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.

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

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