Source: Florida Phoenix
Florida’s no-fault automobile insurance laws would be junked and replaced with a fault-based system under a bill overwhelmingly approved by a House panel Thursday morning.
Insurance industry and medical lobbyists oppose the bill, HB 1181 arguing the change in law would increase automobile insurance costs for so-called “street legal” drivers, or those who carry the minimum coverage required by law. The increases could cause some to drop coverage, meaning more uninsured drivers and more strain on Florida’s health care delivery system.
Florida drivers are required to carry $10,000 in PIP coverage plus $10,000 in property damage liability insurance. Those are minimum requirements and drivers can purchase additional coverage. According to the Department of Highway Safety and Motor Vehicles, just under 6% of drivers on Florida roads were uninsured as of February.
HB 1181 would drop the PIP mandate and increase the minimum bodily injury liability coverage limits from $10,000 per person and $20,000 per incident to $25,000 per person and $50,000 per incident.
WHO SHOULD I CALL?
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