Increases the minimum insurance coverage requirements for motor vehicles rented or leased in New York.

New York S01249 amends the vehicle and traffic law to increase the minimum insurance coverage requirements for motor vehicles rented or leased in the state. The bill sets a combined single limit of at least $1,250,000 for bodily injury or death to one or more persons and $25,000 for damage to a vehicle in the care, custody, and control of the insured. It applies to policies issued or renewed on or after the effective date of the act.

Increases the minimum insurance coverage requirements for motor vehicles rented or leased in New York.

New York S01249 amends the vehicle and traffic law to increase the minimum insurance coverage requirements for motor vehicles rented or leased in the state. The bill sets a combined single limit of at least $1,250,000 for bodily injury or death to one or more persons and $25,000 for damage to a vehicle in the care, custody, and control of the insured. It applies to policies issued or renewed on or after the effective date of the act.