FLORIDA — A new study from the Insurance Research Council shows a spike in drivers without insurance or insufficient insurance in Florida.
The study said around 20% of drivers in Florida are without insurance (7th), and 38% are under-insured (2nd).
The Insurance Research Council is affiliated with the Insurance Information Institute. We spoke to Mark Friedlander with the Insurance Information Institute about the study.
"Nearly 40% of drivers are under-insured, why so many? One of the problems, Florida's state regulations are the lowest in the country when it comes to required insured." [talking about liability limits.] "In Florida those are very low limits they are the lowest in the country," Friedlander said.
Florida drivers pay more than $4,100 for full coverage insurance according to Bankrate. 25% higher than last year.
“You know, it might just be time we take a look if HOAs are really even necessary.
Maybe we should just do away with homeowner associations as a whole.”
South Florida lawmaker Rep. Juan Carlos Porras (R-Miami) says it may be time to do away with homeowners associations altogether, as more Floridians speak out about rising fees, costly lawsuits, and even arrests tied to HOA disputes. He said this week that he is considering filing legislation in the next session that would abolish HOAs statewide.
