1,800 people in Texas experience a severe injury following the motorcycle accident every year. With an average settlement of $150,000 for a victim’s injuries, it is no wonder that victims are wondering what the settlement if they are hurt in a motorcycle accident.
What is a Good Settlement for a Motorcycle Accident?
Motorcycle accident settlements are a complicated matter and can vary depending on a number of factors. The amount of insurance available to the person who caused the accident depends on their assets and how much they have in their insurance policy.
When they do not have many assets, the person who caused the accident will be advised to take a settlement that is equal to the insurance policy’s coverage. On average, motorcycle accidents in the United States from 1999 to 2006 were worth $73,700. However, only 10% of all motorcycle accidents go to court. The verdict for the victim is not always reflected in their final settlement amount.
Insurance companies usually try to settle before going to court because the victim can be compensated with higher damages if the case proceeds to trial. However, this depends on how much evidence is there and how severe the damage was.
If you were injured in a motorcycle accident and the other driver was at fault, a motorcycle settlement that covers most or all your medical expenses, property damages, wage loss, and pain and suffering can be considered “fair.”
If you or someone you love has been injured in a motorcycle accident, you need to hire a Texas motorcycle accident lawyer who will fight to get the maximum possible settlement.
What categories of compensation are there in a motorcycle accident settlement?
Pain and suffering
Following a motorcycle accident, the injuries you may sustain may cause pain that lasts for a lifetime. Texas permits victims to pursue financial solutions for pain and suffering that is the result of another person’s negligence.
Defining pain and suffering – Pain and suffering are a component of life. With the aid of a personal injury lawyer, you may be entitled to compensation if you had an accident that caused severe pain and suffering to either you or your loved ones.
- Personal injury cases include a wide variety of injuries include:
- Injuries caused in an automobile accident
- Injuries that occur in a commercial truck collision
- Workplace injuries
- Slip and falls
- Injury that results from a defective product
- Injury caused by medical malpractice
- Severe head injury that is the result of another party’s negligence
It is important to know that in Texas, the time limit for filing a personal injury claim is two years, so it’s crucial to act quickly!
The law in Texas caps non-economic damages for medical malpractice at $250,000. If you have combined claims with more than one defendant, the cap is $500,000.
Medical bills and associated costs
Motorcycle victims have the right to seek compensation for medical treatments and transportation to and from visits to the doctor. This means hospitalization costs, follow-up care, and transportation are all potentially covered.
Lost time from work
You are entitled to seek compensation if you’re unable to work due to injuries. What does that mean for you? It means that we will help you get the money you deserve in a timely manner.
What are the average payouts on settlements?
For Soft Tissue Injuries
When it comes to soft tissue injuries, the damages may be more complicated to calculate. The average payout for these types of injuries can vary, but it is still important to know that you’re entitled to a settlement for your injury. Settlements average:
- Whiplash Injuries – $2,500 to $10,000-
- Herniated Discs – $100k to $350k –
- Ankle Sprains – Approximately $15,000
- Shoulder Injuries – Approximately $20,000
For Severe Injuries
If you’re injured and need compensation, there are many settlements for varying severity of injuries. For example, a concussion can get up to $100,000 in some cases, while a traumatic brain injury can reach up to $1 million.
If you are considering a personal injury lawsuit, it’s important to know that not every case is the same. But with help and preparation, victims can get fair settlement amounts.
When you have been injured in a motorcycle accident, you need to remember that the insurance company is not your friend. Their goal is to make money more than anything else.
That is why you may need a reputable personal injury attorney.