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HB 2326 Changes Financial Responsibility Laws |
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HB 2326 has significantly changed Oregon's financial responsibility limit law increasing the minimum allowable property damage limit from $10,000 to $20,000. If you carry minimum limits, your policy will automatically reflect this new change. This change goes into effect on January 1, 2010. Oregon's Personal Injury Protection (PIP) statute was also changed with respect to the maximum recoverable wage limit which was increased from $1250 per month to $3000 per month. This is the amount you would receive in wage reinbursement (from your auto policy) if you are injured in a motor vehicle accident and unable to work while you recouperate. The full text of HB 2326 can be found here
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Last Updated on Monday, 23 November 2009 22:49 |
