Re:Possible demise of No-fault car insurance in Florida.
the PIP people in my office are running around scared, they may be out of jobs...
this is a good thing for responsible people albeit what that article says. It is basically going to end up where people will have to carry 3rd party bodily injury liabilty coverage, which if you have more than a penny to your name you already have. So this will lower those peopele's insurance, which includes most of us.
So if it runs out the people who drive around with just the minimum state limits are going to have to fork over more to carry BI, which is the way it should be anyway. Most states don't have PIP because of this. For instance when you buy insurance you now have to pay for pip and you choose to carry BI so if you do whack someone, the ins co gets sued not you. All this does is take the pip away making it that all people will carry bi. This means the lower end of the people who cause the most accidents anyway, and are improperly insured will have to pay more, which is the way it should be.
It hurts people with out health insurance cause basically if they are at fault for a car accident and have no pip or no health insurance, they have to pay their own bills. Not a problem, if everyone were properly insured there would be no problems. Not to mention how many pip scams happen each year making the insurance we all pay go up to pay for the sleazy attorneys and their fraudulent claims.
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