On March 27, 2024, the Michigan Department of Insurance and Financial Services (DIFS) released Bulletin 2024-02-INS, updating the minimum dollar amount of the three-year claim history to be used for nonrenewal of a home insurance policy, effective on January 1, 2024.

The new minimum dollar amount for three paid claims within the immediately preceding three years totaling $4,000 or more, exclusive of weather-related claims, is $5,000.

The new minimum dollar amount for three paid claims within the immediately preceding three-years totaling $5,300 or more, including weather-related claims, is $6,600.

Please see Bulletin 2024-02-INS for more information. Any questions regarding the bulletin should be directed to:

Department of Insurance and Financial Services
Office of General Counsel
530 W. Allegan Street – 8th Floor
P.O. Box 30220
Lansing, Michigan 48909-7720
Toll Free: (877) 999-6442

Links:

Bulletin 2024-02-INS