Does the Other Driver’s Insurance Company Need To Disclose Their Policy Limits to Me?

After an accident, car insurance policy limits come into question as injured drivers seek compensation for their claims. If another motorist strikes you and you file a claim with their insurance company, do they have to disclose their liability coverage limits? Discover the answer below and learn tips for navigating this complex process. 

Understanding Minimum Insurance Requirements in New York 

Every driver in New York needs to hold an auto insurance policy that offers the following coverage:

• No-fault personal injury protection: This covers the policyholder following an accident, which may go toward paying their medical bills, replacing lost wages, and more. The minimum PIP insurance requirement is $50,000.
• Liability: Minimum coverage for property damage is $10,000 per accident and $25,000 for the bodily injury of one victim. 
• Uninsured motorist protection: Policies include uninsured motorist protection of at least $25,000 per person and $50,000 per accident. 

While these are the minimum requirements throughout the state, policyholders can elect to increase their coverage. 

Why Insurance Providers Want To Keep Coverage Maximums Under Wraps

If you’re having trouble communicating with another driver’s insurance company after an accident, it’s a strategic move on their part. By not disclosing their car insurance policy limits, companies look to avoid paying more than necessary for claims. 

They’re in the business of making money, after all, and want drivers to accept low-ball settlements. If you’re not aware of their bodily injury cap or property damage limit, you could end up accepting an offer that won’t adequately cover your property damage or medical expenses. 

How To Acquire Another Driver’s Car Insurance Policy Limits

It may seem like you have no other choice but to accept a settlement without really knowing how much the insurer could pay for your claim. However, you have a few options when it comes to figuring out a motorist’s insurance coverage caps. 

The state of New York requires companies to disclose their policy limits upon sending a written request. A qualified car accident attorney can help you craft this letter so the insurer acts quickly. They should respond by sending you a policy declarations page detailing key information about the driver’s coverage, including:

• The types of available coverage
• Policy limits
• The insured vehicles and drivers on the policy

You can also turn to consumer advocacy groups or the state’s Department of Financial Services for information regarding auto insurance. 

File a Lawsuit Against the At-Fault Driver To Seek Full Transparency and Justice

Since New York is a no-fault state, you must go through your own insurance provider when making a claim. However, if you sustain serious injuries that exceed your policy limits, it’s worth exploring your legal options. You can launch a suit against the at-fault driver and seek compensation from their insurer. 

Work with a reputable personal injury lawyer who knows how to gather sufficient evidence and negotiate with insurance companies. They’ll argue on your behalf and try to recover fair damages for your pain and suffering. 

Review Your Legal Options With a Trust Car Accident Lawyer

Understanding car insurance policy limits is crucial during the claims process, allowing you to make an informed decision regarding settlements. If you’re having trouble with your claim or believe that your accident damages are worth more than the policy covers, turn to Cantor, Wolff, Nicastro & Hall LLC. We assist injured drivers throughout the Buffalo area with car accident claims and know how to negotiate with auto insurers. 

Give us a call at 716-848-8000 or connect with us online to schedule a free case evaluation.

FREQUENTLY ASKED QUESTIONS: 

Q: Is the other driver’s insurance company required to disclose their car insurance policy limits in New York?

A: Yes, in New York, the insurance company must disclose its policy limits upon receiving a written request.

Q: What are the minimum car insurance requirements in New York State?

A: Minimum requirements include no-fault personal injury protection ($50,000), liability coverage ($10,000 for property damage and $25,000 for bodily injury per person), and uninsured motorist protection ($25,000 per person and $50,000 per accident).

Q: What can I do if my accident damages exceed the other driver’s car insurance policy limits?

A: If damages exceed limits, you can pursue a lawsuit against the at-fault driver to seek compensation from their insurer. Consulting with a car accident attorney is recommended.