn Yared of Grand Rapids on No-Fault Insurance

Since October 1, 1973, the state of Michigan has been considered a no-fault insurance state, meaning that residents who are involved in automobile accidents are no longer assigned blame for causing said accident. Instead, both parties are held equally accountable and compensated by their own insurance policies. Furthermore, no-fault auto insurance removes the ability for each party to sue the other unless their injuries and damages exceed a specified level.

Although this system was enacted to ultimately lower the cost of auto insurance, recent updates to the law — which were signed into effect on May 30, 2019 — have already had deleterious impacts on survivors of catastrophic automobile accidents.

For instance, individuals who would have been previously covered by unlimited medical benefits are now incentivized to put a cap on the amount of financial support they receive in the event of an accident, as doing such is advertised as providing a decent discount on their overall premiums. However, very few Michigan residents have found this change especially meaningful, as it only impacts the No-Fault PIP portion of their bill, rather than the bill in its entirety.

Furthermore, residents’ frustrations have only mounted since it was revealed that car insurance companies would receive even greater financial rewards, as they are now able to avoid lowering customers’ premium rates to preserve their capital. This continued show of favor toward major auto insurance companies continues to leave residents in the dark, especially as it relates to these companies’ profit margins.

On September 25, Jaclyn Yared and her Grand Rapids-based organization, Transitional Rehabilitation Services, attended a rally in Lansing to show support for the Michigan residents who are the most greatly impacted by these changes in legislature.

Alongside thousands of other attendees and several speakers, Jaclyn and her team shed light on the fact that life-saving healthcare was ultimately being withheld from those who needed it the most, especially after catastrophic incidents. Ultimately, the crowd hopes their cries for improved catastrophic coverage will be able to bridge this gap and ensure greater quality of life.

Jaclyn Yared of Grand Rapids, Michigan, is a seasoned expert in the realms of business leadership, brain injury, and vocational therapy. A graduate of Grand Valley State University, Jaclyn holds a Bachelor of Science degree in Psychology and Behavioral Science, as well as several professional certifications. Through her organization, Transitional Rehabilitation Services, Jaclyn Yared and her team are dedicated to helping survivors of traumatic brain and spinal cord injuries regain their independence and, ultimately, rejoin the workforce. To learn more about Jaclyn Yared of Grand Rapids, be sure to visit her website.