When negotiating a motorcycle accident lawsuit settlement, there are several factors to consider. For example, settlement offers should be made soon after the motorcycle is inspected. It is also important to consider the per-diem basis for non-economic damages. If you accept the first offer, the insurance company will know that you cannot ask for more and may be willing to settle for less.
Do all motorcycle accident lawsuits settle? No!
Factors to consider before accepting a settlement offer for a motorcycle accident case
Before accepting a motorcycle accident settlement offer, it is important to carefully consider all of the factors involved. Even if the responsible party is at fault, other issues can affect the amount of compensation you can expect. For instance, the amount of your settlement may be based on the limits of the responsible party’s insurance policy.
The value of your case can help you understand how much the opposing party is willing to pay you. This will help you determine whether the settlement offer is fair. Also, it will be helpful if you understand why the other party is attempting to settle the case without a trial. The amount of money you deserve will depend on the nature of your injuries, the amount of damages you suffered, and the extent of fault.
Settlement offers made soon after inspection of the motorcycle
After an accident, the claims adjuster or insurance company will make settlement offers to the victim of the accident. These discussions usually happen soon after the motorcycle is inspected. If you want to receive a fair settlement, it is important to discuss the offer with your attorney. Your attorney will assess the offer and provide knowledgeable advice.
Per-diem basis for calculating non-economic damages
The non-economic damages in motorcycle accident lawsuits can vary depending on the severity of the injuries and the impact they had on the victim’s life. Under this method, the jury will assign a daily value to non-economic damages based on how severe the injury was and the impact it had on the victim’s life. For example, a victim with a back injury may be awarded $150 a day for 100 days. As such, he or she will need to have a complete medical record with detailed notes about the pain they have experienced. Additionally, treatment records should be included.
Economic damages are calculated based on lost wages, medical expenses, and damage to property. These figures are multiplied by a number of factors based on the severity of the injuries. In general, a victim’s pain and suffering would be multiplied by a multiplier of 1.5 to five, with five being the most severe and one the least. However, some cases, such as brain injuries, may require a higher multiplier than five.
Average settlement amount for a motorcycle accident lawsuit
A motorcycle accident lawsuit has many different elements. Those involved may include the type of accident and whether or not a passenger was in the vehicle. If there are passengers, there is typically an issue of negligence. If a driver is at fault, the lawsuit will likely result in a higher settlement amount.
The type of injuries sustained in a motorcycle accident lawsuit will also determine the settlement amount. While some injuries are minor and do not require extensive medical bills, others can have long-term consequences that require extensive care. According to the National Center for Biotechnology Information, the majority of motorcycle accident victims suffer head injuries, which can range from a concussion to brain damage.