Are there caps on damages awarded in a boating accident case?

In New York, there are caps placed on damages awarded in a boating accident case. This means that the amount of money that a person can receive from a lawsuit resulting from a boating accident is limited. The amount of compensation awarded in these cases is based on the type of injury that was sustained. For instance, if a person sustained a permanent physical injury from the accident, the amount of damages awarded in the case is capped at $250,000 for non-economic damages. This means that the damages awarded for pain and suffering, mental anguish, and loss of enjoyment of life are limited to this amount. Economic damages, such as lost wages and medical bills, are not subject to caps in New York. There is no cap on the amount of money that can be awarded for economic damages in a boating accident case. It is important to note that there are certain exceptions to the cap on non-economic damages imposed in New York. For example, if a person was killed or became permanently disabled as a result of the accident, the cap on damages may be increased. In any case, it is important to speak to an experienced boating accident lawyer as soon as possible in order to ensure that you receive the maximum amount of compensation possible. Your lawyer will be able to explain the laws and regulations regarding caps on damages in boating accidents and guide you through the process of filing a lawsuit in order to receive the compensation that you are entitled to.

Related FAQs

Is negligence a factor in a boating accident case?
What are the defenses to a boating accident claim?
Who can be held responsible for a boating accident?
What types of damages can I receive in a boating accident settlement?
What types of legal action can I take if I am involved in a boating accident?
How can I get help if I cannot afford a lawyer for my boating accident case?
Are there any defenses to liability in a boating accident case?
What type of legal representation should I seek when filing a boating accident case?
What type of insurance do I need to protect my vessel and myself in the event of a boating accident?
Are there any special rules for filing a boating accident claim?

Are there caps on damages awarded in a boating accident case?

Related FAQs

Related Blog Posts