There is no fixed amount of money to expect from a settlement for a motorcycle accident. It’s important to consult with a lawyer who can tally up your current and future damages and place an accurate value on your claim.
The factors that will likely affect your motorcycle accident settlement amount include:
- Severity of injuries: More severe injuries typically result in higher settlements due to the increased medical costs and long-term care needs.
- Medical expenses: These include immediate medical treatment costs and future medical expenses. Higher medical bills usually lead to larger settlement amounts, especially if surgery is involved.
- Lost wages and lost earning capacity: If you’re unable to work temporarily or permanently due to your injuries, your settlement may include compensation for lost wages and future earnings.
- Pain and suffering: You may be eligible for compensation for physical and emotional distress caused by your motorcycle accident. Calculating compensation for pain and suffering can be subjective and often depends on the severity of your injuries.
- Liability and negligence: Settlements are significantly affected by which party is at fault. In cases where the motorcyclist is not at fault, settlements tend to be higher. Comparative negligence laws, which vary by state, can affect your compensation.