No fault Florida car insurance, pt. 4
- So what exactly are our legislators planning on doing with this? What are they going to do to fix up the no fault Florida car insurance system, if anything at all?
Well, while the legislators say that their plans for fixing the no fault Florida car insurance system are good, the actual car insurance companies have spoken. The say that even with the changes the lawmakers in Florida intend to make to the current laws, there will still be the same old same old of extremely high car insurance rates and a whole lot of fraud in that state. The lawmakers seem to think differently, and they say that they will make the costs of medical care go down by installing a fee system into the legislation. They are also wanting to set to the side five thousand dollars of the amount that car crash victims get in the ER of the Florida hospitals to go to doctors in the emergency room. They think that this will somehow make doctors more likely to want to work in the emergency room. I guess we’ll see.
- What if I live in Florida, but I don’t really live in Florida?
So, are you a snowbird? If you’re living in Florida for less than three months out of the year, then the only car insurance laws you will have to obey will be the ones from your own state. However, if you’re in the state for any longer than that, then you are required by law to submit to Florida state car insurance laws, and that means a change in your plan if you have out of state insurance, even if you’re only going to be in Florida for less than half of the year. Florida is different from a bunch of states in that residents there don’t have to buy things such as bodily injury liability. What that means for you is that if you get into a car accident and the other person caused it, but you don’t have any kind of personal injury protection, then you’re out of luck because you can’t sue. Whenever you go to Florida, then, it’s probably a good idea to stock up on extra coverage like underinsured uninsured motorist coverage that will protect you from the sparely insured residents of the state of Florida.
- What other states have no fault car insurance systems?
That’s a very good question. Of the fifty states in the union, twelve of them have no fault car insurance laws and the other thirty eight of them have tort car insurance laws. Even a lot of the tort ones require things like medical benefits from everybody’s auto insurance companies, though. If you look at all of the different states that have no fault car insurance, then you will come up against some very different results. Some, like Colorado, are doing pretty good and not seeing a whole lot of fraud. Others, like New York, are coming up against billions of dollars of car insurance fraud and falling into the red zone.
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