Some Florida insurance news-
For Florida drivers, a new era is here.Don't you appreciate how insurance companies want to save us money. Now if Allstate would stop asking for hikes in homeowner's insurance rates.
After 36 years with a no-fault auto insurance system -- where most medical expenses for accident victims are paid up front without deciding which driver caused the accident -- the law expired at 12:01 a.m. Monday.
That means all accidents -- even a small fender bender -- could end up in court to determine who caused it.
But how long no-fault law will be gone is an open question. Monday afternoon, Gov. Charlie Crist announced that no-fault would be added to this week's 10-day special session that begins Wednesday.
For now, drivers will no longer be required to buy $10,000 of personal injury protection, or PIP. Property damage coverage will still be needed to register a vehicle in Florida. But the mechanism to enforce this requirement will die with the no-fault law.
Several major insurers, including Allstate and State Farm, contend PIP isn't needed if drivers already have health insurance. That way consumers could save some $200 on auto insurance costs.
BTW if automobile injuries will now be covered through health insurance, wouldn't those premiums be expected to increase? The money has to come from somewhere.
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