Which insurance coverage is required by law?

New York law requires that you have liability insurance coverage for cars. The minimum amount of liability coverage is. OFM must be notified each time there is a change, update, renewal or cancellation of the liability insurance policy. If OFM is not provided with the required valid proof of insurance, the vehicle's registration will not be renewed; this may result in law enforcement agencies citing the expiration of the registration.

Unless the insurance company has special language in its policy, the amount needed to repair your car or the value of your car must be paid. If paintless dent repair is not available locally and the damage is too serious for this repair method, the insurance company is required to resolve your claim based on conventional repair methods. The insurance agent or broker may request a copy of the driving record of each person who will operate the motor vehicle. Review the language of the auto policy to determine what would be covered or excluded from your insurance policy.

Full coverage covers your car's glass in the event of a broken safety glass, with no deductible for an additional premium. The maximum liability limit for each person injured in any accident must be shown on the policy statements to obtain coverage. However, your policy contract between you and the insurance company outlines your responsibilities in the event of an accident or loss. If you were partially at fault, the insurance company may, depending on the degree of fault, reduce or deny payment.

Comprehensive coverage covers damage to your car other than that caused by a collision, including theft, vandalism, impacts with animals or birds, explosions, floods, falling objects, windstorms and broken glass. Anyone who operates their vehicle must be able to provide proof of insurance while driving the vehicle. You can also buy a declining term life insurance policy, which may be less expensive than credit insurance. A notice of cancellation of auto insurance must be mailed or delivered to the designated insured at least twenty days before the effective date of the cancellation.

This type of policy generally provides coverage for the personal use of cars and will exclude coverage for transporting people or goods in exchange for compensation or payment of a fee. If your car is damaged by hail, the insurance company is required to repair your car to the extent that it is returned to the condition it was in before the damage.

Marcie Macvicar
Marcie Macvicar

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