New Jersey Auto Insurance Regulations Changing
New Jersey auto insurance consistently ranks as one of the highest states for auto insurance rates and regulators are looking to curb some of the rising costs through new regulations. The article “What the New Car Insurance Rules Mean for NJ” found on NECN.com answers some of the top questions New Jersey residents have about how the new regulations will affect them.
New Jersey auto insurance is looking at a big overhaul from the proposed regulation changes for the personal injury protection component of auto insurance policies. The changes will essentially change how and what physicians can charge for treatments and there will be a restructuring of the process for appealing a denied claim. This is all in hopes that rising premiums will be slowed down and New Jersey auto insurance will become more affordable.
The article is very useful in answering questions many residents have. It answers some details about personal injury protection and outlines why the system needs a makeover at this time. The changes to medical services are discussed and gives an understanding of the changes being made to the approval and dispute process that New Jersey has long known. Insurers will be benefiting from these changes in addition to the consumer so hopefully this encourages auto insurance companies to support the proposed changes and regulations are put into place quickly. The regulations are not quite a done deal since the public has until the end of September to comment and a decision will be made at that time.