No-Fault Auto Insurance Repeal In Florida: How Will It Affect You
If you’re a Cooper City resident and you drive a car, don’t be surprised if your auto insurance company increases premiums all of a sudden.
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January 18, 2018

Auto insurance premiums could soar in Cooper City and all across Florida in the coming months, as the no-fault auto insurance repeal advances in Senate, our car accident attorneys warn.

If you’re a Cooper City resident and you drive a car, don’t be surprised if your auto insurance company increases premiums all of a sudden. Lawmakers recently cleared a bill that would repeal Florida’s no-fault auto insurance system, which has been around since the late 1970s.

The move comes as Florida lawmakers attempt to require all vehicle owners in the state to buy bodily injury coverage. While carrying some amount of bodily injury liability coverage is a normal practice in the U.S., where all states but two, including Florida, require vehicle owners to buy this type of liability coverage, Florida’s motorists are unfamiliar with America’s standard coverage.

The no-fault auto insurance repeal would greatly affect auto insurance companies in Florida, including in Cooper City, and would most likely result in increased premiums and a larger number of car accident lawsuits, our Cooper City car accident attorneys at Law Offices of Bradley Hartman predict.

What does the no-fault auto insurance repeal mean?

If the bill is passed into law, motorists in Florida would no longer be able to carry the personal injury protection (PIP) policy, which allows all those involved in car accidents to obtain up to $10,000 in emergency medical care compensation for themselves and other occupants in their vehicle at the time of the collision regardless of who was at fault and caused the accident.

If the bill is signed into law and repeals the no-fault auto insurance system, all motorists in Cooper City and across Florida would be legally required to carry liability coverage that would provide a certain amount of funds in medical care for other victims of a car accident when the policyholder is responsible for the accident.

Many argue that carrying at least some amount of bodily injury liability coverage allows protecting those who sustain injuries due to the negligent or reckless actions of other car drivers.

Others say that the no-fault auto insurance repeal is long overdue and it’s only a matter of time until the new car insurance system takes effect in Cooper City and all across the state.

How will the repeat affect you and all Cooper City residents?

Under the current no-fault auto insurance system, vehicle owners in Florida are not required to buy liability coverage unless they are responsible for causing a car accident or have traffic offenses or convictions on their record.

Although the current system ensures funding of medical care for anyone injured in a road accident regardless of who was at fault for the accident, hundreds of thousands of Florida vehicle owners have been complaining about the system for decades.

Fact: under the current system, the average annual auto insurance premiums in Cooper City total over $2,000.

One of the most common complaints is that motorists, who were victims of car accidents, had to open multiple PIP claims because the at-fault drivers had no liability insurance.

The new system would help reduce the risk of encountering a motorist carrying no liability insurance, though it would not eliminate the risk altogether, our best car accident attorneys in Cooper City warn.

For now, the repeal bill has its flaws and imperfections, as lawmakers are trying to learn from the past mistakes of other states who have been requiring their vehicle owners to buy bodily injury liability coverage for years.

Unfair insurance claim practices in Cooper City

But auto insurance premium increases is not the worst thing that can happen to a car driver in Cooper City, our car accident attorneys at Law Offices of Bradley Hartman warn.

Our lawyers explain: insurance companies tend to employ unfair and dishonest insurance claim practices in order to minimize the cost of settlements. But settling for less than your injuries are worth in medical bills, lost wages, lost capacity, and other damages could be life-threatening.

You deserve to be fairly compensated for your injuries and damages sustained in a car accident. That’s why it’s highly advised to hire a Cooper City car accident attorney to prevent insurance companies from employing unfair practices and to maximize the value of your car accident claim.

Consult our attorneys at Law Offices of Bradley Hartman to get a free initial consultation about your particular case. Call our Cooper City offices at 954-438-1000 or fill out this contact form.

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