Florida Auto Insurance Requirements Expiring
 Florida State reported that the personal injury protection law, known as no-fault law is set to expire October 1st, 2007 unless the Legislature passes a law to renew it. Personal Injury Protection (PIP) requirements compensate a loss up to $10,000 due to injury regardless of fault and applies to bodily injury to you and relatives residing in the same household and passengers who are not required to have Personal Injury Protection. PIP also protects you if you are injured as a pedestrian or bicyclist as long as the injury is caused by an accident with an automobile.If the no-fault law expired, Florida would be among two other US States not requiring bodily injury liability coverage, New Hampshire and Wisconsin; however, Florida State will still require property damage liability coverage which covers other property one would be liable for such as other vehicles. Currently an estimated 20 percent of Florida drivers have inadequate or no health insurance coverage which may result in unpaid medical bills if the no-fault law were to expire. State hospitals have joined Florida's Chief Financial Officer and Governor in requesting Legislature to renew the law. In the other hand, a Florida group for Lower Insurance Costs along with multiple auto insurance companies and trial and insurance attorneys appose the law. They state that the law should expire due to its lack of importance and highlight the fact that a majority of drivers already purchase medical liability coverage as an option.  The no-fault law is said to be feeding insurance fraud because it does not include limits as to how much can be charged for medical practices which is leading to higher insurance costs.Florida consumers are urged to purchase optional bodily injury liability coverage if the law were to expire in order to avoid uncovered medical costs. Bodily injury liability coverage can be quite inexpensive. Feel free to obtain free auto insurance quotes in Florida. |