Very Cheap Auto Insurance - Tips That Guarantee Affordable Car Insurance Rates

Friday, March 20, 2009

When Purchasing New York Insurance

By J. Lee

Are you a New York resident looking for a New York Auto Insurance? Do you know that there are laws regarding car insurance. New York drivers by law, require $25,000 and $50,000 for personal injury coverage. They also require $50,000 to $100,000 for death in an accident as well as $10,000 for property damage caused by the accident. You will need these coverages as long as the vehicle registration is valid.

Liability coverage must be New York State insurance coverage by a company authorized to do business in this state and licensed by the insurance department of New York State. If the auto is registered in this state, it must have New York State insurance coverage. There are no exceptions, and a registrant must have the liability coverage in that registered name. Should there be a lapse in insurance coverage, due to a name change, for instance, the driver's license of that registration and the registration itself is suspended.

In order to apply for a vehicle registration in New York State, you must provide one of your Insurance Identification Cards. It must show a barcode and the name on the card has to match your registration application exactly.

A no fault state, New York, this means when in a car accident, you do not have to wait for litigation to get medical expenses, incidental cost, or lost wages. They can received them without waiting for them. It doe not matter who is at fault.

The insurance companies are required to pay up to $50,000 to drivers, passengers, and pedestrians involved in the accident for losses incurred. You will need a special form to file this request within 30 days.

All forms need to filed with legitimate evidence of the medical expenses, loss of wages and so on. These will be thoroughly checked by the insurance company to avoid any fraud.

About the Author:

No comments: