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Motorcycle injury settlement amounts.
The value of a motorcycle accident settlement or court award depends on the severity and impact of the injuries.
All motorcycle accident cases are different so arriving at a precise figure is a guessing game.
What are the average personal injury settlement amounts.
1 600 000 settlement after plaintiff slid on loose gravel and suffered crushed vertebrae and nerve damage.
In this case your lost earning capacity is 20 000 per year for the remainder of your work life expectancy.
An average settlement for a motorcycle may be over 70 000 but it can be substantially more or less depending on your injuries.
This is true for a bodily injury claim in a.
Let s say that before the motorcycle accident you earned 40 000 per year but that after the accident you could only return to a part time job earning 20 000 per year.
Whether you suffered personal injuries in an accident while riding your motorcycle or were one of the lucky few who walk away with only damages to your bike there comes a point when either you or the motorcycle accident attorney representing you discuss settlement of the claim with the liability insurance company.
They are 35 000 and 10 000.
Once a settlement has been reached it s not necessarily on the books.
As such a good motorcycle accident injury settlement amount must be enough money to cover medical expenses lost wages pain and suffering impact on family and friends and more.
But according to some revenue reporting the average amount for a personal settlement in 2013 was around 24 000.
If you ve looked at the above chart this shouldn t be a surprise.
The first step in negotiating a settlement for a car accident or personal injury claim is calculating a reasonable amount of money you would accept to give up your legal claim.
This is difficult to say partially because many personal injury cases are kept confidential.
According to jury verdict research published by thomson reuters the median motorcycle injury verdict after a personal injury trial from 1999 to 2006 was 73 700.
However there has been research conducted by thomson reuters that showed between 1999 and 2006 the average motorcycle accident settlement was 73 700.
Most insurance companies and injury attorneys rely on one formula or another to get a starting point for settlement talks.
Claimants have received such varying amounts for their injuries and losses that an average does not adequately portray what you might receive.
Some motorcycle accident victims in arizona come away with 10 000 or less in insurance settlements while others receive multiple millions after successful injury trials.
