In New York the minimum required insurance for automobiles is $25,000 per person and $50,000 per accident. But what happens if your personal injuries have cost you more than $25,000 in damages? If you have your own automobile you may be entitled to make an uninsured/underinsured motorist claim with your own insurance company. However, you cannot recover any money from the uninsured/underinsured insurance unless you exhaust the primary insurance. You also would usually need the uninsured/underinsured company’s consent to settle your case. This type of insurance is very important when dealing with a hit and run accident where you cannot figure out who injured you. You may also have rights to file a claim with the New York State MVAIC program for up to $25,000 in damages for hit and run accident with no known drivers or owners of the vehicle that injured you. Attorney advertising. Prior results do not guarantee a similar result.