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In New York, Optional Basic Economic Loss (OBEL) coverage provides how much ADDITIONAL coverage above the standard PIP $50,000 limit?

Q: In New York, Optional Basic Economic Loss (OBEL) coverage provides how much ADDITIONAL coverage above the standard PIP $50,000 limit?

$25,000 — Optional Basic Economic Loss (OBEL) is a New York no-fault add-on regulated under 11 NYCRR § 65-1 (Reg 68). It provides an additional $25,000 of coverage stacked on top of the mandatory $50,000 Basic Economic Loss. The insured may apply the OBEL benefits toward any of the three economic-loss categories (medical, lost earnings, or other expenses) once the underlying $50,000 has been exhausted. Combined OBEL + PIP cap = $75,000. OBEL is not the same as APIP, which is a separately purchased supplemental layer with broader terms.

$25,000

B$10,000

C$50,000

D$100,000

Why this is the answer

Optional Basic Economic Loss (OBEL) is a New York no-fault add-on regulated under 11 NYCRR § 65-1 (Reg 68). It provides an additional $25,000 of coverage stacked on top of the mandatory $50,000 Basic Economic Loss. The insured may apply the OBEL benefits toward any of the three economic-loss categories (medical, lost earnings, or other expenses) once the underlying $50,000 has been exhausted. Combined OBEL + PIP cap = $75,000. OBEL is not the same as APIP, which is a separately purchased supplemental layer with broader terms.

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