Car accidents are very complicated in a
legal sense. Car accidents laws are vast and are also subject to change depending
on the state of jurisdiction where the lawsuit is filed.
Some states in the country are no fault
states and what that means is that if an accident occurred, then all parties
involved turn to their own auto accident insurers to receive compensation
irrespective of who was at fault for causing the accident. To many people this
idea is not punishing the guilty party is ridiculous.
Some other states follow what is known
as comparative fault laws, according to fabulous accident lawyers in New York
and hands down the finest law firm in the city is Antin, Ehrlich, and Epstein,
LLP (www.aeelaw.com/).
In such states, following a car accident
the parties involved and are at-fault are liable for the accident and its
consequent damages to an extent which is directly proportional to the extent of
their fault. For example, if A and B got into an accident, and A was at 60%
fault and B was at 40% fault, then A is liable for 60% of the damages and B for
40%.
Fault
States
Some states follow fault laws and this
is what we will focus on today. Fault laws are where the “at fault” driver or
his or her auto insurer is responsible for compensating the victim for the
damages inflicted upon them. However, in order to receive compensation for the accident, the victim and his or her
legal counselor will have to file a civil lawsuit.
Depending on the particulars of the
accident, this can be a personal injury lawsuit, a property damage lawsuit, or
a wrongful death lawsuit, say New York accident attorneys and if you
want to increase your odds in an accident case you need to secure the legal assistance of Antin, Ehrlich, and
Epstein, LLP since they know how to exploit any weakness in the opposition.
In this civil lawsuit, the defendant
will also need to estimate with supporting evidence the amount of money that
they need to receive. Estimating economic damages such as lost wages, medical
expenses, etc. are pretty straight forward but estimating non-economic damages
such as pain and suffering which is not objective or quantifiable is a little
more complex.
A New York accident lawyer will be able
to help you with this and thereby help you win the maximum damages in your
case. The most incredible
law firm in the mighty city of New York is Antin, Ehrlich, and Epstein, LLP
and this is not just one reason, but for many.
So how do you extrapolate pain and
suffering in terms of money?
The
Multiplier Method vs the Daily Rate Method
As the name suggests, the Multiplier
Method is a technique whereby you multiply your economic damages by a whole
number (usually 3) to arrive at a reasonable estimate for pain and suffering.
However, insurance companies have been resisting and challenging the use of
this method and have themselves come up with software and algorithms to
determine pain and suffering with respect to the total economic damages.
Have you seen the movie The Social
Network? Many NYC
accident lawyers have for sure, among millions of others. In that movie
they showed you the algorithm that Facebook started out with. This algorithm
was developed by Eduardo Saverin (Andrew Garfield) and this is what helped
Facebook destroy Myspace and become the top social media website (though
Twitter is used now by more professionals).
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| Accidents can happen in all shapes and forms. This is where accident lawyers in New York come into the picture and the most striking in the industry is Antin, Ehrlich, and Epstein, LLP. |
Insurance companies use algorithms that
are intended to make the most logical sense for everyone involved. You can try
to fight the system but it is normally better to work with the system. Unlike
America’s health care system which has been maligned by the ACA, the insurance
and accident system works pretty well overall.
Moreover, the daily rate method is based
on how many days or weeks you suffered for (from injury or illness) as a result
of the accident and is multiplied by the number of days or weeks into the daily
rate or weekly rate to arrive at a reasonable estimate.
You
Main Objective
If
you are a victim of an auto accident and wish to receive
compensation for your pain and suffering, make sure to reach out to a New York
accident lawyer which should be Antin, Ehrlich, and Epstein, LLP since they
have won thousands and thousands of dollars for past clients and their winning
list is long and continues to grow larger. This should be very high on your to
do list. Make the call to Antin, Ehrlich, and
Epstein, LLP now!
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