NYS No-Fault Insurance

Automotive accidents can lead to life-altering injuries, even for the parties that are responsible for the accident. It may be difficult to receive compensation from an auto accident personal injury insurance claim if the responsible party’s insurance provider withholds or delays payment, citing further investigation of the claim, or stalls negotiations. New York State’s no-fault laws eliminate the need for this kind of back-and-forth between insurance providers and claimants. Each party’s insurance company covers its client’s expenses up to $50,000. This amount covers both injuries and wages lost during recovery time.

What No-Fault Insurance Does Not Cover

No-fault insurance laws in New York State apply only to personal injury and other health-related aspects of an automotive accident. These laws do not govern the way insurance claims for property damage are paid out. This means that some insurance companies may stall negotiations or resist a client’s claim for damage to the victim’s car and other personal property. The exact details of how an accident claim pays out depend heavily on the specifics of both the victim’s and the responsible party’s insurance policies.

Potential Complications

In spite of the thorough protection that no-fault laws provide to citizens of New York State, it can be difficult to obtain an insurance settlement in a timely manner. The no-fault laws themselves do not necessarily mean that insurance companies will promptly pay claims for health-related expenses. Some insurance companies may be resistant to pay for personal injury or property damage, which is why it may be necessary for victims to seek professional help. For example, a resident of western New York State may obtain the services of a Buffalo auto accident lawyer. These lawyers are familiar with the specifics of automotive insurance laws in New York State, including no-fault situations and other considerations.