Should I Accept a Settlement Offer for My New York City Uber Accident?
Increasing numbers of residents and visitors in New York City are turning to Uber for their transportation needs because it is typically cheaper than yellow taxis. However, when traveling within the five boroughs, passengers are covered up to $100,000 per person and $300,000 per accident. It isn’t until you get outside of NYC that the ridesharing insurance increases to $1.25 million per accident. Given this vast discrepancy, it’s always best to discuss your claim with an NYC Uber accident lawyer before accepting a settlement offer.
Uber coverage for commercial drivers
New York City has some of the strictest rideshare regulations in the nation. All Uber rides in New York City are regulated by the NYC Taxi and Limousine Commission, which requires each Uber vehicle to purchase a commercial insurance policy.
Accidents that occur on trips originating in any of New York City’s boroughs are covered by those policies. Under the New York Taxi and Limousine Commission, Uber drivers who are transporting up to eight passengers must carry a minimum of $200,000 of No-Fault insurance and liability policies that cover at least $100,000 per injured person and $300,000 per vehicle accident.
This sounds like plenty of coverage at first, but once you do the math, it’s pretty clear that $300,000 per crash will not come close to compensating a passenger who suffers a catastrophic injury. If injuries meet New York’s threshold, your personal injury attorney will be in a position to step outside of the No-Fault system and sue for appropriate damages.
With competent legal representation, those who suffer a traumatic brain injury, broken bones, loss of limb, and other debilitating harm can pursue monetary damages to cover medical bills, lost income, and other losses.
Negotiating Uber accident settlements
Regardless if you’re an Uber passenger or another driver involved in the accident, never agree to a settlement without first speaking with a lawyer. Without adequate legal counsel, you could be agreeing to a payout that is much less than what is deserved.
Quick settlement offers are often an indication that Uber’s insurance company wants to minimize its liability by closing the case. Settlement agreements are legally binding contracts that, once signed, prevent you from seeking further compensation.
Insurance companies want to pay as little as possible on Uber accident claims, and they will take advantage of those who forego legal counsel. The New York City car accident lawyers of Douglas & London understand the complexities of rideshare vehicle accidents. We can help victims pursue maximum compensation through either settlement negotiations or bringing a personal injury lawsuit under the right circumstances.
Seek the full value of your car accident claim
Car accident injuries can have life-long implications that aren’t apparent right away. Given these high stakes, you don’t want to let the insurance claims adjuster decide the value of your case. We work with industry professionals and medical experts who help us determine the lasting effects of your injuries and how they impact the quality of your life.
An Uber accident settlement should be carefully calculated, so that it accounts for both your economic and non-economic damages, including:
- Past, current, and future medical expenses
- Lost income
- Loss of future earnings
- Rehabilitation expenses
- Emotional trauma
- Pain and suffering
Contact us for a free case evaluation
If you were injured in an Uber accident in NYC, don’t hesitate to contact a personal injury lawyer at Douglas & London for sage legal guidance. The initial consultation is free, and if we determine you’re entitled to money damages, we’ll work diligently to maximize your settlement.
Our experienced attorneys have secured more than $4 billion in settlements and judgments for our clients and offer results-driven representation in Uber accident claims on a contingency fee basis—we only get paid when you do.