New York’s no-fault insurance system plays an important role in helping individuals recover after a car accident.
Understanding how this system works can make it easier to access necessary medical care and financial support.
What is no-fault insurance?
No-fault insurance allows individuals involved in a car accident to file a claim with their own insurance provider for injury-related expenses, regardless of who caused the accident. This system ensures that drivers and passengers can quickly access coverage for medical bills, lost wages, and related costs without needing to prove fault. However, no-fault insurance does not cover property damage.
What expenses does no-fault insurance cover?
The policy typically covers medical treatment, prescription medications, lost wages (up to 80% of lost income, capped at $2,000 per month), and other necessary expenses resulting from the injury, like transportation to medical appointments. Individuals must submit claims promptly, as there are strict deadlines under New York state law.
When does no-fault insurance apply?
This coverage applies to injuries sustained in motor vehicle accidents, including as a driver, passenger, or pedestrian. Motorcyclists, however, are not covered under New York’s no-fault law. Injuries must meet the state’s serious injury threshold to pursue additional compensation outside the no-fault system.
How to file a no-fault claim
Filing a no-fault claim involves notifying your insurance company promptly, usually within 30 days of the accident. Provide all necessary documentation, including medical records, receipts, and proof of lost wages. Failure to meet deadlines or provide accurate information may lead to claim denials.
It is essential to stay informed about your rights and responsibilities under New York’s no-fault system. Taking swift action after an accident can significantly increase your chances of accessing the benefits you need to recover and move forward.