What Is the Average Settlement for a Motorcycle Accident?
What is the average settlement for a motorcycle accident in Dallas? It’s natural to wonder how much compensation you could be awarded after an accident. This applies if you were driving your motorcycle. There is not a single clear-cut answer for the damages you could receive after an accident.
Check out this article to find out how much compensation you could receive. If you’re ready to speak with a lawyer about your motorcycle accident, call us today at (214) 305-8277.
Settlements for Dallas Motorcycle Accidents Vary in Value
It’s difficult to establish an average amount for motorcycle settlements. There are a number of reasons for this. For one thing, the damage caused by a motorcycle accident could vary significantly. Some accidents are very minor. These accidents result only in damage to your motorcycle. Other accidents could leave you with severe injuries. They could leave you with a disabling condition.
Insurance companies may prefer not to discuss the amount they settle for in accident cases. This means it may be difficult for you to get an accurate idea of how much compensation other motorcyclists receive after an accident.
You may still be able to estimate a rough value for your claim. Do this by considering the losses generally covered by a motorcycle accident settlement in Dallas.
Expenses Covered by a Dallas Motorcycle Accident Settlement
You could be able to receive compensation for a number of losses. You could receive this compensation if you were hurt in a motorcycle accident. These losses are often broken down into two categories:
Economic Damages for a Motorcycle Accident
Economic damages are expenses that have a direct monetary value. For example, the cost to repair your motorcycle would be an economic loss. You could also receive economic losses for the wages you lost. You could lose wages while recovering from your injuries. Economic losses cover your medical expenses. This includes your:
- Emergency medical treatment
- Medical testing and procedures
- Medications and physical therapy
Estimate your economic losses by keeping all the bills you receive from the hospital. Keep bills from the vehicle repair shop, too. You may review past paychecks. This lets you assess how much you would have made if you had been able to work after an accident. You may also allow a motorcycle accident lawyer to review your losses.
Non-Economic Damages for a Motorcycle Accident
You may also get non-economic damages following a motorcycle collision. Non-economic damages do not directly correlate to an expense associated with a motorcycle accident. Instead, you could get non-economic damages to cover your pain and suffering.
Non-economic damages do not relate to a direct expense. This means their value may be more difficult to calculate. The multiplier method may be used to determine the value of your non-economic losses. Using the multiplier method requires you to:
- Come up with a number to represent your economic losses
- Multiply your economic losses by a number between 1.5 and 5
You should use a larger multiplier if your accident was severe. A lawyer may be able to help you come up with an estimate for your non-economic damages. This occurs after your accident.
Liability Impacts Motorcycle Settlements in Dallas
Note that you may not get compensation for all of your losses. This could occur if you were at-fault for the accident. The state of Texas may only allow you to seek damages if you are less than 50% at fault. A lawyer may be able to work to show that another driver caused the accident by:
- Investigating the scene of the accident
- Reviewing the police report from the collision
- Interviewing all witnesses who saw the accident
You should also be aware that you only have a limited amount of time to seek compensation. Generally, the statute of limitations in Texas limits your time. You must begin seeking compensation within two years of the collision.
A lawyer may be able to begin working on your claim right away. Your lawyer may work to bring you a settlement with insurance agents. A settlement could cover your losses. Your lawyer could also take your claim to court. You could go to court if insurance agents won’t agree to a fair settlement.
Discuss Average Settlements for a Motorcycle Accident with a Lawyer
What is the average settlement for a motorcycle accident in Dallas? The amount of compensation you receive could vary depending upon your economic and non-economic losses. Get an estimate about the value of your claim with a Dallas car accident lawyer. Find out more by contacting us today to get a free consultation.
Reach out to a lawyer for help after a motorcycle accident. Complete our online contact form or call (214) 305-8277.