The California Compulsory Financial Responsibility Laws Are from the Disco Era!

The California Financial Responsibility Laws which were enacted to protect all California motorists are as outdated as bell bottoms, platform shoes and Saturday Night Fever. It should not make sense to anyone that California’s minimum policy limits are the lowest in the nation. At $15,000 per claim, $30,000 per accident and $5,000 property damage, California’s minimums guarantee Financial “Irresponsibility” for those who purchase the state required minimum limits. In a high percentage of accidents, the minimum limits are easily exceeded—particularly in multi-vehicle crashes.

Los Angeles Uninsured Motorist Attorney, Barry P. Goldberg, argues that we are in almost the financial equivalent of pre-1974 California which led to the enactment of the Financial Responsibility Laws in the first place. There are currently millions of uninsured motorists on the road and the state mandated minimums are too low to protect most California Drivers. Studies have shown that about 1 in 5 accidents involve an uninsured motorist, that as high as 1 in 2 accidents are "underinsured," and that uninsured drivers are 3 times more likely to cause serious injuries and fatalities.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Consumer Protection Updates, Insurance Updates, Personal Injury Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Barry P. Goldberg, A Professional Law Corporation | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »