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What is loss transfer in NY?how does it work?

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What is loss transfer in NY?how does it work?

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  1. Loss Transfer in NY relates to No-Fault benefits paid out and the insurance company's eligibility to recover from the at-fault party.  

    To recover, the at-fault vehicle must weigh at least 6500 lbs or be a livery vehicle.  

    Under certain circumstances a WC carrier can file a loss transfer claim too.

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