Average Payout For Motorcycle Accident – Home » Frequently Asked Questions » Motorcycle Accidents » What is the average amount owed for a motorcycle accident in Georgia?
Motorcycle accidents can cause very serious injuries – many more than car accidents. In fact, according to the Insurance Information Institute, while passenger car fatalities were 9.42 per 100,000 vehicles registered in 2019, motorcycle fatalities were 58.33 per 100,000 vehicles. That’s more than six times the number of people riding motorcycles who die than people riding cars.
Average Payout For Motorcycle Accident
Because you are at risk of injury and death as a motorcyclist, you need a good attorney to represent you. A Georgia motorcycle accident attorney will know how to get you the settlement you deserve. Find out what those numbers are with this FAQ.
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In order to understand a motorcycle accident, it is important to understand what kind of injuries you can suffer as a result of the accident. Common motorcycle accident injuries include:
While some people can avoid it by following Georgia’s helmet law, some accident injuries are unavoidable. Because physical and mental injuries can be severe, the monetary damages you can receive as a result of a settlement can be higher than the average car accident. But it will depend on the unique facts of your case.
Every case is different, but insurance companies, judges, and juries will evaluate claims based on the same loss categories. Your monetary damages are designed to get you back to where you would have been had the accident not occurred. This means that most of your costs are directly related to the loss after the accident. But some damages are immeasurable, such as physical and emotional pain and suffering. You will usually get some money for them as well, even if they don’t have a direct dollar amount attached to them.
These factors vary from case to case, which means predicting how many claims will be difficult.
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The “average” value for motor cover is difficult to define. But insurance companies try to track settlements to predict premiums and estimate the overall value of motoring lawsuits.
A study of jury verdicts published by Thomson Reuters found that the average jury verdict for motorcycle injuries between 1999 and 2006 was $73,700. But more than 90% of cases are resolved
They went to the jury. This means that the average verdict may not represent your situation.
Some serious personal injury cases settle before trial for larger sums because the insurance company knows that the victim will receive a large settlement if the case goes to trial. Other cases may be settled for a lower amount because the injuries are not serious or the evidence the victim can provide is not strong.
Maryland Motorcycle Accident Lawyer
In general, you will get more money if you have a motorcycle accident attorney working for you.
The best way to determine what may apply to your case is to speak with a motorcycle accident attorney at John Foy & Associates about the specific facts of your situation. Whether your case is “average” is very difficult to predict without knowing all the details of your case. Call us at 404-400-4000 or fill out the form to the right for a free consultation today. The average personal injury settlement amount is about $62,600, which is derived from the number of personal injury settlements made over the past 5 years (2016 to 2021).
The biggest determining factor used to determine the average personal injury settlement amount is the severity of the personal injury, as shown in the table above and detailed below:
Accident types are grouped by level of injury as detailed above, and the resulting data includes the number of settlements for various types of injuries, including car accidents, slip and falls, medical malpractice, dog bites, wrongful death and more. Therefore, this average should not be considered a standard amount for each personal injury victim. The circumstances of each injury are unique, as are the characteristics of each injury victim.
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All of these examples of personal injury payouts are based on data from real cases over the past few years.
The most important factor that affects how much you can recover in a settlement is the severity of your injuries. The settlement amount that will make you “whole” will vary depending on the nature of your injuries. As mentioned above, if you accept money in exchange for a debt, you permanently release the wronged party from any responsibility related to the accident, which means you agree that you will not seek further legal action or seek compensation loss in the future. . If you settle, this is your only chance to heal and get back on track
If you suffer a soft tissue injury, you can return to your pre-accident condition with medication, rest, and a few visits to a chiropractor or physical therapist. However, if you suffer permanent and life-changing injuries, you will no longer be able to obtain legal status. These are the arguments that attorneys will make when negotiating a settlement.
Again, it should be noted that the circumstances surrounding each personal injury are unique, as are the characteristics of each personal injury victim. For example, two people may break their legs, but one person may need longer treatment and a longer recovery time due to several factors such as age, pre-existing conditions, and adherence to the treatment plan. Therefore, the average settlement amount above should not be interpreted as a standard amount that every personal injury victim should expect to receive.
Miami Motorcycle Accident Lawyer For Injuries: Serving All Of Florida
Often the greatest losses experienced by traumatized people are the intangibles: past and future pain, suffering, and loss of enjoyment of everyday life. These losses are harder to put a number on. Again, settling down is your only chance to heal and get you back on track. When deciding what is fair and reasonable, your lawyer will discuss with you how much you should be compensated reasonably now, while also taking into account the pain and suffering you will suffer in the future. This means considering the following:
Even if you feel satisfied or pain-free immediately after treating your accident-related injuries, consider the possibility of increased pain or recurrence of accidents that may occur in the future. Again, the settlement agreement is designed to get you back on track, and includes looking at how this accident will affect you later in life.
Multiple injuries or damages are also considered when your attorney negotiates a settlement amount. One type of damages that you may be liable for is the recovery of medical expenses. This includes medical expenses you have incurred as a result of the accident and medical expenses you believe you will incur in the future. These costs include doctor visits, surgical fees, out-of-pocket costs (such as crutches, bandages, braces, etc.), prescriptions, co-pays, therapy, physical therapy, chiropractic care, or gas money for doctor’s appointments.
However, it should be noted that the amount of medical expenses claimed may be limited to the amount actually paid or the amount due for medical expenses, rather than the amount of medical expenses billed by the health care provider. Therefore, a lawyer may decide that seeking compensation for medical care paid for or received can reduce the cost of a lawsuit. Lawyers make this decision when the dollar amount does not reflect the true value of the client’s car accident damages.
Questions You Must Ask When Hiring A Motorcycle Accident Lawyer
As with medical expenses, time lost from work can be claimed as compensation for injuries. Loss of earnings for sufficient work will certainly be missed in the future as well as being prosecuted. In addition, if you are permanently disabled and unable to work or unable to work in the same career/occupation, compensation may include lost income and/or retraining.
How much money you may receive as a result of the settlement depends largely on the insurance coverage you have available. Insurance coverage is the most common source of recovery. The insurance coverage available will vary depending on the tortfeasor and the insurance policy. For example, if your injuries were caused by an uninsured person, that person may not have the resources to obtain a judgment against them.
If your injuries were caused by an insured, the amount you can recover as a result of a settlement may be limited by the limits of your insurance policy. Everyone’s insurance policy limits will vary depending on how much coverage they can afford. For example, a large company or corporation will have more coverage and higher insurance policy limits than the average individual.
Each party’s fault is a large factor considered during settlement discussions.
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