What Compensation Makes Up A Motorcylcle Accident Settlement?
If you have been injured in a motorcycle accident caused by negligence, you could be eligible for a lawsuit for compensation of your damages. Although the insurance carrier of the other party should pay for a portion of your expenses, it is possible your expenses can outweigh what the insurance company will pay. The following components are used to help determine exactly how much you should be awarded after a motorcycle accident.
Your Medical Costs
Whether you had what appears to be a small scrape or a broken bone, you need to seek medical attention immediately following a motorcycle accident. You could suffer from hidden injuries you were not aware of right after the accident. These types of injuries can cause you major health problems later on, so you need to be certain you visit the hospital to record the incident and allow the medical professionals to rule out any potential risk of injuries in the future.
When your settlement is calculated, the amount should include all expenses caused by your injuries. This not only includes your emergency room visit, but also your treatment, medication, therapy, or any medical devices you may need like a wheelchair or crutches. If you need therapy or surgery in the future due to these injuries, the amount for those procedures should be included in your settlement as well.
Damage to Your Property
A motorcycle is a major investment, so the negligent party will have to pay for the damage he or she caused. One small dent can end up costing you much more money than you may realize. It is possible you could receive the entire worth of your motorcycle if the damage is deemed severe.
Your Pain and Suffering
Pain and suffering is also a compensatory expense in a settlement. In addition to suffering from severe physical pain caused by your injuries, you could also suffer from emotional or mental trauma, depending on the severity of the accident. Your motorcycle accident attorney will help determine the amount you should be entitled to based on your circumstances after the accident.
You will also be entitled to payment for many of your additional expenses. Based on the type of accident and how much fault you have in the accident, you could be entitled to all or most of your legal expenses in your settlement. You could also receive payment for the probable increase in your insurance premium due to the accident.