NY Motorcycle Accident Attorney Sheds Light on Motorcycle Insurance Laws
New York Motorcycle Accident Attorney Sheds Light on Motorcycle Insurance Laws in NY
In many states, it is mandatory to have insurance on your motorcycle. Motorcyclists in New York are required to have minimum liability insurance . Under New York law, only motorcycle liability insurance is considered necessary. Liability coverage pays to reimburse other drivers for medical costs and the replacement of property lost in an accident. It also provides you with coverage to defend against lawsuits if you seriously injure another person in a NY motorcycle accident or motorcycle crash in NY due to your negligence.
Below are the 3 minimum liability coverage’s that every motorcycle policy must have:
- For Injuries to a Single Individual: $25,000;
- For Injuries to all Parties in a single event: $50,000;
- For Property Damages: $10,000 or the 25/50/10 policy.
New York Motorcycle Accident Attorney & Bronx Injury Lawyer Explains The New York State Motorcycle Insurance Minimum Requirements and What They Mean to You:
Let me start out by saying that as a New York Motorcycle Accident Lawyer and Bronx Injury Lawyer, I feel it is unfortunate that unlike a regular motor vehicle policy, a motorcycle policy in New York does not have No-Fault insurance coverage. Because of this, unless you have private insurance, you may not have coverage to pay for your medical care, treatment and bills if you are hurt in an accident.
No-Fault insurance coverage for a motor vehicle pays for medical treatment, other expenses and lost wages for a person injured during the use and/or operation of a car. While No-Fault benefits are usually paid because of a car accident, they can also be paid for an accident related injury caused while using a car, such as while getting into or out of a parked car. New York State law requires minimum No-Fault coverage of $50,000 for a motor vehicle.
Some motorcyclists think that they can receive No-Fault insurance coverage benefits when they are injured in a motorcycle accident. However, No-Fault insurance does not provide coverage for the motorcycle driver or any passenger. Fortunately, there is No-Fault coverage if your motorcycle strikes and injures a pedestrian. That is why No-Fault is listed on a motorcycle policy.
Due to heavy traffic and the increased risk of motorcycle accident related injuries and property damage, the cost of motorcycle insurance in New York City is unusually high. In fact, many companies don’t even offer it. All of the same factors that determine premiums apply for motorcycle insurance, but the greater risk leads to greater cost. It is extremely difficult to determine an average cost of motorcycle insurance in New York.
Having motorcycle insurance is a requirement under New York State law. It would be a good idea to do your research and obtain the best coverage that you can afford. While operating any type of motor vehicle comes with a risk, you can help lower the financial risk involved in operating one by covering the cost of damages and potential liability law suits should you be involved in an accident.
New York Motorcycle Accident Attorney and Bronx Personal Injury Lawyer Fights For the Rights of Area Residents for Over 20 Years!
If If you are injured in a motorcycle accident and are in need of a New York Motorcycle Accident Attorney or Bronx Injury Lawyer, at the Law Offices of Stuart M. Kerner, our lawyers we have great experience in assessing personal injuries and their causes including NY motorcycle accident cases. If you’d like a legal opinion from one of our NY State licensed lawyers on the value of your potential personal injury or have a question about your rights, contact my office. During your consultation with one of our lawyers, we will evaluate your personal injury case. Remember, insurance companies have lawyers, so you should too!
Remember, insurance companies have lawyers protecting their interest, so why not have a New York Motorcycle Accident Attorney protect yours!