Did you know there were over 8 million registered motorcycles in 2020 alone? As a motorcycle owner, you may have had a share of accidents and collisions at least once.
But if you sustained injuries in a motorcycle accident, it’s crucial to get the help of a lawyer. Insurance companies can be challenging even if nobody is at fault. A lawyer can make sure you receive a fair settlement.
How much would a motorcycle accident settlement for your injuries be? Many factors play a part in quantifying the proper settlement for you.
Read on to learn more about the process of receiving an average settlement for your motorcycle accident injuries.
Factors That Influence a Motorcycle Accident Settlement
A motorcycle accident settlement is the compensation the responsible party must pay the injured party. The amount will depend on the severity of the injury and the medical costs incurred. You can also count property damage, loss of work, pain and suffering, and legal fees.
So before considering a settlement amount, determine the damages incurred. It is also essential to understand that an average settlement is on a case-by-case basis.
These factors can include the liability of the driver. This can either be due to negligence or fault.
Consider the speed of the riders and the insurance coverage of both vehicles. Courts also check the riders’ ages, the number of motorcyclists involved, and the area of the accident.
These factors can influence the amount of an average motorcycle accident claim. Having an attorney on board is vital to help you determine your case’s most successful course of action.
When to Expect a Settlement
On average, motorcycle settlements vary depending on the severity of the injuries sustained. It will also depend on the state where the accident occurred and other factors. Generally speaking, it can take several months to several years to reach a settlement in a motorcycle accident case.
The most important thing with settlement expectations is that there is no exact timeline for when you can get a settlement. Most personal injury cases take months to years to settle as both parties strive to settle the case before going to court.
Most motorcycle accident settlements will involve a combination of fees. These include compensatory damages, lawsuit fees, and negotiation fees.
How Plaintiffs Can Maximize Their Claim
Motorcycle accidents can leave victims with severe and life-altering injuries. If someone else’s negligence caused the crash, the victim might be eligible for a significant settlement.
To maximize your claim, you should keep detailed records of all medical expenses. Note all the wages lost due to your injuries and any other losses the accident caused. You can also use witness statements or photos of the damage to help support the claim.
Calculating the Average Settlement
There are some elements to factor in when calculating the average settlement for a motorcycle accident. These include the severity of the injuries, number, and type of insurance policies. Add in the number of medical expenses, the amount of property damage, and whether there were any lost wages.
The total amount of the settlement will include all these factors. But the actual amount will vary from case to case. It is vital to seek the advice of an experienced motorcycle accident lawyer to ensure you get the most for your settlement.
They can help you understand the different settlement values and how to maximize your potential settlement. They can also negotiate with insurance companies to ensure proper compensation. You should also consider court and other relevant costs when calculating the average payment.
Common Mistakes to Avoid in a Motorcycle Accident Settlement
One of the most common mistakes you can make in a motorcycle accident is not contacting an experienced lawyer. Another instance is failing to secure medical evidence of the injuries suffered. And in some cases, some are signing documents before a proper evaluation of the case.
Furthermore, claimants should be aware of their own best interests. Do not accept offers from insurance companies that are too low, as it is often possible to negotiate a higher settlement.
Additionally, claimants should avoid admitting fault or signing away their rights to file a lawsuit. By avoiding these common mistakes, you can get more favorable terms in a motorcycle accident settlement.
Benefits of Consulting a Motorcycle Accident Attorney
Consulting a motorcycle accident attorney can help individuals to settle their cases better. They have experience and license in the claim settlement process. Attorneys will help you understand the legalities that might come with your settlement.
They get to the bottom of the claim negotiation process and take time to settle. They look into all aspects that can benefit the victim. This includes insurance coverages and claims.
They will also note any other party’s fault and the liability in case of a shared fault. Not to mention they can raise any road safety rules that might apply to your case.
Motorcycle accident attorneys also help to build solid legal paperwork. This is to ensure that you receive the best amount possible for any damage that occurred. They also negotiate with insurance companies for better settlements.
If the insurance companies reject the claims, the attorneys know to file a lawsuit and process further. This will eventually give you a better settlement amount. To help you find an attorney for a motorcycle accident and settlement cases, research and ask your friends and loved ones for referrals.
Learn More About Motorcycle Accident Settlement Today
Motorcycle accident settlements can vary depending on the circumstances. Still, it’s important to note that personal injury cases, in general, can be very complicated. If you or a loved one has been involved in a motorcycle accident, it’s best to consult with a personal injury attorney to discuss your options.
Contact a dedicated lawyer today to check your situation and get the compensation you deserve.
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