What Is The Value Of My New York Car Accident Case?

Valuing a car accident claim in New York can be a complex process. Our New York Car Accident Attorney can help you determine what your case is worth.

how much is your car accident settlement worth NY — Attorney Anthony Ferrante recently secured a $1 million car accident injury settlement for a client who was rear-ended in Queens.

The state follows a no-fault insurance system.

Regardless of who is at fault for the accident, each driver’s own insurance company will cover their medical expenses and lost wages up to a specific limit. This is known as personal injury protection (PIP) coverage.

PIP coverage doesn’t include fault-based damages, such as pain and suffering. To collect additional compensation, you must meet certain criteria under New York insurance laws.

What Is Average Car Accident Settlement in New York?

Navigating the aftermath of a car accident can be a challenging and overwhelming experience, especially when it comes to determining the average car accident settlement New York.

While there is no average car accident settlement, factors such as the severity of the accident, extent of injuries, and impact on the victim’s life play a pivotal role in determining settlement amounts. An experienced New York personal injury attorney will fight for maximum compensation tailored to the client’s unique circumstances.

Want to know how much your New York car accident case is worth? Contact attorney Anthony A. Ferrante now to schedule a free consultation.

What is the Difference Between PIP Coverage and Personal Injury Claims?

Before bringing a claim against a third party, you must first go through your own PIP coverage. This means you must exhaust your PIP benefits before seeking compensation from the other driver’s insurance company or the other driver.

You must meet the threshold for serious injury to bring a claim against a third party. This criterion includes injuries such as significant disfigurement, broken bones, or permanent loss of a body function. If your damages exceed $50,000, you might also be eligible to bring a personal injury claim.

If your injuries or damages do not meet this threshold, you will be limited to recovering expenses through your PIP coverage and will not be able to bring a claim against the other driver.

What Primary Factors Impact Your Car Accident Case Value in New York?

Several factors will impact your potential case value if you move beyond the no-fault system in New York. These primary factors are injury severity, liability, damages, and available insurance coverage.

Injury Type and Severity

The severity of your injuries will play a significant role in determining the value of your claim.

Injuries such as broken bones, traumatic brain injuries, and spinal cord injuries are considered more severe than soft tissue injuries, such as sprains and strains. The more severe your injuries, the higher the value of your claim will likely be.

Attorneys and insurance companies look at how your injury impacted your life too. Two people with similarly broken bones could have different valuations.

Perhaps one victim required multiple surgeries and has a permanent limp. Their case might be worth more than someone else whose broken bone healed without complications.

Liability

Liability refers to who is at fault for the accident. In a no-fault state like New York, liability is not always as important as it would be in a traditional fault state. However, if you do meet the threshold for serious injury, liability will be considered when determining the value of your claim.

Damages

Damages refer to the expenses and losses you have incurred due to the accident. This includes medical expenses, lost wages, and any other out-of-pocket expenses. Additionally, you may also be able to claim compensation for pain and suffering and lost earning capacity.

Available Insurance Coverage

The amount of available insurance coverage will also play a role in determining the value of your claim. If the other driver has a high amount of insurance coverage, your claim’s value may realistically be higher. Additionally, having underinsured or uninsured motorist coverage can also increase the value of your claim.

When valuing a car accident claim, it is important to consider all of your expenses related to the accident, including medical bills, lost wages, and any other out-of-pocket expenses. You should also consider the long-term impact of your injuries on your ability to work and earn a living. Personal injury claims allow for future medical expenses, future loss of earning capacity, and more.

Why You Should Hire a New York Car Accident Lawyer

We recommend hiring an experienced New York car accident lawyer, like Anthony A. Ferrante, who can guide you through the process of valuing your claim and help you navigate the legal system.

Mr. Ferrante can also help you negotiate a settlement with the insurance company or take your case to trial if necessary.

New York’s no-fault insurance system makes valuing a car accident claim complicated. To bring a claim against a third party, you must first go through your own PIP coverage and meet the threshold for serious injury. Don’t try to figure out the New York legal system alone.

Instead, let Mr. Ferrante help you fight for the compensation you deserve. Contact our office today to schedule an initial consultation to learn how we can assist you.

I truly felt like they had my best interest at heart and wanted nothing more than a full recovery for me.”

– Breanna R.

When close family member suffered a debilitating accident we realized we would need a lawyer. Thank god we were referred to Jeff Koenig.

– Eileen M.

He made the process smooth, concise, and he also maintained constant communication with me; never missing in action or hard to contact.

– Marcia S.

Anthony Ferrante is incredible attorney. My injury was life altering and I was in a really bad place. He immediately made me feel like there was light at the end of the tunnel...

– Benjamin C.

I felt very comfortable and confident in selecting both Anthony and Jeff to represent me. They were honest, truthful, and always available.

– Keston B.

Anthony let me know what to expect and I was never surprised by the next step. Although I hope to never need to call a lawyer again, if I had to, I would go with Anthony.

– Dan

He was not only patient, professional, and easy to talk to, but he explained everything going on so i could understand it. I felt I was in great hands...

– Susan B.

If it weren't for them I would have never got the medical care and treatment I needed to be able to function. They took my case and we won.

– Juan R.

Anthony stayed in contact from beginning to end. My ending results were great. We won the case and I'm extremely happy of the outcome.

– Venessa

I’m very impressed in the manner I was treated. Very professional! I’m happy with the services provided. The Best injury lawyers in the market here.

– Oscar B.

Called for a consultation and he not only rendered helpful Info and insight, but also extended his help to me with regard to any future assistance I might need! Very patient and kind...

– Shana

I had a slip and fall in a building, causing me multiple injuries. They are remarkable. Answered all my questions and concerns. Very professional and helpful.

– Zoila C.

His patience and attention to detail is second to none. Unlike many lawyers, he was very communicative and informative throughout the entire process.

– Brian C.

He is such a professional attorney who truly cares about his clients. He is patient and knowledgeable and explains how the process works from start to finish.