Bill would limit for automobile insurance liability
Dir M. Mario Cuomo, it is a decision on increasing the minimum amount of auto liability insurance, the New Yorker. If it does, lawyers say that the major distinctions cause damage. But insurers warn that the increase could also mean that more complaints are that the cost of motorists’ premiums.
Dir M. Mario Cuomo, it is a decision on increasing the minimum amount of auto liability insurance, the New Yorker. If it does, lawyers say that the major distinctions cause damage. But insurers warn that the increase could also mean that more complaints are that the cost of motorists’ premiums.
While low price levels of responsibility have not been collected over 33 years. The minimum price is not more realistically reflect the costs of car accidents, experts are ok, but many say they have also helped to maintain insurance to New York by higher tariffs as soon as several other countries.
After a bill passed this month, during the last hours of the session of the legislative procedure, the minimum requirements of liability coverage for the injury suffered by a person increased to $ 10000 $ 25000 and the minimum coverage for the injury suffered by two or more persons to increase $ 50000 $ 20000. The minimum for property damage, now $ 5000 to $ 10000
Rising prices
For many countries the poorest of the population, purchase, generally little coverage, more responsibility may increase the minimum strength of its annual $ 150 or more, according to the Insurance Division of the State and Spokesman of several insurance companies.
Most drivers already purchased more than the legal minimum coverage, avoid the risk that their property seized if it continued.
But their rates could still rise by $ 15 to U.S. $ 50 to cover higher costs for motorists in public subsidies Pool von””zugeordnet risk drivers whose driving records or credit history if leading insurance companies to deny coverage.
Insurers believe that the spark is higher than the minimum an increase in complaints, because the premiums of these actions would be greater. If that happens, their premiums could be even more expensive.
The responsibility minimum price in addition to the $ 50000 debt is pas”politique”that all drivers are required to wear. These measures include medical expenses and revenue from the loss of drivers, passengers and pedestrians injured in an accident, but not those riding in other vehicles.
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