What Do Car Accident Law Suits Pay?

What do Car Accident Law Suits pay? 

If you have been injured in a car accident, it is possible to claim damages for the pain and suffering that you endured. The amount of compensation you can claim can depend on the type of accident and the amount of damage done. You may also be able to claim damages up to the limit of your insurance policy. There are also multipliers based on the severity of your injuries. It is important to know the statute of limitations if you are pursuing a lawsuit in New York.

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Compensation for pain and suffering 

Pain and suffering in a car accident lawsuit can be difficult to quantify. It can include physical pain, mental anguish, inconvenience, stress, and loss of enjoyment of life. Pain and suffering claims can also be based on emotional distress, including post-traumatic stress disorder. The legal system will not be able to take away your pain, but you can receive monetary compensation for it. 

To prove your case for pain and suffering, you should gather various types of documentation to support your claim. Medical bills will show the extent of your injury, and written diaries can capture your emotional distress. 

Damages up to your policy limit 

Car accident lawsuits pay damages up to your insurance policy limit if you are at fault for a car accident. However, if you are at fault for an accident and you feel your insurance policy will not cover the entire amount, you can file a lawsuit against the driver who hit you. However, you should know that a lawsuit can hurt your reputation and you may not receive full compensation. Moreover, your insurance company is unlikely to offer a settlement unless you have sufficient funds to cover it. 

In addition to monetary damages, your BIL policy can cover your medical costs, lost wages, and other expenses. Your no-fault insurer will pay up to 80% of these costs. The amount of these costs will depend on the severity of your injuries, but it is important to remember that severe injuries will result in larger economic losses. 

Multipliers based on the severity of injuries 

Several factors influence the level of pain and suffering associated with an injury. For example, if a person has to undergo repeated medical care for pain or has permanent impairments, then their multiplier will likely be higher. Similarly, if the injury is serious enough to reduce a person’s life expectancy, the multiplier will be higher. 

The multiplier a person is awarded in a car accident lawsuit is based on the severity of his or her injuries. For example, a person with minor injuries and a short recovery time may receive only a multiplier of 1.5 to two. However, if a person suffered severe injuries with long-lasting effects, the multiplier could reach five. 

Statute of limitations for filing a lawsuit in New York 

The New York State statute of limitations governs personal injury lawsuits. A personal injury lawsuit must be filed within three years of the date of the accident or the injury. However, there are exceptions to this limit. In these instances, it is advisable to consult a Long Island car accident attorney to file a lawsuit. 

The statute of limitations for filing a car accident lawsuit varies depending on the type of lawsuit. A personal injury lawsuit has a three-year deadline, while a wrongful death claim is limited to two years. In both cases, there are exceptions to the deadline. 

What Do Car Accident Law Suits Pay? | Montag Law Office