Know The Differences In New York Car Insurance
Unless you have taken the time to study the laws that pertain to New York Car Insurance, it can be a frustrating and very confusing issue for the average motorist. Each and every state is quite different when it comes to the amounts in limits you must include on your policy, and the types of coverage that will need to be taken out. NY happens to be an area that is different than most others. If you are a resident of New York, you are not allowed to carry insurance in another state, it must be obtained in NY, and the policy also has to be taken out in the name of the person the automobile is registered under, unlike that of some of the other states.
Coverage amounts that must be obtained are also quite different than many other areas. Uninsured Motorist coverage is a car insurance New York requirement, and coverage equals the specific limits that have been purchased. An extended coverage that assists with payments of medical charges, including lost wages called PIP or personal injury protection is also a requirement. New York car insurance laws state that that all motorists obtain liability coverage on the vehicles that they drive with limits of $25,000, $50,000 or $10,000 of coverage. The medical coverage required for being a ‘no-fault’ state that New York car insurance requires is one that causes some controversy. Regardless of which driver is at fault for an accident, this coverage will cover medical costs incurred.