As a motorcyclist, you might love the exhilaration of riding on your bike. Yet, you also recognize the risk. In fact, in 2019, 5,014 motorcyclists died while out on their motorcycles. As a motorcycle rider, you're also four times more likely to get injured when in an accident than when in a car.
You might have already waded through what to do after a motorcycle accident and are now working with a motorcycle accident lawyer to reach a settlement with the insurance company.
Are you wondering about what is a fair settlement for a motorcycle accident? What factors get considered when a settlement is offered? Read on to learn more about what factors are considered when calculating a motorcycle accident settlement.
With the likelihood of injuries so high following a motorcycle accident, this will be a big factor in considering a settlement. When there is an injury, there is also all the medical care that comes with it.
This might include ambulance services, emergency room care, or doctors' visits following the accident. It will also include any necessary rehabilitation care.
It's important to consider long-term care needs as a result of any injury. You don't want to settle too soon, without considering its cost.
Damages to your belongings, like your motorcycle will be a factor too. What are the costs associated with the damages?
Lost Wages and Other Bills
Often when there are injuries from your accident, you also have to miss work and lose wages. Your motor vehicle accident lawyer will calculate your lost wages from the accident.
If you have any other expenses as a result of the accident, these can also get included. For example, you might need care at home following the accident or transportation if you're unable to drive. All associated costs that are present because of the accident should be included.
Pain and Suffering
As the victim of a car accident, another consideration in the settlement should be the compensation you receive for your pain and suffering. Sure you want your actual bills paid. You also are the victim when someone else is at fault. If you've suffered injuries and loss as a result of someone else's error, pain and suffering should be factored into your compensation.
You might be wondering how your pain and suffering gets calculated into a settlement. An experienced attorney will look at similar cases and their compensation amounts in your area. Ultimately though, the pain and suffering amount will be reflective of the severity of your injuries.
Punitive damages are another consideration when considering the amount an accident victim should get as a result of their injuries. Punitive damages are assessed, often when a case goes to court. They're awarded to the victim as a result of the at-fault driver acting intentionally or recklessly with an unlawful act that caused you harm.
Get Your Fair Settlement for Motorcycle Accident
Being the victim of a motorcycle accident is not only traumatizing, but can be life changing too. You want to get a settlement from your accident that not only covers your bills and care, but also the associated mental and emotional costs as result of the accident.
It's important for you to work with an attorney who knows how to get you a fair settlement for a motorcycle accident. Contact us today to set up a consultation so we can discuss your case.