What Is the Average Settlement for a Motorcycle Accident?
Every motorcycle accident case is different. Some are minor while others result in costly expenses. For that reason, there is no information regarding the average settlement for a motorcycle accident.
If you were injured in a motorcycle accident, the cost of your damages will depend on the nature of your injuries and the extent of your economic damages. When you work with a lawyer on your case, they can determine how much you are owed and pursue compensation accordingly.
A Lawyer Can Calculate the Value of Your Losses
Once your lawyer determines who holds liability for your losses, they will write and send your demand letter. Your demand letter will outline the cause of your accident, the nature of your injuries, and the cost of your damages.
Usually, in motorcycle accident cases, the liable party is an insurance company. However, this could change based on the facts of your situation. In some cases, even a government municipality could be held financially accountable for claimants’ losses.
Explaining Economic Damages
Your economic damages will comprise losses that have monetary value. Your lawyer will use various pieces of information to calculate the value of these losses. They may even work with finance experts to gain further insight into your case.
Some examples of economic damages in your case may include:
- Medical bills. These expenses include the cost of hospitalization, medications, surgery, and doctors’ appointments.
- Lost wages. Your lawyer can look at your employment records to determine how much income you lost during your recovery period.
- Future loss of earning capacity. Your injuries may prevent you from working at your current job. You could receive compensation for any harm done to your earning capacity.
- Property damage expenses. Your motorcycle may have been damaged or totaled as a result of the accident. Your lawyer can fight to have the cost of replacing or repairing your vehicle in your claim.
You may have incurred other economic damages than those listed here.
Your non-economic damages do not have a monetary value. They are calculated based on various aspects of your case, including whether you were disabled or lost a loved one.
Some types of non-economic damages in your case may include:
- Past and future pain and suffering. The physical and emotional turmoil of your accident are compensable. There is no telling how much you can recover for pain and suffering without reviewing the facts of your situation first.
- Past and future mental anguish. Motorcycle accidents can be traumatic events. As such, you may have developed anxiety, depression, or post-traumatic stress disorder (PTSD) due to your collision. Yet, past and future mental anguish can be included in your claim.
- Disability. The National Highway Traffic Safety Administration (NHTSA) says that motorcycle accidents can have life-altering consequences. You may have been paralyzed or lost a limb as a result of your accident. Your lawyer can analyze your quality of life after being disabled and pursue compensation for your hardship.
Again, there is no information alluding to the average settlement for a motorcycle accident. With that being said, you may be able to recover other types of non-economic damages than those listed here.
Why Work with a Lawyer on Your Motorcycle Accident Case?
The legal aftermath of a motorcycle accident can present an array of challenges. In addition to recovering from serious injuries, managing a claim may be the last thing on your mind. As noted, a lawyer can help you calculate the cost of your accident-related losses.
However, this is not the only thing they can do for you. They can also:
- Build your case based on evidence
- Investigate the circumstances of your accident
- Review traffic camera footage, the police report, and witness testimony
- Negotiate a settlement
- Name the at-fault and liable parties
- Speak with the claim adjuster on your behalf
- Draft, write, and send your demand letter to the insurance company
- Take your case to court within Nevada’s statute of limitations, which is also known as NRS §11.190(4)(e)
A lawyer may be able to provide assistance in other ways not included here.
Call an Attorney for Help with Your Motorcycle Accident Case Today
If you or a loved one was injured in a motorcycle accident, call High Stakes Injury Law. We are ready to start building your case and help you seek compensation. Schedule a free case review with a lawyer on our team by calling (702) 707-5934.