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After Oct. 1, 2007 Florida car drivers will no longer be required to carry PIP (No-Fault) car insurance and possibly no insurance at all. That’s the consequence of lawmakers’ inaction during the regular legislative session that ended two weeks ago. Can you imagine being able to drive a car in the state of Florida without any – zero – insurance coverage. It’s crazy and ridiculous. The Florida legislature should be ashamed of itself for being duped once again by BIG INSURANCE!

Florida’s no-fault car insurance law, currently requires drivers to buy a minimum of $10,000 in personal injury protection, or PIP, and $10,000 in property damage liability. If there is a car accident now, the law provides $10,000 in medical expenses and lost wages. PIP pays for 80 percent of medical bills up to $10,000 per driver and each passenger in a car involved in an accident. The PIP coverage also provides lost wages and death benefits. Property damage insurance covers damage to another person’s home, car, or other property because of an accident. However, the law requiring PIP coverage in Florida is going to expire because lawmakers failed to extend it or replace it with another insurance requirement. Beacuse of how the property damage liability coverage is joined with PIP in Section 627.7275, Florida Statutes, it is also possible that the property damage requirement will expire as well.

Everyone in the auto insurance market right now is trying to figure out the impact on drivers, agents and insurers after no-fault expires. Many fear that because it won’t be required drivers simply won’t purchase any insurance coverage. Insurance companies like State Farm and Allstate, have lobbied hard to convince lawmakers that PIP is expensive and unneeded coverage. But responsible drivers who will buy the coverage anyway will end up paying far more for auto insurance as they add more coverage to protect themselves against uninsured drivers.

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