Bill > A01192

This bill proposes significant increases to the liability insurance limits for motor vehicles in New York State. Specifically, the bill amends existing vehicle and traffic law and insurance law to raise the monetary limits for bodily injury and death coverage in owner's liability insurance policies. The new limits would increase from $25,000 to $200,000 for bodily injury to one person, from $50,000 to $300,000 for death of one person, and from $50,000 to $300,000 for bodily injury to multiple persons in a single accident. Additionally, the maximum death benefit for multiple persons would rise from $100,000 to $400,000, with a per-person limit increasing from $50,000 to $300,000. These changes apply to both standard owner's liability insurance policies and the New York Motor Vehicle Accident Indemnification Corporation's (MVAIC) coverage for judgments against uninsured motorists. The bill aims to provide more comprehensive financial protection for individuals involved in motor vehicle accidents by substantially increasing the available insurance coverage limits. The changes would take effect immediately upon passage.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A1192