What Happens When Florida No Fault Insurance Sunsets?
Initially, when Florida instituted the retirement of the no fault law there was questioning about whether or not Florida residents would be responsible to carry insurance. After the initial debate it was determined that Florida residents would indeed be responsible to carry insurance for PDP, just not for PIP. The penalty for not carrying insurance in Florida remains the same: the possibility of a second degree misdemeanor along with $500 fine and up to 60 days in jail. Even with the sunset of Florida no fault it is always recommended to carry bodily insurance, even if not required. Additionally, if you have already been in an accident it is likely the state will require you carry bodily injury insurance for at least $10,000 per person and $20,000 per occurrence. PIP can also help you reduce potential lawsuits and can extend to any children you might have, regardless of whether they are in your car or a school bus.
