A motorcycle is a comfortable mode of transportation, but it is also one of the most dangerous. According to Statista, 5900 motorcyclists lost their lives in 2021. From the statistics, you can understand the consequences of a motorcycle accident.
It is important to get compensation for your motorcycle accident, as the consequences are seldom minor. As a victim, you may find it confusing and overwhelming to pursue a settlement claim.
In this blog post, we are going to discuss the average settlement you can expect after a motorcycle accident.
Settlement in a Motorcycle Accident Claim
Settlement is the legal resolution of a dispute between the victim and the at-fault party. It is the sum of money paid by the at-fault party’s insurance company to the victim for the injuries and damages sustained from the motorcycle accident. This process is usually done outside of court.
This means that the victim can resolve their case just by getting the compensation amount from the at-fault party. There are also chances that the at-fault party’s insurance company may refuse to pay the requested amount. In such instances, the case will move to court to be presented before the judge and jury.
How Much Settlement Can a Victim Get in a Motorcycle Accident?
There is no average settlement in a motorcycle accident claim, as every case is different. The settlement will differ depending on the nature of the motorcycle accident, the insurance coverage of the at-fault party, liability, and the severity of injuries suffered by the victim.
Determining an exact average settlement value for motorcycle accidents is difficult. Victims will have to work with an experienced motorcycle accident attorney who can help them get a reasonable settlement.
A reasonable settlement covers all the financial expenses sustained by a motorcycle accident victim.
Factors that Impact Settlements in Motorcycle Accidents
The following are some of the factors that determine the settlement in a motorcycle accident:
Severity of Injuries: Settlement is usually determined by the severity of injuries. For example, if you suffer minor injuries, you will receive a lower settlement. For severe injuries like traumatic brain injuries and spinal cord injuries, you can claim a larger settlement. This is because severe injuries can lead to a loss of earning capacity and long-term medical expenses.
Liability and Comparative Negligence: Liability is the most important factor in a motorcycle accident case. It is necessary to prove the liability of the at-fault party. Once liability is proven, you can recover a settlement.
Some states follow comparative negligence rules. Suppose you were partially responsible for the motorcycle accident; then it will have an impact on the compensation you receive.
In this situation, you need to work with an experienced motorcycle accident lawyer who can help you build a strong case to determine the negligence of the other party. You need to submit evidence such as police reports, witness statements, and medical reports to support your motorcycle accident claim.
Insurance Coverage
The at-fault party’s insurance coverage can impact the settlement of your motorcycle accident. Suppose the other party has sufficient insurance coverage, then you will recover the appropriate settlement.
But if they don’t have adequate insurance coverage to cover your losses, then you may have issues getting fair compensation. An experienced lawyer will be able to help you in this situation.
Final Thoughts
The average settlement in a motorcycle accident case can differ widely based on several factors. That’s why it is important to understand the factors that influence compensation, the legal process, and the compensation offered by insurance companies.
An experienced lawyer can provide you with the right guidance. They will ensure your rights are upheld and that you get fair compensation for all your losses.