Did you know that...
New York state is a no-fault state, which means if you have the required coverage your insurance company pays for the first $50,000 in economic damages from an accident no matter who caused it. If you are involved in an automobile accident that results in more than $1,000 in damages to the vehicle, you must file an MV104A form with the Department of Motor Vehicles within 10 days. Failure to file could result in your driver’s license being suspended. You can obtain this form through your insurance agent or carrier. In order to sue the at-fault driver for pain and suffering and for economic loss in excess of $50,000, you must have sustained a serious injury, as defined by law. Serious injury is a complicated definition so, if you require medical care, call a personal injury attorney.
If someone is driving your car with your permission and has an accident, you may be responsible for any damages or lawsuits that result from the accident. Talk to your insurance agent about sufficient protection for your family and your assets. If you leave the keys in your car on the street, you may be responsible for damages if your car is stolen and is involved in an accident.
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