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The Comprehensive Motor Vehicle Insurance Reparations Act, more commonly known as the New York No-Fault Law, became effective on February 1, 1974. The law was enacted to provide prompt payment of health related expenses and wage loss of those parties injured as a result of an auto accident.
As New York is a no-fault state, it will not matter who caused the car accident when it comes to your insurance company paying your medical bills and lost wages. The average amount that injured parties receive in car accident settlements is around $28,000.
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.
For policies with a term of six months or less: An insurer must collect a $5 fee per insured vehicle when the policy is first issued and upon renewal of the policy, but the total fee collected should not exceed $10 per insured vehicle annually.
(d) Serious injury means a personal injury which results in death; dismemberment; docHub disfigurement; a fracture; loss of a fetus; permanent loss of use of a body organ, member, function or system; permanent consequential limitation of use of a body organ or member; docHub limitation of use of a body
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Because of New Yorks No-Fault law, lawsuits due to auto accidents can be brought only for economic losses that exceed No-Fault benefits and for non-economic damages (such as pain and suffering) only if a serious injury (as defined in the Insurance Law) is sustained.
If you suffered serious injuries in a collision in New York caused by an uninsured driver, you still have options for recovering compensation. You may file a no-fault claim, use your uninsured motorist coverage, or sue the at-fault driver, depending on the circumstances.

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