Car accidents can strike anytime and anywhere to any driver. In the state of New York, such instances can occur and impact both drivers and passengers. In fact, the New York City Police department reported a total of 228,047 auto accidents citywide back in 2018. This number can be broken down further to 19,000 incidents per month, 4,750 per week, 678 per day, 28 per hour, and 1 every 2 minutes.
Remember that car accidents can lead to severe physical injuries and even the loss of lives. When this happens, you have the option to seek out financial compensation for the damages caused. However, keep in mind that New York is one of the states with “no-fault” auto accident compensation and insurance laws. If you get into a car accident, you must file a claim against your own insurance for the injuries, but this rule can be bypassed if the injuries are deemed severe and permanent.
In this article, we will discuss more about the four types of economic damages related to car accidents in New York, how you can file a claim, and what you can recover:
1. Car repair or replacement
A car accident will most likely end up in vehicle damages. It’s not a problem if you’re dealing with a few dents, dings, or scratches on the surfaces. But if it’s a serious vehicle collision, expect your car to be completely damaged, where you will need a vehicle repair or, worst, a replacement. In this case, the overall cost may be covered by your insurance or the party at fault.
2. Medical expenses
A car accident will most likely result in physical injuries, where you, the other party, or the rest of the people involved might require immediate medical treatments. The good thing is that medical expenses are the most common damage covered by car accident liability insurance. These include the medical costs incurred during the accident and other medical expenses for a long-term injury. In New York, you are covered by your own insurance up to $10,000, and if the overall cost exceeds this, you may seek reimbursement from the party at fault.
3. Lost wages
Personal injuries will often leave some individuals unable to go to work, where they risk missing out on payments due to their work absences. If you are financially affected by a lost wage because of an injury caused by a car accident, you can seek compensation for the damages. These typically include reimbursement for lost wages and a settlement for future lost salaries.
4. Funeral expenses
While this is something that most people don’t want to happen, a car accident can sometimes end up in the loss of life. If you’re the spouse or a family member of the deceased individual, you may seek economic damages for the wrongful death, which will include the funeral expenses and burial costs.
Conclusion
At this point, we’ve covered four types of economic damages brought by a car accident that you can recover—vehicle repair or replacement, medical expenses, lost wages, and funeral expenses. To that end, be sure to consider all the valuable information discussed above, and work with a highly reliable auto accident lawyer who can help you file a claim and seek compensation for the damages.
If you have been involved in a vehicle collision and need an accident lawyer, rest assured because we’ve got you covered! We have a team of highly reliable attorneys specialized in various areas of practice such as personal injury, civil rights, medical practice, traumatic brain injury, sexual harassment, and auto accidents. If you need a car accident attorney in New York, NY, get in touch with us today to see how we can help!