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Although you're the one being sued, your insurance company is still responsible for paying the damages up to your policy limits. While the plaintiff may ask for more than the maximum limits that your insurance policy allows, the vast majority of court settlements do not exceed the defendant's policy limits.
In an injury case, any costs you have incurred or paid out of pocket as a result of your injury are called economic damages. Since the law allows a victim to be restored to a pre-injury state, there is no cap on economic damages in a Tennessee car accident case.
In addition to notifying VAM by completing this form, you must report all accidents to CORVEL, the State of Tennessee Accident Call Center within 24 hours by calling 855-253-0629.
Tennessee damage caps However, Tennessee does place a cap on non-economic damages in the amount of $750,000. In cases where the plaintiff suffers ?catastrophic injuries,? the $750,000 cap is increased to $1 million.
The average settlement for car accident claims in Tennessee is $31,262. Your settlement will depend on the severity of your injuries, medical costs, shared liability, and the circumstances of the accident.
Tennessee is not one of those states. Tennessee is considered a ?fault state,? meaning that if you are injured in a car accident here and another driver is at fault, you may be able to recover damages from them and from their insurance company in a personal injury suit.
The state of Tennessee provides a one (1) year statute of limitations for a personal injury case, meaning that injured persons must take legal action within this one-year window in order to make a valid claim.
Maximum Amounts of Pain and Suffering Damages Tennessee puts a cap on how much a person can be awarded for pain and suffering. The most a plaintiff can recover in a civil action is $750,000. However, that figure does increase in the case of limb amputation, severe burns and spinal cord injuries.