Governor Ron DeSantis vetoed legislation Tuesday that would have changed the type of auto insurance drivers must carry in the state of Florida.
In the Governor's letter he wrote, “While the PIP system has flaws and Florida law regarding bad faith is deficient, CS/CS/ SB 54 does not adequately address the current issues facing Florida drivers and may have unintended consequences that would negatively impact both the market and consumers.”
Currently, the legal minimum insurance to register a vehicle in Florida is $10,000 in Personal Injury Protection, or PIP coverage, which is what pays the insured party's expenses (up to the limit of the insurance) regardless of who is at fault. For example, if someone were to get into an accident, their No-Fault coverage would pay $10,000 towards their personal recovery. Personal Injury Protection (PIP) pays 80% of the insured's medical bills, 60% of lost wages, and 100% of replacement services costs, which is any service needed because of a loss of ability caused by the accident. Personal Injury Protection also contains a $5,000 death benefit should the insured driver die because of injuries sustained in the accident; but note that PIP claims MUST be made within fourteen days of the accident. An important note about Personal Injury Protection is that it is not liability insurance, meaning that it benefits the insured party only. PIP coverage also follows the insured party throughout the state of Florida, whether driving an owned, borrowed, or rented vehicle.
If you have any questions regarding your auto insurance coverage, or are in need of a complimentary legal consultation, please do not hesitate to call our firm at (239) 461-5508.