In New York, minimum requirements are in place for auto insurance companies. All drivers acquiring auto insurance must get at least this minimum amount. For example, every insurance company must provide a minimum coverage of $25,000 per person injured or killed in an accident. Drivers in New York must also carry a minimum of $50,000 for bodily injuries obtained per accident as well as $10,000 of property damage coverage. In addition to carrying these required insurance amounts, drivers in New York are also free to add many different types of insurance coverage to their policies if they like.
New York drivers are required to maintain two different types of liability auto insurance coverage for their vehicles. These include bodily injury liability insurance as well as property damage liability insurance. With bodily injury liability insurance, the physical injury expenses resulting from an accident caused by the insured driver are covered. The other form of liability coverage, on the other hand, covers the costs associated with damage to property.
Bodily injury liability, or BI for short, must provide a minimum of $25,000 of coverage per person as well as $50,000 for bodily injuries sustained per accident. This type of coverage is intended to cover the costs when the insured driver is responsible for the accident and another person is injured or killed. This insurance coverage includes paying for passengers that are in the driver’s vehicle as well as for any pedestrians affected by the accident.
Property Damage insurance, or PD for short, must also be in place. The minimum amount of coverage required for New York drivers is $10,000. The Property Damage insurance pays the expenses that result from the insured driver getting in an accident and causing damage to property. This property may include the vehicle or vehicles of anyone involved or any other property that may have been damaged.
New York drivers are also required to carry auto insurance coverage. Without proof of insurance coverage, New York drivers cannot register their vehicles. If the driver does not have auto insurance, the driver must be able to prove that he or she can cover the cost of any expenses that may result from an accident.
There are a number of ways a New York driver can prove that he or she has insurance coverage in place. For example, the driver may show his or her temporary insurance card that has been issued by the provider. The driver may also show the receipt from the premium payment that has been made. Another option is to show the insurance binder.
A New York driver may also use the declarations page that he or she received from the liability insurance policy in order to prove insurance coverage. Another option is or the driver to use the liability insurance policy or the certificate of liability insurance policy. If a New York driver has purchased his or her vehicle within the past 60 days, the driver must be able to provide proof of purchase as well as proof of coverage for the vehicle that was replaced by the new vehicle.
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