If you’ve sustained an injury in a car accident due to no fault of your own, you’re most likely now seeking financial compensation to help cover the cost of your medical bills, lost wages, and other damages you’ve incurred as a result of the incident. Please continue reading and reach out to a dedicated New York City personal injury lawyer from the Law Office of Richard M. Kenny to learn more about how car accident settlements are calculated in NYS and how our legal team can help you through the process. Here are some of the questions you may have:
What is a car accident settlement?
A car accident settlement is a financial agreement. It compensates victims for losses incurred due to a car accident. In these agreements, the responsible party or their insurance company pays the victim. This payment aims to cover various damages, such as medical expenses and lost wages. Settlements are negotiated outside of court, often with the assistance of attorneys.
How are car accident settlements calculated in New York State?
Calculating settlements in New York State involves several unique considerations. New York is a “no-fault” insurance state. This means each party’s insurance covers their own damages, regardless of who caused the accident. However, for serious injuries or damages exceeding a certain threshold, victims can pursue claims against the at-fault driver. The compensation amount typically depends on factors like the severity of injuries and the impact on the victim’s life. Medical bills, lost earnings, and property damage are usually the starting point. Pain and suffering, often harder to quantify, are also taken into account. New York law also considers comparative negligence, which can reduce compensation if the victim was partly at fault.
Should I hire an attorney to help maximize my compensation?
Navigating the complexities of car accident settlements can be challenging. An experienced personal injury attorney provides invaluable assistance. Attorneys understand the nuances of New York’s laws and insurance policies. They can effectively negotiate with insurance companies, aiming to secure fair compensation. Legal representation is particularly crucial when dealing with severe injuries or disputes over fault. Lawyers also help in quantifying non-economic damages like pain and suffering. With an attorney, you’re more likely to achieve a settlement that truly reflects your losses and future needs.
If you have any further questions or you’d like to file a personal injury claim, please don’t hesitate to contact our legal team today.
CONTACT OUR EXPERIENCED NEW YORK CITY FIRM
Our entire legal team is dedicated to providing the advice you need and the personalized attention you deserve. If you have been injured due to another party’s negligence, call 866-886-0892 or fill out our contact form to schedule a free consultation with a New York City personal injury lawyer. You may be entitled to financial compensation, which can help you on your road to recovery.