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PIP Becomes Law Again Jan. 1

December 27th, 2007 by flanews

The requirement for drivers to carry personal injury protection insurance, or PIP, will once again become law on the first of the year.� But as Chris Casquejo tells us, most of you will probably not notice any big changes.

Hear it here: PIP Becomes Law Again Jan. 1

Some 700 accidents happen on Florida roads every day.� And some predicted mass confusion when the state�s no-fault auto insurance law to cover medical expenses expired October 1st.� But insurance agent Corey Tyre said very few customers were affected, just those who renewed policies in the past three months.

�There were those carriers who removed PIP from the policies for people that renewed after October 1st,” he said.� “Just understand that on January 1st, PIP is going to be automatically added to your policy, which will create an additional premium.�

If you canceled PIP after October 1st, and don�t pick up the coverage again on January 1st, you risk losing your driver�s license.� And you could pay anywhere from $150 to $500 to get it back.

The Department of Highway Safety and Motor Vehicles says law enforcement will be asking for proof of insurance if you are pulled over.� But that�s not all.

�Their insurance carrier is also supposed to inform us should they not have it or they let it lapse,” said Ann Nucatola with the Florida DHSMV.� “And then that�s a fiscal responsibility issue.� And we are going to take action, which is to suspend a license and registration.�

If you�re not sure about your coverage, you have a couple of days to call your agent before PIP once again becomes law.

Chief Financial Officer Alex Sink has set up a consumer help line, (877) 693-5236, to handle questions.� Or you can find out more on the web at www.myfloridacfo.com/NoFault

Posted in Insurance, State News | 39 Comments »

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