New York State Legislation formerly prohibited a rental automobile company from promoting Collision Damage Waivers (CDWs) in New York on rentals of 30 days or less of motor autos. It shall, nonetheless, be permissible to increase the interval of insurance coverage below the coverage of any interval less than twelve months, for the aim of arriving at a particular renewal date or for some other reasons handy to the insured, by cost of extra premium calculated on professional-rate foundation provided such insurance policies are renewed with the identical insurer immediately after the expiry of such an extension.
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With the elevated tightening of margins for the NEMT business shrinking on account of macro factors similar to medicaid funding, elevated fuel costs, and the like, drivers and firms are rushing to get as many trips completed as doable completed a day.
Each part needs to be read subject to the total phrases, circumstances and exclusions as set out within the Product Disclosure Statement (PDS) RAA Insurance coverage products are issued by RAA Insurance Limited, ABN 14 007 872 602, AFS Licence No. 232525.