IN MIAMI, THE PERAZZO LAW FIRM SHARES LATEST INFO ON BILL 54 PIP REFORM
NO-FAULT INSURANCE (PIP) REFORM VETOED
Governor Ron DeSantis has brought relief to the insurance industry and its representatives after vetoing a bid to repeal Florida’s PIP auto insurance system through Bill 54, which many believe would have caused insurance rates to rise. The bill, which would have radically altered the current Personal Injury Protection (PIP) insurance system for motorists involved in car accidents, was set to replace PIP with Bodily Injury (BI) coverage and requirements. The aim of the bill was to also offer guidelines for handling bad-faith litigation when filing insurance claims for compensation after a car accident in which motorists or passengers suffer personal injury and require medical treatment. Fortunately for personal injury attorneys and medical providers, Governor DeSantis felt that the provisions were not enough to pass Bill 54 and revamp the current PIP system. DeSantis stated the following, “Senate Bill 54 does not adequately address the current issues facing Florida drivers and may have unintended consequences that would negatively impact both the market and consumers.” Though the decision comes as good news to some, insurance providers maintain that the reform measures fail to fully harness bad-faith maneuvers by personal injury lawyers when seeking compensation for their car accident victims, alleging that the claimant’s real losses are inaccurately calculated. In an email to Florida Record, Kyle Ulrich, president, and CEO of the Florida Association of Insurance Agents, stated the following, “there was too much uncertainty about the cost implications of SB 54, and its impacts on drivers in Florida who can least afford a premium increase.” Furthermore, a switch to mandatory BI from PIP would have potentially caused a dramatic rise in insurance premiums to Florida motorists carrying PIP, which would have ultimately led to many motor vehicle owners unable to afford any insurance at all. This would have led to an increase in uninsured motorists on Florida avenues, streets, and highways. This fact would have been terrible news for victims of car accidents unable to afford medical care to treat personal injury, without the possibility of filing an insurance claim against the driver at fault. In a nutshell, mandating that Florida motor vehicle owners spend more on insurance would have made no sense and would have led to many accident victims unable to receive medical treatment for injuries after a car accident. According to statistics provided by the PIFF, 20% of all Florida motor vehicle owners and operators do not carry auto insurance, with this being the result of an inability to afford the current insurance rates set by insurance providers and the insurance industry in Florida.
PERSONAL INJURY PROTECTION AND HOW IT WORKS
Carrying Personal Injury Protection, commonly known as PIP Insurance, is mandatory if you own or operate a motor vehicle in the state of Florida. Thus, it is vital you understand PIP and how it covers you. It’s absolutely vital that you have Personal Injury Protection (PIP) if you own or operate a motor vehicle in the state of Florida. You’ve likely heard of Personal Injury Protection, but you may be wondering if you need it. In this video we cover the basics of Personal Injury Protection; for example: it’s main features, what it generally covers, and why it’s so important for Florida motorists to have. Watch this video if you want information about PIP coverage. Check out this video today, and for more info, visit: https://www.perazzolaw.com/insurance-
FREE INITIAL CONSULTATION AND ZERO-OUT-OF-POCKET COSTS TO CLIENTS VIDEO TRANSCRIPT
In Miami, the Perazzo Law Firm informs Florida residents that PIP insurance, as well as PD, are mandatory for registered vehicle owners and operators. PIP is an extremely complicated vehicle accident insurance policy, especially following an accident or in light of a lawsuit that leads to an accident claim for compensation. Keep watching to find out more!
THE PIP BASICS
PIP insurance, or Personal Injury Protection, covers the medical expenses of the vehicle owner; any individuals listed on the policy, any relatives residing in the same households, and potentially any passenger in the vehicle should they not have their own coverage under the law. PIP was made mandatory because most accidents would cause under $10,000 in damages or injuries; thus PIP aims to solve the problem of: medical bills not getting paid; people suffering from reduced credit scores, and accident victims fearing lack of treatment.
ACCIDENTS AND CLAIMS
Since PIP is mandatory for all Florida motorists or registered vehicle owners, treatment at a medical facility will be covered by the insurance carrier, which must be notified of the accident so as to proceed accordingly. Following an accident, the injured party will visit his/her medical practitioner and sign an assignment of benefits, which grants the doctor the right to bill the insurance provider directly on their behalf. Also, individuals that have suffered personal injury as a result of the accident in Miami, may opt to file their own PIP claim.
PIP provides accident victims with the legal right to visit a doctor for treatment regardless of whether or not they have medical insurance. Also, PIP allows you to seek medical treatment no matter who was at fault for the accident. PIP pays up to $2500 subject to a deductible and co-payment unless there is an emergency medical condition that entitles $10,000 in injuries or lost wages. It is advisable for those that can afford it, to supplement PIP with other insurance policies such as Uninsured or Underinsured Motorist coverage. Additional insurance coverage policies will help protect against medical costs for treating serious personal injury or even third-party wrongful death. One of our Miami Personal Litigation or Insurance Claims Lawyers can provide all the right answers to any questions concerning PIP Insurance in a motor vehicle accident in Miami. Thank you for watching. And if you enjoyed this video, be sure to like, comment, and subscribe!
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