In a motorcycle accident claim, you want to ensure that you recover the maximum settlement you deserve to get the most out of your treatment plan and recovery. When estimating the value of your claim, your motorcycle accident lawyer will evaluate several factors, such as the severity of your injuries, the economic and non-economic losses you have suffered, and the degree of fault of the opposing party.
Sustaining injuries in a motorcycle accident may leave you with costly medical bills and treatments, pain and suffering, and a loss of income if you cannot return to work. Attorney Frank P. Marsalisi at Marsalisi Law understands the importance of recovering the maximum monetary compensation for your losses. We can estimate your motorcycle accident settlement for present and future damages.
5 Factors That Apply When Estimating a Motorcycle Accident Settlement
In a motorcycle accident claim, your motorcycle accident lawyer can provide an assessment of what the jury may award a victim in a successful claim and what the at-fault party and insurance company will be willing to pay.
The following are five factors that go into estimating the value of a motorcycle accident settlement:
1. The Severity of Your Injuries
The severity of your injuries plays a vital role in estimating an accident settlement because the more significant the injuries, the higher the cost of ongoing medical care and corresponding pain and suffering. For example, you may have to use medical devices, require in-home medical care, or require future rehabilitation.
2. The Effects of the Accident on Livelihood
Motorcycle accident injuries may be so severe that you cannot return to work for some time. In some cases, you may be unable to work indefinitely. A motorcycle accident lawyer can calculate your lost wages or loss of future earnings.
3. The Value of Economic and Non-Economic Damages
You may recover other economic and non-economic losses, depending on the circumstances of your accident, including the following:
- Property damages or other out-of-pocket expenses;
- Pain and suffering;
- Physical disability;
- Disfigurement or scarring;
- Loss of enjoyment of life;
- Cognitive impairment.
Some damages are more easily calculated as concrete expenses, such as receipts, bills, statements, or other documents, are associated with the losses. For subjective damages, an experienced lawyer can estimate based on the necessary medical treatments to obtain recovery, the long-term effects of the accident, and the impact on your day-to-day life.
4. The Degree of Fault of the Opposing Party
One of the most significant factors determining the value of your claim is the degree of fault of the opposing party. If you cannot prove that the liable party is at-fault for your injuries, you may be barred from recovering or less likely to recover a reasonable amount.
5. Availability of Insurance
Insurance and other assets are vital in estimating a motorcycle accident settlement. Jury verdicts can and do exceed insurance liability limits; however, that does not mean you can collect the full extent of the verdict. Sometimes, it is in your best interest to collect a settlement amount that equals insurance coverage limits, even if damages are much greater due to the inability to collect.
Speak With Attorney Frank P. Marsalisi About Your Motorcycle Accident Settlement
If you have suffered injuries due to someone else’s negligence in a motorcycle accident, working with an experienced lawyer at Marsalisi Law can help you determine how much monetary compensation you may be awarded in a successful case. We handle all aspects of your case, from gathering the necessary evidence to negotiating with insurance adjusters so you can focus on recovery.
Marsalisi Law is Where Law Gets Personal!