How are car accident injury settlement amounts determined in New York State?


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Question:

How are car accident injury settlement amounts determined in New York State?

Answer:

When you are looking at car accident injury settlement amounts in NY state, you need to look at the type of injury it is that you have sustained. That is the major factor as well as they type of coverage that the person responsible for the accident had as well. In New York, there are predetermined maximum amounts you can in essence receive that will cover your medical bills as well as any lost wages you may have incurred as a result of the accident. Of course, it is all dependent on the course of action you take when trying to get the maximum settlement amount in New York.

Options to Consider

In order to determine which is the best option for your settlement, you need to know which way to look. This means you need to decide how you will go about finalizing the settlement and how you will go about getting the money you deserve. Here are your two major options:
  • Use insurance companies. In this situation, you will let the insurance companies work out the settlement based on premiums as well as the coverage carried by the person who caused the accident. This amount is predetermined and once you agree to it, your settlement is done.
  • You can go to court and try to get more than the insurance company is offering if you believe you are entitled to more. If this is the case, you will need to make sure to track all of the losses as well as medical bills you incurred as a result of the accident that you were in.
No matter what the situation is, you need to consult an attorney. He will be able to maximize your settlement in New York no matter which route you take.
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