The minimum amount of car insurance required for drivers in New York is $25,000 for bodily injury for one person, $50,000 for bodily injury for the entire accident, and $10,000 for property damage in any one accident, plus uninsured motorists (UM) coverage (for bodily injury), subject to the same minimums. “No-fault” coverage, which pays for the medical bills of anyone in your car, must be at least $50,000.
New Jersey requires even less coverage: bodily injury of $10,000 per accident; $5,000 property damage; and personal injury protection (PIP), which is like New York’s no-fault insurance, of $15,000 per person, per accident.
If you’ve been badly injured in a car accident,you may face emergency medical care, hospitalization, surgery, medication, rehabilitation, and more. Your vehicle will need to be repaired, if not replaced.You will also be out of work while you recover. A national survey says an average day in a hospital in New York or New Jersey costs about $2,000, just to cite one potential cost after a severe car crash.
If another driver was to blame for your serious injuries, you may be able to file a claim against the other driver’s liability insurance. If the driver at fault in your accident was uninsured or underinsured, you may file a claim against your own insurance company.
You should never accept an insurance settlement until an experienced car accident attorney has reviewed it for you. Our attorneys at the Ginarte law firm know what car accidents in the New York and New Jersey metro area really cost, and we know what a proper insurance settlement looks like. We are ready to work to make sure you get all the money you deserve.