What Is the Average Payout for a Motorcycle Accident?

Motorcycle accidents can be catastrophic, meaning they inflict a severe level of damage on victims. As a crash survivor, you may have suffered thousands of dollars in medical bills, motorcycle repairs and lost wages. Recovering a fair amount in financial compensation might be the only way you can move forward from the crash.

An “Average” Payout Does Not Exist

It is challenging to determine an average payout for a motorcycle accident since the compensation available can vary significantly from case to case. The amount an injured motorcyclist receives in an insurance claim settlement or court judgment depends on numerous factors, including the gravity of the injuries, the cost of medical care and the value of damaged property

Liability issues such as the number of at-fault parties and the insurance coverage available can also affect claim payouts. Individuals who are involved in motorcycle accidents in Colorado can collect several thousand dollars to over $1 million, depending on the case. The best way to determine how much your case might be worth is by consulting with a motorcycle accident attorney in Denver who can review your unique circumstances.

Types of Damages Available

Motorcycle accident victims may be eligible for financial compensation for a wide variety of economic and noneconomic losses. These include:

• Past and future health care costs
• Motorcycle repairs or replacement
• Personal property losses
• Lost wages
• Lost future capacity to earn
• Disability
• Pain and suffering
• Loss of enjoyment of life

Wrongful death damages may also be available to surviving family members in the event of a fatal motorcycle accident. In the event this happened, contact our wrongful death lawyers in Denver today.

Who Pays for a Motorcycle Accident in Colorado?

Colorado is an at-fault car insurance state. This means a crash victim can seek a financial recovery from the at-fault driver. If Colorado were a no-fault state, all parties involved would file claims with their own insurers, regardless of fault. All drivers in Colorado are required to maintain a minimum of $25,000 per person in bodily injury or death insurance, $50,000 per accident in bodily injury or death insurance, and $15,000 in property damage liability insurance

As an injured motorcyclist, you can file a claim with the at-fault driver’s insurance company to seek payment for your losses. To qualify for compensation, your motorcycle accident attorney will need to prove that the policyholder caused or significantly contributed to your crash. Common examples of fault include motor vehicle drivers who speed, run red lights, drive while distracted, and drive under the influence of drugs and alcohol.

What Can a Motorcycle Accident Lawyer Do for You?

Even if you are not to blame for a motorcycle accident and have proof of a driver’s fault, an automobile insurance company may make it difficult to recover fair financial compensation for your injuries. This is especially true following motorcycle collisions that result in serious or catastrophic injuries, such as spinal cord injuries or traumatic brain injuries.

An insurance company may put itself first by offering a much lower settlement than you deserve. A motorcycle accident lawyer can submit a counteroffer and negotiate the value on your behalf to reach a fair settlement. If a reasonable settlement cannot be achieved, your lawyer can represent you in court to fight for maximum compensation.

For more information about how much your motorcycle accident case in Colorado might be worth, request a free consultation with an attorney at Fang Accident Lawyers.