New York is one of the most prominent states in the United States, and it is also known for having some of the busiest streets. Every New York resident or motorist should get intimate with the inner mechanics of a New York Auto Insurance. This is necessary so that you are compensated and protected, if ever you get involved in any accident.
If you follow the law and if you are driving in the streets of New York, you need to have a mandatory insurance policy to protect yourself from the no-fault rule. The no-fault rule is a regulation declaring no fault to parties involved in any accident. With this rule, you will only have to claim from your insurance company for any personal damages incurred during the accident. This law was passed in New York to allow authorities and motorists to respond quickly to emergency situations and avoid the usual delays encountered in attending to medical needs because of paperwork, procedures and the usual blaming of parties that comes with every accident.
Also, by law, each motorist’s insurance policy (also called hence as Personal Injury Policy or PIP) should cover up to $50,000 worth of economic or health losses – not only to the driver, but to the passengers, and to pedestrians who might be hurt from the car accident. If the repair or the treatment is going to cost more than what insurance can cover, the involved parties can file lawsuit. A person carrying a New York auto insurance policy can use his plan to protect and insure other members as well.
It is also important to remember that you can apply for coverage with your New York auto insurance company if you meet an accident while unknowingly driving an uninsured vehicle. With an insurance policy, your family and you are both protected from damages, property- or health-wise. Your policy should also benefit you even when you are not driving: if you suffer an accident as a pedestrian, and the motorist who caused the accident happens not to have an insurance policy to cover peripheral damage, your insurance company can help compensate for your recuperating fees.