What are the Damage Caps for Personal Injury Settlements in New York?
For those who have suffered injuries because of another person’s negligence, one of the first questions they might ask is “how much money can I receive?” It is an important question. After all, medical costs have never been higher, and you might have missed wages due to your injury. As the bills start to pile up, you need to know exactly how much money you stand to receive so that you can start budgeting and planning for the future.
The answer to this question depends on a number of factors. One of these factors is something called a “damage cap.” New York has its own unique set of laws regarding damage caps in personal injury cases, and it is important to have a general understanding of these damage caps as you approach a personal injury claim or lawsuit.
Of course, the best thing you can possibly do before venturing into the legal world is to hire an experienced personal injury attorney in New York. These legal experts can explain a wide range of different topics to you, including those related to damage caps. They can give you an accurate estimate of exactly how much money you might receive in your settlement, and they can guide you through the legal process in an efficient, dignified manner.
New York Has No Damage Caps for Personal Injury Cases
New York is one of the best states for injured plaintiffs because there are no damage caps whatsoever for personal injury cases. This means that there is theoretically no limit to how much compensation you might receive from compensatory and punitive damages, both economic and non-economic. This includes all the various types of personal injury lawsuits, such as:
Slips and Falls
It is worth noting that many other states have low damage caps for various personal injury cases. In Colorado, non-economic damages for medical malpractice cases are capped at $250,000. In Florida, this damage cap is reduced even further to just $50,000.
So Who Decides How Much Money I Will Get?
In the case of a personal injury lawsuit, the jury will be responsible for determining exactly how much money you should receive as a result of your injuries. It is assumed that these individuals will act in a reasonable manner, awarding a fair sum of money after taking the arguments of both parties into account. A skilled attorney can convince the jury that you should receive your target amount of compensation.
Enlist the Help of a Qualified Personal Injury Attorney Today
If you are approaching a personal injury claim or lawsuit, it makes sense to hire the best personal injury lawyer you can possibly find. If you have been searching New York for a qualified, experienced personal injury attorney, look no further than The Glassman Law Group. We have considerable experience with a wide range of personal injury cases, and we can explain the overall process to you in a clear, concise manner. Reach out today, and we can set up a consultation and develop an action plan together.