Florida drivers: What will you be doing with your insurance now that no-fault is going away?

Florida drivers: What will you be doing with your insurance now that no-fault is going away?

I called my insurance company today (USAA) and found that since PIP will no longer be required, they won'-t be offering it. That means a lower premium for me, but less coverage. In response, I increased the limit on my medical coverage from $5000 to $10,000. (I mean the medical coverage on my auto insurance, not my health insurance at work.) Combined with a small increase in my uninsured motorist coverage, I'-m still saving about $85 over six months.Does this sound like the way to go?

la428282

Hey There,Im a claims adjuster in Florida and that sounds pretty good. 10k medpay will definately be a big help- but im hoping you have health insurance as well to fill in after that? 10k is very low if its your only coverage. however- in my opinion UM coverage is the most important coverage in the whole world.. i would consider more then a little increase in that.Think about it this way.. you know how many stupid drivers there are in florida w/o insurance...TONS. if you have a high UM coverage.. you are protecting yourself. That way you will never be without someone to go after for the intangibles ("pain and suffering") etc. Medpay only covers actual medical expenses... it doesnt cover anything above that if you get a permenant injury. UM covers anything BI would... BI is that nice big stash of cash that lawyers love to go after for injuries... b/c it includes things up above medical expenses.10k may seem like alot... but... man.. ive seen hits where someone just broke a foot or something... and they were up to 50k or so right there! UM can protect you from all this and put a little money in your pocket if the injury is permanent. Its a very selfish coverage haha... but sometimes you have to think about yourself and think about the worse case scenario you will be in.

Miss

You sound like you've got a plan there!I know, I'm so excited for October! Lots of my policyholders are going to be having some great decreases and I'm going to be talking all of them into getting at least 10k in Med Pay to make up for the loss of that coverage.You know, if you don't have Bodily Injury Liability right now, you might think to add it on since you're saving money! I know it's not required or anything, but I never give my customers any other options, haha.How exciting is this law change, eh? :)Source(s):I'm an Insurance Agent.

Ask

insurance

Popular Q&A

Should health insurance companies have the right to turn you down?
Should AUTO insurance companies have the right to turn you down?If you have no licence because you have six dui's and you've totalled 12 cars, should an auto insurance company be REQUIRED to take you?Should an auto insurance company be required to take you and pay a claim for the accident you...

When would be the most economical time to break my lease?
Did you have an accident? What the heck is your mechanic charging you a total of $1200 for maintenance? The 30,000 mile (36 month) maintenance http://smg.toyotapartsandservice.com/gui… is the same as any other 5,000 mile (6 month) maintenance - an oil/filter change and tire rotation (about...

How much does it cost to add a 16 year old female driver to an auto insurance policy?
On average a person pays 120-150$ per month. However there are many factors directly affecting cost insurance of your car , Which need to be addressed to give you true benefits. Car insurances can vary dramatically in price so read on to learn how to buy car insurance that is affordable for...

How do I sell and buy a car?
The rules are different in each state and country. Where are you? You need to look at your local DMV website.In California to sell a car:1.Seller needs to smog the car. The smog certificate is good for 90 days2.You need cars title. You need to sign the front of the title. That releases your...

How much does it cost to add a 16 year old female driver to an auto insurance policy?
On average a person pays 120-150$ per month. However there are many factors directly affecting cost insurance of your car , Which need to be addressed to give you true benefits. Car insurances can vary dramatically in price so read on to learn how to buy car insurance that is affordable for...