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How Much Should You Settle for After a Motorcycle Accident?

You may be struck while driving your motorcycle in Dallas. You could get compensation for your losses after an accident. You could get compensation by settling your claim with the other driver. How much should you settle for after a motorcycle accident?

There is no set amount for motorcycle settlements in Dallas. The amount you settle for could depend upon several factors. Consider your economic and non-economic losses to assess a settlement amount.

Find out how to estimate your settlement right here. You can also learn more about your possible settlement amount by speaking with a Dallas motorcycle accident lawyer for free today at (214) 305-8277.

Settle for Economic Damages After a Dallas Motorcycle Accident

Motorcycle drivers settle for economic damages after accidents in Dallas. Economic damages cover items with clear-cut costs. Your medical expenses are an example of economic damages. You could get compensation for your:

  • Emergency medical care
  • Time in the hospital
  • Medical procedures and tests
  • Medications and rehabilitation

There are tens of thousands of motorcyclists hurt every year in accidents around the country. The Insurance Information Institute (III) keeps track of motorcycle accident injuries. You are likely to have high medical expenses after a collision.

You could also get compensation for other economic losses. Your lost wages at work are an economic loss. The cost to repair your motorcycle is also an economic loss. A settlement could cover these losses. Keep your bills for all expenses caused by the accident. Add up all the bills. This provides a rough estimate of your total economic losses after an accident.

Take Steps to Get Non-Economic Damages with a Settlement

Motorcycle accident settlements also cover non-economic damages. Non-economic damages do not have a direct cost. Your pain and suffering are examples of non-economic damages. Non-economic damages must be calculated before you settle your claim.

You could use the multiplier method to assess your non-economic damages. Follow these steps to use the multiplier method in Dallas:

  • Step One: Determine the amount of economic damages you’ll receive.
  • Step Two: Select a multiplier between 1.5 and 5 (use a higher number if your accident was more serious).
  • Step Three: Multiply your economic damages by the multiplier.

The result of this calculation represents your non-economic damages. You may get more non-economic damages. Drivers without serious injuries usually receive fewer non-economic damages in Dallas. A Dallas motorcycle accident lawyer may review your losses. Your lawyer may help you calculate your damages.

Understand How a Settlement Works in Dallas

Motorcycle accident claims may be settled with insurance agents. Insurance agents work to keep your settlement small. They want to save their company money. They may offer you a settlement that is particularly small immediately after a collision. You do not have to accept this initial settlement.

A lawyer may negotiate with the insurance company for you. Your lawyer may investigate your case first. It’s important to determine who caused your accident. A lawyer may work to determine the cause of your accident by:

  • Visiting the scene of the accident
  • Interviewing all eye-witnesses who saw what happened
  • Going over the police report
  • Checking video surveillance footage

A lawyer uses the information gathered to support your claim. Your lawyer may work to bring you compensation for all of your losses. You may go through several settlement offers before you reach one that is acceptable.

Find out more about the process of settling your claim today. Reach out to a lawyer to discuss your situation. Be aware that you only have two years to file a claim after your motorcycle accident. The statute of limitations for motorcycle accidents in Texas is brief. You cannot get compensation after the statute of limitations expires.

Consider Taking Your Claim to Court in Dallas

Many motorcycle accident claims are settled outside of court. Some claims must go before a judge and jury. A lawyer could advise you to file a lawsuit in Dallas. This allows you to seek damages through a jury verdict.

A court case may be necessary if insurance agents do not treat you fairly. You may discuss the benefits and drawbacks of a court case with your lawyer.

Speak to a Lawyer About Settling After a Motorcycle Accident

There is no easy answer for how much you should settle for after a motorcycle accident. You should settle for an amount that covers your losses. Consider both your economic and non-economic losses.

Get an estimate for your claim with a Dallas car accident lawyer. Find out more by calling (214) 305-8277. You may also complete our online contact form.

Reach out to us and get a free consultation today. We are ready to help you. Call us now.

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