What is Supplementary Uninsured/Underinsured Motorist

In New York, in addition to mandatory liabililty insurance, motorists are required by law to carry either Uninsured Motorists Coverage or Supplementary Uninsured/Underinsured Motorists (SUM) coverage with their car insurance policies. Uninsured/Underinsured Motorist “Uninsured Motorists” (UM) coverage pays a policyholder Continue reading What is Supplementary Uninsured/Underinsured Motorist

New York Restrictions on Insurance Cancellations

Most states have similar statutes regulating insurance companies’ power to cancel or “non-renew” insurance policies.  Under the New York State Insurance Law, for most types of insurance policies, insurance companies may cancel a policy for underwriting reasons within the first Continue reading New York Restrictions on Insurance Cancellations