No-Fault’s sinking could mean higher prices, risks
Come October 1, auto insurance will no longer be required in Florida.
It is the consequence of the law allows Florida’s no-fault auto insurance law except force.
The objective of the end of no-fault, requires drivers to buy $ 10000 damage to cover health care costs was the reduction of widespread fraud through the program and the decline in rates ‘insurance. But PIP is the status of the other type of coverage mandatory car - damage liability.
The decline of IPP kill the mandate for the implementation of a minimum of $ 10000 coverage for property damage liability, after the State Department of Highway Safety & Motor Vehicles, the force is not right.
“Assurances are not be required for good driving,” said the spokesman for the Department of Julie Baker, even if the driver in an accident and did not need insurance by state insurance for some time.
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