No fault Florida car insurance
I wrote a few weeks back that no fault Florida car insurance laws were set to expire on October first if the state legislature didn’t move to renew the laws. The sun set on the legislation, as they say, because the legislature did not renew on Monday, so now all of you high performance car owners in Florida are going to have to readjust to a new tort system in your state. This will probably mean hire prices, so getting discounts and shopping around for the best tort car insurance company for your high performance vehicle are more important now than ever.
At this moment, the lawmakers in Florida are trying to get the legislation back up. However, we can’t be sure that when it comes back it will be the same as it was before. Speculation runs high that it will be something similar that will come back when the legislation is resurrected, probably something based around the personal injury protection coverage, but no one’s sure what, and there are plenty of people who are fighting against bringing no fault Florida car insurance back at all.
Right now, the lawmakers in Florida have come up with some sort of plan for what the world after no fault Florida car insurance law will look like, although all of us outsiders don’t get to see it yet. Next week they’ll be meeting to work on cutting down the state budget, and it’s expected that during that time they will also look into the no fault law and probably add it to be revised, cut, changed, and possibly voted on while they’re doing what they have to do.
However, a lot of questions are going to come now that the death toll has been wrong for the forty year old no fault Florida car insurance legislation. A lot of the people in the state have been buying no fault car insurance coverage for their entire lives, and they don’t understand the tort car insurance system. Are their car insurance policies now void? Do they have to get new ones? How will this new type of car insurance even work?
First of all, an overview of what no fault car insurance is. No fault car insurance requires that policy holders purchase personal injury protection, which pays for their injuries and loss of wages in a car insurance. It removes the place of fault in the discussion of car insurance claims, because regardless of who was at fault, policy holders would make injury and wage loss claims with their own car insurance companies. In a no fault system, another thing that is limited is the lawsuits for pain and suffering. In order to be able to file one of these, you had to have been injured very bad.
All of these provsions were meant to make car insurance premiums lower. In many states, like Colorado, they have. However, it looks like that isn’t an across the board kind of thing, because in its forty year no fault car insurance law history, Florida hasn’t seen such great results.
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