The yellow taxi cab is a fixture on NYC roadways. These taxis pick up fares
all throughout NYC. There are other types of for-hire vehicles. In fact,
there are over 50,000 licensed cab drivers in the Big Apple, and this
is just counting medallion drivers. There are numerous unlicensed taxi
cab drivers as well.
Experienced NYC personal injury attorneys know that each shift, a taxi cab driver could log almost 200 miles. Anytime
a single driver is operating a vehicle as this rate,
car accidents are bound to occur—and they do, frequently.
While licensed taxi cabs must carry liability coverage at a rate higher
that operators of private vehicles, the coverage amounts might not be
enough to cover a victims injuries if one is involved in a taxi cab accident.
Especially since the maximum coverage amounts apply to all persons in
a single accident; so the proceeds must be divided among the victims.
Considering that many taxis carry more than one passenger at a time, the
proceeds of an insurance adjustment tend to run thin for each party.
The maximum coverage for one injured party is $100,000, so even if only
one passenger is injured in the
taxi cab accident, this money will not go far if the victim’s injuries are severe.
Of course, the maximum $300,000 for multiple victims does not go far if
each victim has a serious injury.
As mentioned above, some taxi cab drivers are not licensed. These drivers
most likely will not have the higher coverage amounts. The individual
victim involved in accidents with these taxis will only receive a max
of $25,000, while $50,000 is the maximum for multiple victims.
In addition to these amounts,
New York’s No-Fault laws will apply to compensate a victim of a taxi cab accident. However, the
minimum No-Fault coverage is $50,000 and this is what the taxi company
will most likely have in additional coverage.
Reporting the accident to the taxi driver’s insurance company is
imperative. But do not rely on the driver to report the accident. You
should not handle this alone. Any time an insurance company needs to be
contacted after an accident, an experienced personal injury attorney should
do the talking for you. Remember, insurance companies try first and foremost
to limit their exposure to paying out money on claims and it is easy to
be “tricked” into saying something that you should say. The
insurance company doctors are not on your side either, they will try to
limit your claims.
You are entitled to receive compensation for all of your unreimbursed damages.
Medical costs, including rehabilitation, lost wages, lost earning potential,
and other losses can be captured through civil litigation.
Are you interested in learning more about taxi and bus accidents? Read
our latest article to hear about liability and how to protect your rights
by clicking on the link here. Learn what to do after a taxi accident in
our post available here.
Our personal injury attorneys at
Mainetti, Mainetti, and O’Connor, P.C. have over 100 years of combined experience working with victims of personal
injury accidents throughout New York. We understand how to effectively
represent clients who have been injured in serious car accidents, particularly
throughout the Mid-Hudson Valley region in Kingston, Poughkeepsie, and
Newburgh where we have offices. Hear
what our clients are saying about us here and learn about just some of our
successful results here. If you or a loved one has been injured in a personal injury accident,
please do not hesitate to contact us by calling 845-340-HURT (4878) or
toll free at 866-440-4452, or by using the
convenient contact form here.