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What is the Motor Vehicle Accident Indemnification Corporation or MVAIC?

MVAIC was established by Article 52 of New York State Insurance Law to cover No-Fault and injury claims where there is no other car insurance available. MVAIC insurance covers all basic coverages in a motor vehicle insurance policy, including:  No-Fault benefits and liability coverage.  Under MVAIC’s No-Fault provisions an MVAIC policy covers:

  • Up to $50,000 in hospital and medical bills;
  • 80% of lost earnings up to $2,000 a month;
  • $25 per day, for up to one year following the accident, to reimburse out of pocket expenses related to the accident (hiring a caretaker, pharmacy costs, transportation to doctor appointments, etc.);
  • $2,000 in the event of an accident related death, paid to the estate of the covered person.

You are required to file a No-Fault application within 30 days of the accident to be eligible for benefits.  In addition, MVAIC insurance policies cover New York State’s minimum policy limits for liability coverage, $25,000 per person and up to $50,000 for all claims arising from the same accident.

When Are You Eligible for MVAIC Benefits?

There are many very specific requirements to be eligible for MVAIC Benefits.  Specifically:

  1. The accident must have been reported to the police within 24 hours;
  2. You must have no other available car insurance to cover the loss;
  3. The accident must have happened in New York;
  4. You were not the owner of the uninsured car involved;
  5. You were not the spouse of the uninsured car involved
  6. You must file a No Fault Application Form within 30 days – to qualify for No-Fault Benefits
  7. You must file a Notice of Intention Form within 90 days of the accident if the accident was a hit and run accident.

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If you have any questions concerning MVAIC benefits, contact our experienced lawyers for a free consultation by calling (718) 364-4000.   You can also get started by simply filling out one of our case intake forms and we will have one of our attorneys get right back to you.

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