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Personal Injury Protection (PIP) coverage
was first enacted in Florida in 1971. PIP is also
known as no-fault insurance, and it allows drivers and
passengers to obtain insurance benefits for medical
treatment and wage loss, regardless of negligence,
without going to court.Currently,
Florida motorists are required
to maintain auto insurance with at least $10,000 in PIP
coverage. In addition, Florida is one of
only two states that do not require drivers to maintain
bodily injury insurance coverage.
Typically, PIP covers 80% of medical costs and 60% of lost
Casualty Insurance
. Co., 584 So. 2d 12, 14 (Fla. 3d DCA 1991), a Florida appellate court held that “an offer to settle is not a prerequisite to the imposition of liability for an insurer’s bad faith refusal to settle, but is merely one factor to be considered.” The Court explained “[w]here liability is clear, and injuries so serious that a judgment in excess of the policy limits is likely, an insurer has an affirmative duty to initiate settlement negotiations.” From its name, a lawsuit for third-party bad faith where the claimant never offered to settle at or below the applicable coverage limits became known as a “
If the bill is signed by Gov. Ron DeSantis, the requirement for carrying so-called PIP coverage would end and motorists would need to have bodily-injury coverage.
Florida motorists are one step closer to no longer having “no fault” auto insurance, after lawmakers Friday approved ditching the decades-old system and its requirement of carrying personal-injury protection coverage.
The House and Senate signed off on a heavily negotiated bill (SB 54) in the closing hours of the 2021 legislative session. If the bill is signed by Gov. Ron DeSantis, the requirement for carrying so-called PIP coverage would end and motorists would need to have bodily-injury coverage.
If the bill is signed by Gov. Ron DeSantis, the requirement for carrying so-called PIP coverage would end and motorists would need to have bodily-injury coverage.
Some Democrats also blasted the provision in the legislation that slowly increases the cap on Citizens’ annual rate hikes from 10% to 15% and argued that many of the insurance industry’s problems are self-inflicted.
“I’m very troubled by the fact that in this bill we are going to allow Citizens insurance to raise the rates; there is no sugar coating this,” said Sen. Annette Taddeo, D-Miami.
Boyd agreed to an amendment removing a provision in his bill involving roof repairs that was particularly troubling for some consumer advocates. Boyd’s bill originally allowed insurers to sell policies that shift some replacement costs for older roofs to homeowners.