{"id":8911,"date":"2021-05-04T14:57:12","date_gmt":"2021-05-04T18:57:12","guid":{"rendered":"https:\/\/blog.greatflorida.com\/?p=8911"},"modified":"2026-04-16T17:24:23","modified_gmt":"2026-04-16T21:24:23","slug":"major-changes-for-auto-insurance-and-homeowners-insurance","status":"publish","type":"post","link":"https:\/\/www.greatflorida.com\/blog\/2021\/major-changes-for-auto-insurance-and-homeowners-insurance\/","title":{"rendered":"Major Changes for Auto Insurance and Homeowners Insurance"},"content":{"rendered":"

On the final day of the Florida 2021 legislative session, lawmakers made major changes to the state\u2019s auto insurance<\/a> and homeowners insurance<\/a> systems.<\/p>\n

Auto Insurance SB54<\/strong><\/p>\n

The passage of this bill repeals the states no-fault personal injury protection (PIP) system. \u201cThis is a long fought and complex debate on auto insurance<\/a> overhaul,\u201d says Dustyn Shroff<\/a>, Vice President of GreatFlorida Insurance<\/a>.<\/p>\n

The passage of this bill moves Florida from a no-fault auto insurance<\/a> system to an automobile liability system. Florida will join 48 states that currently have bodily injury insurance systems. Floridians will now be required to carry bodily injury coverage starting at $25,000 for all drivers.<\/p>\n

\n
\"\"<\/a>
https:\/\/www.insurancejournal.com\/news<\/figcaption><\/figure>\n<\/div>\n

The bill is intended to reduce auto insurance rates<\/a> while bringing a reduction to widespread fraud. NU Property & Casualty Group<\/a> opposed the bill\u2019s passage, believing the intentions are good, however it doesn\u2019t go far enough with reforms and will only lead to an increase in auto insurance<\/a> costs and an increase in uninsured motorist on Florida roads.<\/p>\n

If signed by DeSantis, the new law will take effect January 1, 2022.<\/p>\n

Property Insurance<\/a> SB76<\/strong><\/p>\n

This bill addresses some of the issues with the states homeowners insurance<\/a> market.<\/p>\n

\u201cWhile this bill certainly doesn\u2019t solve all the problems with the rising cost in homeowners insurance<\/a>, hopefully it is a step in the right direction,\u201d says Buck with GreatFlorida Insurance<\/a>.<\/p>\n

According to the Insurance Journal<\/a>, the legislation was significantly revised from its original draft. Some of the changes include:<\/p>\n