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How Much Are Most Louisville Motorcycle Accident Settlements?

Motorcycle accident victims are often left with significant medical expenses, career-altering injuries, and other financial obstacles that lower their quality of life. This is why monetary compensation through a motorcycle accident settlement is essential to the lives of those who are dealing with life-altering injuries due to the careless actions of another driver.

The amount a person can receive in a motorcycle accident settlement will be dependent on their medical costs, lost wages at work, and the insurance policy of the liable party. To maximize your settlement, it is important to consult with a Motorcycle Accident Lawyer about the best legal course of action for your situation.

Types of Louisville Motorcycle Accident Settlements

While there is no typical settlement amount for car accident claims, there are three settlement amounts accident victims can expect after winning their claim. These settlements include:

  • Low settlement: low settlements usually consist of minor accidents with little to no injuries. Medical bills and property damage costs are usually low in minor accidents, so the settlement amount will reflect the cost of damages.
  • Moderate settlements: moderate settlements apply to accidents with moderate injuries such as whiplash, fractures, and bruises. These injuries will require some medical treatment, as well as some missed work. The recovery period can be somewhat long, but victims typically make a full recovery.
  • High settlements: high settlements involve severe injuries, resulting in long-term medical treatment, permanent disability, or fatalities. These cases usually receive substantial compensation due to the extent of medical expenses, lost wages, pain and suffering, as well as the extent of negligence which caused the accident.

What Factors Could Decrease My Settlement?

Understanding the factors that can potentially harm your case is essential to knowing the value of your lawsuit. A skilled Motorcycle Accident Lawyer will be able to highlight the reasons you deserve to be compensated, while also protecting you from the factors that could reduce your compensation. These include:

  1. Comparative negligence: if you are found partially at fault, your settlement can be reduced by your percentage of liability.
  2. Pre-existing conditions: pre-existing medical conditions unrelated to the accident could complicate and potentially decrease the settlement.
  3. Lack of strong evidence: the inability to prove the liable party’s fault or carelessness in the accident can undermine your case and reduce your settlement.
  4. Delayed medical treatment: delays in seeking medical treatment after the accident may count against you as it implies your injuries were not that severe
  5. Inconsistent statements: inconsistencies in your statement or re-telling of the incident can hurt your credibility and diminish settlement prospects

What Damages Can You Claim in Motorcycle Accident Settlement?

Depending on the severity of your accident, there are several damages available to motorcycle accident victims. Motorcycle accidents can be expensive for victims and their families. According to the Insurance Information Institute, motorcycle accidents have an average of around $16 billion in damages each year. For victims to be able to pursue compensation for their accident, it is recommended to partner with an experienced attorney who can maximize their compensation. An attorney will help motorcycle accident victims pursue the following damages:

  • Present and future medical expenses
  • Loss of income, as well as a reduction in earning capacity
  • Cost of living with an injury, such as making a home disability accessible, purchasing a wheelchair or crutches, hiring a nurse or housekeeper
  • Damage done to property during the accident
  • Pain and suffering caused by injuries and loss of enjoyment of life
  • Stress and anxiety due to the nature of the accident

Costs Associated with Partnering with a Motorcycle Accident Attorney in Louisville

Depending on your case, there could be additional costs that will be taken out of your settlement. A motorcycle accident attorney should make you aware of additional costs as they arise, however, it is always good to understand the expenses you may be accumulating as your lawsuit progresses. Fees and costs associated with a motorcycle accident lawsuit may include:

  • Copy fees
  • Cost of obtaining medical records, accident reports, and other necessary records
  • Cost of securing expert witnesses
  • Cost of travel and lodging expenses for you and anyone else involved in your case
  • Expenses related to independent accident investigations
  • Deposition costs and fees
  • Postage costs
  • Trial costs (if necessary)

Contact a Louisville Motorcycle Accident Lawyer

To receive the maximum amount for your motorcycle accident settlement, you need a skilled lawyer to manage your case. At Kaufman & Stigger, we have the resources to justify the full extent of your losses and skillfully negotiate with the insurance company on your behalf. Our dedicated legal team will exercise every avenue of the law and fight for your right to a fair settlement. Put the tiger on your side and call Kaufman & Stigger today for a free consultation.