Maximum Compensation In NY: What’s Possible After An Accident?
Accidents in New York can lead to significant financial burdens. Understanding the maximum compensation available is crucial for victims seeking fair recovery. New York's no-fault system provides initial coverage, but serious injuries may allow for further claims.Medical expenses, lost wages, pain and suffering, and property damage are key areas for potential compensation. The state's Personal Injury Protection (PIP) covers up to $50,000 for medical costs and 80% of lost wages, capped at $2,000 monthly for three years.Pain and suffering settlements can range from $125,000 to $1.5 million, without statutory limits. Property damage claims have a minimum coverage of $10,000 per...
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