A rideshare accident settlement is an agreement between the injured party and the insurance company that covers the rideshare driver or company. The settlement compensates the injured party for their losses, such as medical bills, lost wages, and pain and suffering. The amount of the settlement depends on the specific circumstances of the accident and the damages suffered by the injured party.
To determine the appropriate settlement amount in an Uber or Lyft accident, it is important to consider the following factors:
- Economic damages: These include damages that have a specific monetary value, such as medical bills, lost wages, and property damage. These damages should be fully compensated in the settlement.
- Non-economic damages: These include damages that do not have a specific monetary value, such as pain and suffering, mental anguish, and loss of enjoyment of life. The value of these damages can be more difficult to determine and may be calculated using a method such as the car accident settlement multiplier.
- Future damages: If you will need ongoing medical treatment or will be unable to work in the future as a result of the accident, it is important to consider the cost of these future damages in your settlement.