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Investigation Many times this investigation will consist of: Visiting the scene of the accident to take pictures. Obtaining any accident or incident reports regarding the event that forms the basis of your claim. Identifying all possible parties at fault and setting up claims with their insurance carriers.
You sustained a ?Serious Injury? as defined in Article 51 of the New York State Insurance Law; or. You sustained economic loss in excess of basic economic loss; typically, this means that you have sustained more than $50,000 in combined medical and lost wage payments.
However, many accident cases are left with minimal evidence because accident scenes are often quickly cleared away. With no witnesses or other evidence to back you up, your case could drag on. You can expect your case to last for at least a few months. The legal process is not very fast, even at the best of times.
But the value of a case is unique for every accident, which means it's hard to know how much your case is worth until you consult an experienced car accident lawyer. However, the average New York car accident settlement is considerably higher than in other states: about $287,000.
Insurance companies in New York have 35 business days to settle a claim after it is filed. New York insurance companies also have specific time frames in which they must acknowledge the claim and then decide whether to accept it, before paying out the final settlement.
The investigation process aims to gather all relevant information and necessary evidence to support your claim. Your lawyer will take the lead, contacting witnesses, consulting medical experts, and sometimes reconstructing accident scenes.
To get a general idea of settlement, add up the costs in medical bills, damages, and lost wages, and multiply the sum by three. This may be around the amount in the settlement you can receive after a car accident. Compensation for pain and suffering is only given to those who are injured in a car accident.
But the value of a case is unique for every accident, which means it's hard to know how much your case is worth until you consult an experienced car accident lawyer. However, the average New York car accident settlement is considerably higher than in other states: about $287,000.
Key Stages to Making a Compensation Claim Initial Instructions. ... Letter of Claim. ... Collating Evidence. ... If Liability is Admitted. ... Obtaining Medical Evidence. ... Preparing a Schedule of Financial Losses. ... Negotiating Settlement. ... If Liability is Denied.