Calculating Damages in New York City Car Accident Claims: Factors to Consider

Calculating Damages in New York City Car Accident Claims: Factors to Consider

In New York, getting hurt in a car accident can be terrifying. An individual who has been hurt in such an accident has the option of suing the responsible party to recover damages for their losses. Accident victims may be eligible for compensation under New York law for both economic and non-economic damages. Victims may seek compensation with help from a car accident attorney New York City for their pain and suffering in addition to the financial loss they have incurred as a result of their injuries.

New York Auto Accidents: Economic and Non-Economic Damages

Economic damages, as the name suggests, are given as payment for the monetary losses you experienced as a result of an auto accident that was caused by the negligence of another in New York. This covers your hospital and medical costs as well as the wages you forfeited since you were unable to work following the injury.
General damages, often known as non-economic damages, are given to accident victims to make up for unquantifiable losses. It is difficult to determine the value of suffering, for instance, if you lose a loved one in an accident or experience severe physical pain followed by intense mental suffering.
However, the courts can only provide monetary compensation for your loss, therefore you are qualified to receive general damages. When you decide to file a personal injury claim, one of the elements under general damages is pain and suffering, thus it’s critical to know how to calculate this.

Do Pain and Suffering Damages in NYC Auto Accident Cases Have a Cap?

There is no cap on the amount of money you can get compensated for your pain and suffering in New York State. This indicates that you are qualified to obtain what is regarded as fair compensation. Because each person’s experience is different, there is no set formula for calculating pain and suffering.

Factors Affecting the Value of Your Car Accident Settlement

Your car accident attorney New York City will examine a number of elements to learn more about probable factors affecting the value of your claim as they help you evaluate how much compensation you may fairly expect following your auto accident. With this knowledge, you can proceed with more expertise to increase your compensation. 

1. Who was responsible for the accident?

How much compensation you should anticipate from an accident claim might be greatly influenced by figuring out who caused the accident.

2. What kind of property damage did your car collision cause?

In many circumstances, in addition to the vehicle itself, you could have severe property damages involving the things within the car. To obtain fair compensation for your losses, make sure to include them in your claim.

3. What wounds did the accident leave you with, and what medical care were those wounds in need of?

Speak to your attorney about all accident-related medical costs. Not simply the cost of the medical care you received, but also the co-pay and deductible you paid, should be included when calculating your compensation.

4. How much time did your automobile accident cause you to miss from work?

Financial ruin might result from lost time at work. While you’re healing from your injuries, you can lose your job frequently. Your bills keep flowing in the interim. In order to make money while recovering, you might use up your sick and vacation days.

Do You Require Legal Assistance With Your Car Accident Claim?

Having a car accident attorney New York City on your side increases your chances of obtaining the full amount of compensation you are due for any injuries you sustained in a car accident. After your accident, speak with a qualified personal injury lawyer at Siler & Ingber to learn more about your legal options, including how to file a claim and receive compensation.

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