ALBANY – A new law enrolling every New York driver in pricier auto insurance doesn’t just apply to individuals’ car insurance policies.
New Yorkers may opt out of the added coverage, which, according to the state Department of Financial Services, costs anywhere from $20 to $84 annually.
Because of the state law, commercial auto insurance policies that protect businesses are also generally automatically enrolled in the expanded coverage.
In many instances, carrying the “supplemental spousal liability insurance” will not make any sense for businesses, according to insurance industry officials.
In others, a commercial vehicle carrying such coverage would provide a business protection, according to a Buffalo trial lawyer who specializes in insurance law.
Many insurance companies opposed the law. But as The Buffalo News reported last week, the state law that took effect Aug. 1 forces insurance companies to enroll every New Yorker holding a personal car insurance policy in “supplemental spousal liability insurance” – even those who are unmarried.
If a driver has the coverage and is at fault for an accident causing serious injury to their spouse, the injured spouse may sue their significant other, who was driving, and seek insurance payment from…
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