The New York Basic No-Fault Policy allows you to get $50,000 for accident-related expenses and up to 80% for lost earnings. A $2,000 death benefit is provided for anyone who has been killed in an accident. This is payable to their estate. These benefits are not enough. Many people purchase additional personal injury coverage. Within 30 days of an accident, you must notify your insurance company. You can do this by filling out a form NF-2 and sending a notice to your insurance company.