You may have heard that your insurance claim is ‘capped’. What does that mean and how does it affect your claim?
Decades ago, a ‘cap’ was put in place to limit awards for pain suffered by people hurt in motor vehicle crashes. People with so-called ‘minor injuries’ found their claims significantly shrunk. Worse, the ‘cap’ was badly explained and confusing for injured people, lawyers, and judges.
Governments have now increased that ‘cap’ amount and cleared up the meaning. As of 2024, the ‘cap’ amount in New Brunswick is nearly $10,000. We all know inflation affects prices. Fortunately, the cap grows each year with inflation.
The ‘cap’ is limited to bruises, scrapes, cuts, sprains, strains, and whiplash without complications without complications. If you have other injuries – including psychological injury, complex whiplash, or concussion – your claim likely is not capped.
Despite any ‘cap’ on pain damages from a motor vehicle accident, you can still get paid for lost income, medical care costs, and for paying others to do household chores (shovelling snow, mowing lawns, cleaning bathrooms, etc.).
Talk to us at Remedy Law. We know how to maximize your recovery.