ifydcat In order to legally drive a vehicle you’ve got to have auto insurance in New York. This is for your protection as well as the other driver’s. There are 3 categories of automobile insurance that are legally required in order to register your auto and get license plates for it.
Personal Injury Protection, or No-Fault, insurance is designed to compensate a driver, passenger or pedestrian who is wounded by your vehicle. Regardless of who caused the injury your insurance will compensate them for doctor’s bills and lost wages. PIP insurance protects you from lawsuits that could be brought against you by someone no matter whose mess-up the accident is. It permits up to $50,000 compensation per person injured. This indicates that your passengers, the other driver and their passengers and any pedestrians are each covered for that amount should they encounter hospital bills or have to take a medical leave from their job to get over their injuries. PIP is only meant to cover personal injury and doesn’t pay for any damages to your auto or any other car involved.
Liability insurance is designed to protect you and your assets if you or anyone driving your auto with your permission is to blame in a collision. It also obligates your insurer to offer you legal protection against claims of death, heavy injury or property damage. You can choose the quantity of your coverage but the minimum required is $25,000 for wounds that don’t result in a death. This also provides $50,000 for wounds that result in death. You may also choose twice that amount of coverage which, with today’s exorbitant medical costs, would be a sensible idea and costs just a little more .
Uninsured Motorists Coverage is also required and protects you in the event you or your passengers are injured in a collision due to a driver that has no insurance. It also covers you and others in your automobile in the event of a hit and run where the driver cannot be determined and there is no insurance company to make a claim against.
This will sound like a large amount of insurance but car insurance requirements in the Big Apple are there to guard your interests as well as others. By having these 3 kinds of needed insurance you are shielding your health and your assets from unanticipated costs as well as unexpected suits brought by injured parties. Having this required insurance means you have legal representation if you are sued and you will be improbable to lose your assets or future wages due to such an action.
Having the required car insurance in New York will not only protect you financially, you will have the assurance that comes with knowing your future and that of your folks’s is protected.
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