No-Fault Insurance Explained: How It Works In NY
No-fault insurance is a key part of New York's car insurance system. This type of coverage pays for medical costs and lost wages after a car crash, no matter who caused it. New York law requires all drivers to have no-fault insurance.The basic policy covers up to $50,000 per person for medical bills and rehab costs. It also pays 80% of lost earnings, up to $2,000 a month for three years.No-fault insurance aims to speed up claims and reduce lawsuits. In most cases, accident victims must file claims with their own insurers. They can only sue another driver if their...
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