65.1 F
Spring Hill
Friday, December 9, 2022
HomeUncategorizedCar insurance bill advances

Car insurance bill advances

- Advertisement -

A measure that would repeal Florida’s current No-Fault Motor Vehicle Law has been passed by the State Senate Committee on Banking and Insurance.

- Advertisement -

Introduced by State Sen. Danny Burgess, SB 54 would repeal the current law and require that drivers carry bodily injury (BI) liability coverage instead. BI liability insurance pays for injuries a driver causes to another if the driver is at-fault in the accident. Under the current law, drivers must carry personal injury protection (PIP) coverage. PIP  pays for injuries sustained in an accident regardless of who was at-fault in the accident.

SB 54 cleared the committee on Jan. 26 by a 10 to 2 margin.

If passed by the full State Senate the bill also enacts $25,000 in financial responsibility for bodily injury or death in any one crash, or up to $50,000 for bodily injury or death of two or more people in any one crash.

SB 54 also establishes a new framework to govern motor vehicle insurance bad faith claims, and authorizes a specifically named individual to be excluded from specified insurance coverages under a private passenger motor vehicle policy, with the written consent of the policyholder.

- Advertisement -

The measure remains pending.


- Advertisment -

Most Popular