Tag: bodily injury liability

Florida’s Push to Reform the No-Fault Auto Insurance System

John Bowers
No-Fault Auto Insurance System

Efforts to reshape Florida’s auto insurance laws are in full swing, with the Senate Banking and Insurance Committee preparing to review the latest proposal, SB 54. This ongoing debate could significantly impact drivers across the Sunshine State. Here’s what you need to know about Florida’s no-fault system, the proposed changes, and what they mean for you. Understanding Florida’s No-Fault Auto System Florida is one of only two states that mandates a no-fault auto insurance framework. Under this system, drivers are required to carry personal injury protection (PIP) coverage, a policy…

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Higher Coverage, Higher Costs? Massachusetts Rolls Out New Auto Insurance Law

Ben Jones
Massachusetts Auto Insurance Law

Massachusetts to Raise Minimum Auto Insurance Coverage Limits by July 2025 Massachusetts is set to implement significant changes to its mandatory auto insurance coverage requirements starting July 1, 2025. Governor Maura Healey recently signed legislation increasing the minimum insurance coverage limits, aligning with a growing trend across the United States. These updates aim to improve financial protection for drivers while minimizing the risk of policyholders facing inadequate coverage after an accident. Below, we examine the rationale behind the changes, statistics on how often claims exceed policy limits, and national shifts…

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Rising Auto Insurance Costs in California: The New Law You Can’t Ignore

Live Insurance News
California Auto Insurance

New California Law Increases Minimum Auto Insurance Limits Overview of Senate Bill 1107 California is set to implement a significant change in auto insurance coverage as Senate Bill 1107 takes effect on January 1, 2025. This new law mandates an increase in the minimum liability limits required for motor vehicle insurance, impacting private passenger autos, commercial businesses, and recreational vehicles alike. The revamped limits aim to offer better protection for drivers in light of escalating costs associated with accidents. Understanding the New Minimum Liability Limits The updated minimum liability insurance…

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Why Snowmobile Insurance is Essential for President’s Day Weekend

Loreen
presidents day weekend make sure you have snowmobile insurance

President’s Day weekend sees a surge in snowmobiling, making insurance crucial before hitting the trails. Understanding snowmobile insurance costs and coverage can protect you from unexpected expenses. Factors like your snowmobile’s make and model, your age, driving record, and location influence your premium. Knowing these details not only prepares you financially but also ensures a safe and enjoyable ride. So, gear up for this President’s Day weekend with the right insurance coverage. Factors Influencing Insurance Premiums The cost of snowmobile insurance is influenced by a range of factors similar to…

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Auto insurance details often leave consumers wondering

Julie Campbell
Auto Insurance

Policyholders aren’t certain whether certain specific incidents are covered. Though most policyholders have a good grasp on the basics of what their auto insurance provides, many still feel left in the dark in terms of certain specific circumstances such as whether or not they have coverage for a bad tank of gas that requires the car to be towed so that a mechanic can drain the tank and lines and replace the fuel. The answer isn’t as simple as some policyholders would like as it does depend on the policy.…

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