What does it mean that NY is a no-fault state?

New York is a “no-fault” insurance state, which means that insureds are generally reimbursed by their insurance company for damages regardless of who was responsible for causing the accident. Insureds can be reimbursed for medical costs and other losses that might surface after the accident.

Is no-fault insurance compulsory in NYS?

New York’s No-Fault Insurance Law Protects Injured Parties. New York State’s no-fault law requires that every motor vehicle provide personal injury protection coverage in order that persons injured in a motor vehicle accident receive benefits regardless of who caused the accident or who was at fault.

What is a no-fault policy?

So let’s start with a basic definition: no-fault insurance, sometimes referred to as personal injury protection insurance (PIP), can help cover you and your passengers’ medical expenses and loss of income in the event of a covered accident, regardless of who is found at fault.

How do I file a no-fault return in NY?

Filing a No-Fault Insurance Claim The basic requirements of filing a no-fault claim in New York are: Submit the no-fault application (Form NF-2) File the claim application within 30-days of the accident. Notify the New York State Motor Vehicle Accident Indemnification Corporation.

Will a non fault accident affect my insurance?

Unfortunately, yes it does. In many cases, your premiums will go up after you’ve declared a non-fault claim to your insurance provider. This is because certain circumstances surrounding the accident, even if it wasn’t your fault, may lead to more accidents in the future.

How does a non-fault claim work?

What is a non-fault claim? A non-fault claim is made when you are not to blame for an accident and your insurer can recover the total cost of the claim from the person whose fault it was. It is the opposite of an at-fault claim where you are liable for any damage.

Do I lose my no claims if not my fault?

A no claims bonus (NCB), or more correctly a no claims discount, is awarded if you don’t claim in the latest policy year. Even if you have an accident that wasn’t your fault – you’re hit by an uninsured driver, or your car gets stolen – you could lose your NCB, and your premium could even go up at renewal.