Arbitration in New York based on the principle of no-fault is a very efficient way to resolve medical provider liability issues. Because of this, if you want to be advised of the best forum for your claim to recover the greatest amount, you will need to employ an experienced NYC no-fault defense attorney. If you do not do this, you will not be able to recover the maximum amount you are entitled to.
Although New York’s no-fault law is comparable to that of New Jersey’s, the statute of limitations in New York is somewhat longer at six years, enabling them to either litigate or arbitrate a dispute depending on the circumstances. You owe them nothing until they can demonstrate that their efforts were fruitful.
What you need to know concerning NYC No-Fault Arbitration
The American Arbitration Association is in charge of handling all of the claims related to no-fault arbitration in New York. To effectively approach the resolution of claims, medical practitioners should consider retaining the services of a lawyer to assist them with the no-fault arbitration procedure. Because of this, you will be able to place your trust in an attorney knowledgeable in no-fault arbitration, and as a result, the outcome will be improved. When you hire an attorney on a contingency fee basis, the lawyer will only collect payment if your claim is successful. This makes working with the attorney simpler for you.
There are various circumstances in which New York and New Jersey might have a substantial interest in the same accident, treatment, home, or insurer. With this, the attorneys at The Company are more than willing and able to assist you with the appropriate venue for your claim and the basis for the amount of recovery you are entitled to.
When submitting a request for arbitration in New York, it is imperative that any supporting documentation, such as police reports, medical bills, and affidavits, be filed immediately. If you intend to dispute your claim, your expert New York no-fault arbitration attorney will file the AR-1. Following submitting an arbitration request for no-fault insurance compensation, the initial review process commences. If a resolution cannot be achieved, an official hearing date has to be set.
Your attorney should be ready to give all supporting evidence and forcefully protect your interests while advocating your stance. Your attorney should be prepared to craft a defense and represent you at the hearing in the same manner as the insurance carrier representing the Respondent. After the arbitrator has concluded a hearing, no additional evidence may be presented for the case. The arbitrator has a maximum of 30 days from the close date to issue the award.
You should be aware that the process of arbitrating a claim is unlike any other technique of conflict resolution before you decide to pursue this course of action.
Although it may be more efficient for healthcare experts to pursue payment in this manner, you shouldn’t do so unless you have a lawyer from The Firm who is familiar with the intricacies and prerequisites of New York’s no-fault arbitration system. Talk to the attorneys at The Company about your options for moving forward when the time comes to make a demand for no-fault arbitration or if you need assistance with the documentation or an existing claim.