Senior Citizens Can Save Hundreds on their Car Insurance Policy

car insurance for seniorsIn order to meet the legal requirements of your state and to ensure that your insurance policy covers most of the losses you may experience with your car, you will need to have an adequate car insurance coverage.

There are three main types of auto insurance coverages and these are liability, collision and comprehensive insurance. Liability insurance covers any injury or damage you may cause to third parties or their properties. Collision insurance covers when you collide with an object or a car, while comprehensive insurance covers losses you may experience that are different from collisions, for example theft, flood, fire and so on.

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PIP Reform: Will it Work?

Florida’s new PIP insurance standards went into effect some months ago; however, the possibility of positive effects from this reform are still uncertain. What is PIP coverage?

PIP stands for personal injury protection, and is a form of bodily injury insurance, except that it covers the policyholder regardless of who is at fault up to a certain policy limit. The current limit in Florida is $10,000.
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New Florida Auto Insurance PIP Bill

PIP Florida BillNew legislation involving No Fault Insurance could change your premiums for better or worse. This PIP reform bill is presently aimed at getting your insurance premiums lowered; whether or not it will be effective at its aim is another thing entirely.

In 1972, Florida law began requiring drivers to carry PIP or personal injury protection coverage. This type of coverage ensures those injured in a car accident will get some monetary assistance to pay for their injuries. Continue reading