New York State has a no-fault insurance system that will pay for medical bills, prescription costs, household services, transportation to medical providers, and lost wages up to the amount of coverage selected by the policyholder. Generally, you will be reimbursed by your own insurance company for damages, regardless of who was responsible for causing the accident. New York requires registered motor vehicles to have liability insurance with minimum coverage amounts as follows: $25,000/$50,000 for bodily injury per person. $50,000/$100,000 for death. $10,000 for property damage per accident. However, no-fault is unlikely to cover the losses if you have significant damages that go beyond policy limits and create a major impact on your life. You are, therefore, able to sue or make a claim against the vehicle that is at fault—if you reach the no-fault threshold of having a serious injury under the law.