No fault car insurance
Since Monday, people in Florida whose car insurance policies are up for renewal are going to be looking at a much cheaper bill this time around. While the Florida car insurance requirements were already pretty slim compared to most other states, requiring only property damage liability as well as personal injury protection, now that the no fault laws are no longer in place the personal injury protection will no longer be required, and so there is only one type of coverage that is actually required by Florida state car insurance law, a big difference from all of the other car insurance laws in other states that tend to stack on the coverage by the thousands.
Lawmakers had move slowly to renew the state’s no fault car insurance program for all of the reasons that I have stated previously, being that there was too much money being paid in car insurance and there were a lot of problems when it came to things such as fradulent claims with the help of the medical community and trial lawyers slipping through all of the loopholes for filing lawsuits based on the pain and suffering of the victim of the car insurance accident.
However, when the laws for no fault car insurance expired, the governor filed for a special session so that members of state’s legislature could devote a special time to looking at the state’s car insurance law and see what they could do and how they could get the compromise bill that they had brought up through and put into law. Not all of the lawmakers are in favor of the compromise, and so this could prove a problem for the people in Florida’s state legislature.
So what is going to happen if the lawmakers continue to put off and put of taking care of the problem of this type of coverage? Well, if they never address it then Florida will essentially have no auto insurance laws in state and it will become one of the other two states in the country who do not have any laws that regulate what kind of car insurance coverage a person who is driving needs to carry. The states that do not have any related laws are the state of Wisconsin and the state of New Hampshire. The special session would provide lawmakers with the time and the incentive to address an issue that they have already put off for over three years.
While residents of the state of Florida are still able to carry the personal injury protection coverage, many argue that taking the requirement away would inspire most residents to get rid of the coverage in order to save money. If they did this, then an undue burden would be placed on the hospitals in Florida, who at the moment recieve hundreds of millions of dollas every year from personal injury protection claims with car insurance companies. Almost half of the people under sixty five in the state of Florida do not carry any health insurance, so the hospitals would not be able to match these costs.
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