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New York Automobile Insurance
Plan |
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| New York Automobile Insurance Plan (NYAIP) is a law
that was established to support consumers that cannot
find an insurance company to fit their needs. All insurers
that write in the State of New York must participate
in NYAIP. In order to properly use this law to your
advantage, you must first provide proof that an effort
has been made to obtain an car insurance policy within
the preceding 60 days and have been unable to achieve
such car insurance rates not exceeding the current
plan. |
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If you cannot find an insurance company that is willing
to cover your needs, you can contact a representative
of NYAIP that will assist you in
finding a licensed insurance provider:
New
York Automobile Insurance Plan
125 Maiden Lane
New York, New York 10038-4912
(Tel: 212-943-5100).
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You may obtain the following Car Insurance
Coverages under Auto Plan:
- the minimum limits required by law for bodily
injury and property damage liability, basic No-Fault,
and uninsured motorists insurance;
- optional higher limits up to $250,000/$500,000
in bodily injury liability and up to $100,000 in
property damage liability;
- OBEL limits of $25,000 and Additional PIP limits
of $50,000, resulting in higher aggregate No-Fault
limits up to $125,000 on an optional basis;
- optional SUM coverage up to $250,000/$500,000
or $500,000 Combined Single Limit;
- optional physical damage coverages (collision
and comprehensive) up to the amount of $50,000,
with several deductible options;
- mandatory rental car coverage (described in section
D of Chapter II).
The above listing has been taken directly from the
following page of New
York Department of Insurance Website in order to decrease the chance of confusion.
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