Uninsured motorist coverage; provide that coverage is mandatory in every automobile liability insurance policy.
If enacted, HB 895 would significantly affect the landscape of automobile insurance in Mississippi. By mandating uninsured motorist coverage, the bill would protect individuals from the financial repercussions of accidents caused by uninsured drivers. This change is expected to lower the number of uncompensated injury claims arising from such incidents, which could potentially lead to lower healthcare and litigation costs for the state in the long run. Additionally, it will ensure that drivers have a basic level of protection as part of their auto liability policies.
House Bill 895 aims to amend Section 83-11-101 of the Mississippi Code of 1972 by requiring that all automobile liability insurance policies include uninsured motorist coverage. This mandate ensures that individuals who are injured by uninsured drivers will have access to compensation up to certain limits as set forth in the existing motor vehicle safety laws. The bill reflects efforts to enhance protections for drivers and passengers in the state, recognizing the prevalence of uninsured vehicles on the road and the financial risks associated with them.
The discussion surrounding HB 895 may provoke differing opinions among stakeholders. Supporters argue that mandating uninsured motorist coverage will increase consumer protections and ensure that accident victims can recover damages even if the responsible party lacks insurance. However, opponents may raise concerns over potential increases in insurance premiums as companies adjust their policies to comply with the new requirements. There may also be debates on whether such a mandate infringes upon individual choice regarding insurance decisions, particularly for those who might prefer minimal coverage options.