Under the New York No Fault coverages, what is the daily benefit for substitute services for basic economic loss?

The daily benefit for substitute services under New York No-Fault insurance covers essential services that an injured party might be unable to perform due to their injuries. According to the New York No-Fault law, the correct daily benefit for substitute services is indeed set at $25 per day, up to a maximum coverage period of one year. This benefit is intended to assist individuals with the costs associated with hiring help for tasks such as housekeeping, childcare, and other essential services they are temporarily unable to perform themselves because of an accident-related injury.

This financial support is crucial as it allows individuals to maintain a level of normalcy in their daily lives while they recover from injuries, further highlighting the importance of No-Fault insurance in safeguarding basic economic interests. Other options do not align with the established regulations for substitute services benefits under New York No Fault coverage, reinforcing that $25 per day is the standardized amount provided for this purpose.