Talk of The Villages Florida - View Single Post - Outrages Geico Insurance rates
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Old 07-03-2021, 08:09 AM
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Originally Posted by bilcon View Post
I called and the rep said that Florida has one of the highest rates of law suits, so that is the reason for the increase. THANK YOU DAN, MORGAN AND MORGAN ETC.
Those Law Firm ads are misleading. If a driver has $100,000 liability coverage and injures someone, Morgan and Morgan can NOT get a $1,000,000 pay out from the insurance company. The insurance only pays $100,000 max. Now, if a commercial vehicle, like a truck or school bus hits you, and they carry $1,000,000+ liability, then yes, Morgan and Morgan might get that much. But no more than that. And the Law Firm takes a big cut of that $1,000,000. That's why they can afford to advertise on TV (the most costly advertisement outlet).

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