What Is The Law In A Car Accident Lawsuit An Out 9% Interest?

What Is the Law in a Car Accident Lawsuit? 

Whether you’re looking to sue for pain and suffering or to collect a large amount of money for your medical bills, you should know what the New York car accident statute of limitations is. While you’ll need to prove that you were less than 51% at fault, this statute limits the amount of pain and suffering compensation you can receive.

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New York’s statute of limitations for filing a car accident lawsuit 

If you’ve been in a car accident in New York, you need to file a lawsuit as soon as possible. The statute of limitations in New York is three years for personal injury claims and two years for wrongful death claims. It may be tough to file a lawsuit on time, but an experienced car accident attorney can help you make the most of your case. 

The statute of limitations in New York applies to all state laws. Generally, if you file a lawsuit after the statute of limitations has expired, the courts won’t hear your lawsuit. The other party’s insurance company will investigate the accident and decide whether to pay your claim, settle it, or defend it. They may also deny your claim if you’re not cooperative with them. 

It requires you to be under 51% at fault 

If you have been involved in a car accident and were partially at fault for the accident, you can still get compensation. Most states allow you to get some compensation even if you were under 50 percent at fault. However, you have to be under 51% at fault to get full compensation. 

It limits the amount of pain and suffering compensation you can get 

If you were involved in a car accident and were injured in the accident, you have the right to sue the at-fault driver and get compensation for your pain and suffering. While the no-fault insurance policy doesn’t specify how much pain and suffering you can recover in a car accident lawsuit, the insurance company will factor in that compensation. To calculate the amount of pain and suffering you are eligible for, the insurance company will multiply your hospital bills by a pre-determined number. 

There are several ways to calculate pain and suffering compensation. One method involves multiplying the economic damages by a multiplier of between one and five. This method can result in a lower award. 

What Is The Law In A Car Accident Lawsuit An Out 9% Interest? | Montag Law Office