The minimum amount of no-fault benefits available to individuals injured in New York motor vehicle accidents is $50,000 for medical expenses, lost earnings and other reasonable expenses. Any individual can purchase APIP (Additional Personal Injury Protection) to increase the no-fault coverage by another $50,000.
Any individual can purchase OBEL (Optional Basic Economic Loss) coverage of up to $25,000 that extends no-fault coverage beyond the minimum $50,000, for a total of $75,000. Through OBEL the injured individual gets to decide which expenses are covered. For example, an injured party can choose to have the additional $25,000 coverage go towards lost wages. Note that OBEL coverage can only be utilized after the injured person has exhausted the initial $50,000 of basic economic loss coverage.