SF2952 Summary

• Increases basic economic loss benefits from $40,000 to $94,300 per person, including medical expenses from $20,000 to $62,900 and income/replacement services from $20,000 to $31,400.

• Raises weekly maximums for disability/income loss benefits from $250 to $600 per week and increases funeral/burial expense limits from $2,000 to $3,900.

• Increases residual liability insurance limits from $30,000/$60,000 to $78,600/$157,200 for bodily injury and from $10,000 to $31,400 for property damage; raises uninsured/underinsured motorist coverage limits from $25,000/$50,000 to $78,600/$157,200.

• Establishes automatic inflation adjustment mechanism effective January 1 of each odd-numbered year based on Consumer Price Index, with changes announced by September 30 of preceding year in $100 increments.

• Simplifies noneconomic damages threshold by eliminating the $4,000 threshold requirement and replacing "disability" language with "inability to engage in substantially all of the injured person's usual and customary daily activities for 60 days or more."