Goodbye PIP?

     With all the talk about reforming and fixing the property insurance problem in Florida, the expiration of PIP has gone pretty much un noticed. As of 10/1/07 Florida’s PIP law is going to expire unless the state re-authorizes it or amends it. What does that mean for the average consumer? Right now PIP covers the first $10,000 of  medical payments for you in an accident,(this is the no fault part that is usually misinterperted).

    Without PIP drivers will not be required to carry any insurance to drive in Florida.(Sounds crazy but its true). That will mean the disappearance of any no fault provision and no medical coverage at all for those who can’t afford it.

   Lawyers and adjusters are bracing for the on slaught of lawsuits that will arise out of this big change. The insurance companies are starting to formulate an explanation of the law change that will be given to customers if the law changes.

    I would advise anyone with a car to consult their agent to discuss the ramifications of driving bare. PIP may disappear but the cost of Liability, Med Pay, and Uniinsured Motorists may sky rocket to keep pace with the mass of uninsured drivers that will be added to the roadways.

   Keep an eye on the newspapers and media as this possible big change is approaching. This will effect everyone in Florida if it happens.