In Florida, no statute caps standard personal injury cases. For example, in car accidents or product liability claims, the most prominent Florida law on damage caps pertains to punitive damages.
To answer this question, we need to determine first what kind of injuries you have suffered, what are the resulting damages, and what evidence exists proving how you got injured. You should bring as much information as you can. That is why you should take care of the medical information, photos, or any other documents. After analyzing all the facts, we can discuss the value of the case.
The best way to establish how much your claim is worth is to look at how it would be valued. An insurance carrier or a court of law will first look to the types and amounts of damages suffered and then to the percentage of fault. The most common kind of damage awards in personal injury lawsuits is compensatory.
They include medical bills, pain, and suffering, lost income, loss of companionship, property damage. Some damages are typically uncontroversial, for example, out of pocket expenses, the money you spent or lost as a result of the accident or lost income if it is solely a matter of lost time from work while managing the inconvenience of the injury.
Damage cap statutes set a limit on the amount of money you can receive in certain types of cases, or for particular types of losses. Most often, these laws limit the amount of non-economic damages you can recover.
For most injury cases, Florida limits punitive damages to three times the amount of compensatory damages, or $500,000, whichever is greater. You can read more about this law in Florida Statutes Title XLV, more precisely at section 768.73.