Thursday, December 27, 2007

PIP Insurance returns to Florida

Florida will once again require drivers to carry personal injury protection (PIP) insurance effective January 1st, 2008.

As part of the legislation, insurance companies must notify policyholders how the mandatory restoration of PIP/no-fault will impact them.

If a policyholder fails to maintain PIP coverage, the law requires your insurance carrier to cancel your policy and inform the Department of Highway Safety and Motor Vehicles.

Florida DHSMV may then suspend the policyholder's driver license and vehicle registration.

After the law changed in October, some people chose not to keep personal injury protection insurance, but many opted to keep it. Be sure to check your policy to make sure you have PIP coverage.

http://www.myfloridacfo.com/NoFault/
http://www.nwfdailynews.com/article/10971

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