The New York legislature has passed legislation that would make Supplemental Underinsured/Uninsured Motorist (SUM) coverage automatic in New York motor vehicle insurance policies. If the bill is signed by Governor Cuomo, insurance policies written after that date will provide SUM coverage in an amount equal to the bodily injury limits unless the insured signs a waiver.
SUM coverage protects drivers or passengers (and the spouse of a named insured) who are injured by the negligence of someone else who is either uninsured or underinsured. When the other driver is uninsured, SUM coverage will provide you with up to $25,000 (or more if you purchased additional coverage) for your accident-related injuries. Underinsured coverage comes into play when the value of your injuries exceeds the bodily injury policy limits of the negligent driver’s vehicle. In that case SUM coverage will permit you to recover up to the policy limits of your SUM coverage less the amount of the bodily injury policy limits of the negligent driver.
Time limits apply to making a SUM claim so if you are injured in a motor vehicle accident you should promptly contact a knowledgeable attorney such as the attorneys of Spiegel, Brown and Fichera, LLP to find out if SUM coverage may apply to you.