How much a car crash costs you will depend on several factors. One of them will be how severe the wreck was. Another will be how much coverage you carry, as well as how much insurance the other driver has.
New York mandates that drivers carry both liability coverage in case they cause a crash and no-fault personal injury protection (PIP) coverage. How much can you expect your no-fault insurance to cover if you get into a crash?
Personal injury protection will usually cover up to $50,000
Your no-fault auto insurance will pay for injuries suffered by you or anyone else in your vehicle regardless of fault. Typically, this coverage will only cover up to $50,000 per person. Anyone hurt in your vehicle during a collision can make a claim against your PIP coverage.
Your PIP coverage will cover up to 80% of someone’s lost earnings from work in addition to their medical expenses. What if you have expenses beyond that?
There is other coverage that could help you
If your costs after a crash exceed $50,000 or if your lost wages are significant, then you may need additional compensation. If the other driver does not have insurance coverage, your uninsured motorist protection will pay for losses not covered by your PIP coverage.
If the other driver does have coverage, then their bodily injury liability coverage should reimburse you. However, they may have only $25,000 in coverage. You may still need to consider going to court if you have uncovered losses. Learning more about how insurance works after a New York car crash can help you minimize the financial consequences caused by the wreck.