Section 500.1611 - Exclusions(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.Add. 2002, Act 655, Eff. 3/23/2003 .