TBO.com - TBO is Tampa Bay Online

Take Questions To Insurers

ADVERTISEMENT

The Tampa Tribune

Published: October 6, 2007

Should I drop my PIP coverage between now and Jan. 1?

No. Under legislation the governor plans to sign, the state's no-fault law would still apply between now and then in a crash between two drivers who carry PIP coverage, which means the cost of treating your injuries will still be covered no matter who is at fault. Although PIP is no longer required, the vast majority of Florida drivers still carry the coverage.

If my policy comes up for renewal before Jan. 1, can I retain my PIP coverage?

It depends on your insurer. Some are no longer providing customers the option of buying PIP coverage at renewal. Instead, they are offering replacement coverage such as medical payments and bodily injury. This will temporarily increase the number of drivers with no PIP coverage.

What will happen if I crash with a driver who doesn't carry PIP coverage before Jan. 1?

Accidents will be handled under a fault-based system. Police and the courts will determine which party is at fault before insurance benefits are paid.

What's the best way to deal with auto insurance coverage between now and Jan. 1?

Call your auto insurer to discuss your existing coverage. Some are allowing customers to drop their PIP coverage, while others are not. Dropping PIP from your auto policy will reduce your premium, but be sure you have enough coverage to protect yourself and your assets in the event of an accident.

Where can I get more information?

Visit a Web site operated by state Chief Financial Officer Alex Sink's office, myfloridacfo.com.

Russell Ray

Share this:

Loading Comments...

Email Print

ADVERTISEMENT