All Buffalo drivers are required to have $50,000 in Personal Injury Protection Insurance on their automobiles. When a person suffers a personal injury in an automobile accident, this $50,000 may be used to pay for lost wages and medical expenses.
Personal Injury Protection Insurance only covers expenses for three years following the accident and is limited to a maximum compensation for lost wages of $2,000 per month. As a result, for individuals with a higher income or long term injuries, it is possible that the amounts available under mandatory Personal Injury Protection Insurance will not meet their needs.
New York State Law also allows for the purchase of Additional Personal Injury Protection. When doing so, a driver should give careful consideration to his or her anticipated needs should an injury occur. If, for example, the driver will need more than $2,000 per month to pay normal expenses, he or she should make sure that when adding Additional Personal Injury Protection, the total amount that may be distributed per month in lost wages is increased. This is not necessary an automatic change made to the policy when adding Additional Personal Injury Protection – it is possible to increase the total amount of Personal Injury Protection available without changing the monthly lost wage compensation. As a result, the driver should make sure the policy is being adjusted in a way that meets his or her own needs should a personal injury accident occur.
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