Increases the minimum insurance coverage requirements for motor vehicles rented or leased in the state

This bill raises the minimum insurance requirements for vehicles rented or leased in New York. It specifically increases the bodily injury/death coverage limit for rental/lease vehicles from $25,000 to $1,250,000 per accident, while keeping standard vehicle limits at $25,000 per person. Rental companies must provide proof of this higher coverage when leasing vehicles, and they become personally liable if coverage lapses. This directly affects rental businesses, their customers, and insurers by requiring stronger financial protection for accidents involving rented vehicles.