www johnson insurance com

www johnson insurance com
What is Florida no fault insurance? What exactly is no fault insurance in the first place? Where is it available and what are its advantages and disadvantages? If you life in FL and have questions about how the Florida no fault car insurance laws really work or if you live in any one of the twelve states that use a no fault system, knowing the answers to these questions will help you understand how your car insurance policy works. Read on to learn some of the basics of no fault car insurance in Florida and in other states.

WHAT is not the fault insurance?

Under "pure" no fault insurance Each driver would be entirely of his own car insurance (up to its policy limit), and the driver would be from another driver complaining, regardless of the severity of the accident, the injuries incurred and if a death involved.

However, no state uses "pure" no fault insurance. In general, no error is a car in which both drivers have insurance for their own protection, and their ability to sue the other driver for damages, shall be governed by certain restrictions. States impose these limitations by determining which cases are permitted to go to litigation.

Under this system, motorists May Sue for severe injuries and pain and suffering. Some states MI, NJ, NY, PA and a verbal threshold, where the severity of injuries in terms of verbal (verbal threshold). Other states with a threshold, a set dollar amount in medical bills and lost wages that must be met before a motorist in May sue for damages. Insurers generally favor laws, for a verbal threshold to fit instead of a US-dollar threshold. Setting Goals dollars for medical expenses, the submission of fraudulent claims in the pursuit of the dollar amount, whether the cost is justified or not.

Why No-Fault Insurance?

The desire for a new deal with auto insurance claims grew from a dissatisfaction with the manner in which insurance claims were. This dissatisfaction was not only on the part of the car-buying insurance, but also the companies and marketing agencies car insurance and state regulation of civil servants is. The exhibition focuses on the often expensive and time consuming process of determining who was at fault in the accident and who is legally and financially responsible.

The delays in establishing liability, legislation to be introduced in many countries in the 1970s, allows the victim to financial losses such as medical and hospital and loss of income from their own insurance. This was a forerunner of today's no fault insurance.

The concept of no fault insurance was first widely introduced to the public in the early 1900's. The two main tenants, the waste, injustice, and lengthy delays in the liability, and providing affordable insurance to cover medical care and rehabilitation costs had a complaint to the population. However, the process that put into service to save costs for insurance no fault was anything but appealing to the voters. A pay-to-the-pump initiative was seen as an opportunity cost for no fault insurance by levying a tax on gasoline sales. In each state in which the initiative was considered the plan for the gas tax to finance no error was defeated. Legislators in many ways was even at the level of the Congress, but never to a vote.

NO FAULT HOW DOES WORK?

The "no fault" part of the insurance is usually called PIP, personal injury protection, or it is sometimes referred to as OBEL, optional basic economic loss. Various state PIP on various aspects related to assault. In general, the coverage in connection with medical expenses, loss of wages and compensation for loss of services, because a car accident. Funeral and death are usually covered.

States, the No Fault insurance periods LEGISLATION

MI, NJ, NY, PA, HI, KS, KY, MASS, MI, ND, UT, and DC and Puerto Rico have a no fault insurance system Florida's no fault insurance expired Oct. 1, 2007 but re-enacted was in January 2008. However, if the system is re-instated, important reforms to curb fraud added. These were due to the large on a letter from Chief Financial Officer Alex Sink in July 2007 the Governor and state officials. In this letter stated that more than 3,000 PIP fraud complaints about over the past twelve months and 329 cases were reported with 225 convictions obtained. Under the old system, unscrupulous lawyers and medical clinics could be the cost of smaller accidents.

The following states had no insurance in debt at one place, time and the suspension of IT, with the exception of Pennsylvania, which repealed and then reenacted them there.

Nevada: - effective 1974 - repealed 1980
Pennsylvania: - effective 1976 - repealed 1984 - reenacted 1990
Georgia: - effective 1975 - repealed 1991
Connecticut: - effective 1973 - repealed 1993
Colorado: - effective 1974 - repealed 2002

What are the benefits of NO FAULT insurance?

No fault, to reduce regulatory and administrative costs associated with insurance claims and premium costs. Also, the long delays associated with determining which party is at fault and the haggling between the insurers, who is financially responsible abolished. This plan also ensures that no matter who is responsible for an accident, each party will continue its policy limit.

Critics of the NO FAULT INSURANCE

Critics point out that this insurance system performs some of the highest insurance premiums in the nation. The liability issues that still remain intact actually drive premium costs. States with no fault insurance therefore carry the highest incidence of fraud and abuse.Another criticism of no fault insurance is that reckless or negligent drivers are not punished because many cases do not go to trial and these drivers may continue to drive irresponsibly.

No Fault AUTO INSURANCE QUOTES

Whether you are in a state without the fault or not - it is always a good plan to compare and compare car insurance offers at least once every 6 months to ensure that you are the best offer.

Get started shopping around for car insurance today!