Talk of The Villages Florida - View Single Post - Higher price on LSV insurance
Thread: Higher price on LSV insurance
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Old 09-03-2010, 10:48 AM
bimmertl bimmertl is offline
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Quote:
Originally Posted by collie1228 View Post
Our nanny government is helping us again. Nice tax break - not so nice fallout from the insurance companies.
It's the Florida Financial Responsibility laws. Being street legal means you have to be registered and subject to the FR law which requires you purchase PIP (Personal Injury Coverage) for the vehicle. Minimum PIP is 10K in medical coverage on the vehicle in addition to the standard liability coverages.

There are multiple PIP packages some of which include a wage loss component. So if you are retired and have other available medical coverage, make sure you get the minimum amount of coverage required. (10K in meds, no wage loss component) Even if you have other available medical coverage available you still have to buy the PIP coverage. It's a ridiculous requirement.