Car Insurance Requirements
Thursday, March 25th, 2010car insurance requirements
The Secret To Getting Really Cheap Car Insurance In New York
New York State is a no-fault state in terms of car insurance coverage. Simply put, this means your car insurance policy will cover you, and the other guy’s car insurance policy will cover him, regardless of who was at fault for the damages.
You can purchase New York’s minimum car insurance requirements just the same as you would in any other state in America; however, New York’s minimum car insurance coverage requirements are a bit more in-depth as far as coverage goes, and pricier as far as costs go.
The minimum car insurance coverage in New York is as follows:
$10,000: Property damage liability
$50,000: Basic, no-fault coverage
Bodily injury liability: For injury, $25,000 per person and $50,000 per accident. For death, $50,000 per person, and $100,000 per accident.
Uninsured motorist’s coverage: For injury, $25,000 per person and $50,000 per accident. For death, $50,000 per person, and $100,000 per accident.
Of course, if you don’t own your car out-right, i.e., you borrowed money from a lender to help pay for it, you may have to purchase more car insurance than the minimum.
Despite the high costs of the minimum car insurance requirements, it is possible to get cheap car insurance in New York. Shop around with a few NY car insurance companies (remember, drivers in New York must purchase car insurance from a company licensed to do business in New York) and ask about what kinds of discounts they offer. Some discounts are pretty standard, such as those for good students and multi-line policies; other discounts may be unique to that particular car insurance company.
You may also make changes on your own to your car. Make sure it is up-to-date with safety features such as anti-theft alarm systems and reinforced window. Child-proof locks aren’t only safe, but impressive to car insurance companies. And instead of leaving your car in the side of the street, store it in a garage.
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How to Get Cheap Car Insurance in New York
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A friend was struck in the side directly by a larger vehicle. The friend had the right of way as the truck was exiting a parking lot. The truck was not damaged but the friend’s car was crushed in on the driver side rear door. The police assigned fault to the driver of the truck. That driver had ‘insurance’ but no license.
The insurance company of the driver of the truck refuses to pay for damages, saying that the police wrongfully placed their driver at fault because he didn’t speak english and didn’t have a license. The friend’s insurance company is refusing to pay for it or put up a fight against the other company.
The police do NOT determine fault in the accident, they only offer an opinion.
Although I would agree, if you’re on the street driving by, and someone pulls out of a parking lot, that someone is at fault.
Does the friend have collision coverage? If not, he didn’t buy the insurance company’s obligation to pay or put up a fight, he’ll have to do it on his own.
If he DOES have collision coverage, he needs to get the declination in writing, from his insurance company, with the declination reason. If he gets that, post again, or email me directly.
Otherwise, he’s going to have to sue both the owner of the truck, and the driver of the truck, in court, to get a damage award. If the insurance covers that unlisted, unlicensed driver, they’ll then pay. If not, then you have to recover directly from the driver and owner.
ah, and to directly (sort of) answer your question . . .someone else’s insurance company has NO DUTY OF GOOD FAITH towards you. They have NO obligation to pay anything, legally, until after a judge says they have to. They don’t even have to take a claim report. They DO have to listen to their insured’s version of what happened, NOT YOURS.
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