The settlement factors in a motorcycle accident case are not always straightforward. When negotiating with the insurance company, there are many factors to consider, including who was at fault for the accident and what injuries were sustained—the more severe the injury, the higher settlement you can expect to receive. If you’re injured in an accident that wasn’t your fault, contact a lawyer to help you with the case. Let’s get to the details.
What Is a Motorcycle Accident Settlement?
A motorcycle accident settlement is an agreement between you and the insurance company that states how much money will compensate for your injuries, property damage, or other monetary losses. As stated by this motorcycle injury attorney in San Antonio, TX, this settlement is determined by several factors; it would be best to consult a lawyer to help you in the negotiations. This way, you can make sure you receive the full amount of compensation for your motorcycle accident injury.
Factors that Affect a Motorcycle Accident Settlement Amounts
Several factors could affect your motorcycle accident settlement amount. Depending on the severity and cause of your injuries, you may be entitled to more money than the insurance company initially offered. For instance, if someone rear-ended you while driving in a car, it would have caused less damage compared to being hit by another motorcycle. Furthermore, if you were hit by a distracted or reckless driver who was texting while driving, the settlement would be higher than an accident caused by someone simply not paying attention to their surroundings. Here are some factors that determine your settlement.
Injuries from Motorcycle Accidents and Settlement Amounts
The more severe your injuries are, the higher settlement you can expect. For instance, if you were injured in a motorcycle accident and required surgery to repair broken bones or internal damage, you would be entitled to receive much more money than someone who only suffered minor cuts and bruises without requiring medical attention. Different injuries yield different settlement amounts, so be sure to keep track of all your medical expenses and lost wages.
You and Your Life Before the Accident
The settlement amount will also be determined by your life before the accident. If you were healthy and able to work, had medical insurance, or lived on a fixed income without additional financial obligations, it would have been easier for you to recover from injuries sustained in an accident caused by another person’s negligence. On the other hand, if you are already struggling to pay your bills, have medical expenses of your own that aren’t covered by insurance, or are working multiple jobs to make ends meet, you may not be able to receive as much money.
Defendants Ability to Pay the Settlements
The defendant’s ability to pay the settlement is another factor that affects how much you receive. If they were wealthy and could afford multiple lawsuits, it would be easier for them to compensate you with a high amount of money. However, if they are not financially stable or have already been sued in other cases, the insurance company may reduce the settlement amount offered to you.
Likelihood of Winning the Case
If you have a strong case and the evidence is on your side, it would be easier to get a settlement amount covering all your losses. If there was no clear sign of who caused the accident or if it turns out that both parties were at fault for causing the crash, however, it may be harder for you to win the case.
Compelling Evidence in Your Favor
If there was compelling evidence that showed the other party caused your motorcycle accident, such as an eyewitness who saw them run a red light and hit you or skid marks on the road where they took a wide turn into your lane without signaling first, then it would be easier to get higher settlement amounts. If this evidence is not available, it would be more challenging to get the settlement you deserve.
Lawyers Negotiation Skills
Your lawyer’s negotiation skills can also influence how much you receive as compensation for your injuries. If they have dealt with cases like yours before and know what to look for in terms of evidence, it would be easier for them to take the proper steps that lead up to a higher settlement amount.
Settlement Amounts in Personal Injury Cases
When it comes to settlement amounts, the main goal of personal injury cases is not only to compensate you for your injuries but also for any past and future medical bills, lost wages due to time off work, repair or replacement costs for damaged property, pain and suffering related to the accident itself as well as to your injuries, and other legal costs. Each case is different, and settlement amounts will vary depending on the factors mentioned above.
Settlement amounts in motorcycle accident cases will vary depending on several factors. To ensure you receive the highest amount possible to cover your injuries and other losses, you must work with an experienced personal injury attorney who can look at all aspects of your case and present compelling evidence in your favor.
Read Also: How To Find The Best Motorcycle Accident Attorney In 8 Easy Steps?
