A motorcycle accident in Florida can leave you with considerable expenses tied to medical care and vehicle repairs. Many motorcyclists can settle out of court to get funds to cover these losses. So, how much should you settle for after a motorcycle accident?
The right amount of compensation varies on a case-by-case basis. Generally, you should seek enough funds to cover all your losses. A Florida motorcycle accident lawyer from our team at SKG can track your losses to provide a more accurate estimate.
Our team can handle negotiations with insurance companies to bring you a settlement. Find out more about how we can help by calling or filling out our online contact form.
What Compensation Can You Get After a Motorcycle Wreck?
Understanding the appropriate value of your motorcycle accident settlement means reviewing the possible forms of compensation you could receive after a collision. Depending on your situation, you may qualify for funds to cover your:
Motorcycle accidents have a reputation for causing serious physical harm to riders, including concussions, broken bones, internal injuries, and paralysis. You may qualify to receive funds to cover your:
- Emergency care and ambulance ride
- Medical tests ordered to diagnose your condition
- Medical treatments and surgeries
- Physical therapy and rehabilitation appointments
All of these losses may factor into your insurance settlement. The cost of treating injuries can vary greatly, changing the correct amount of compensation on a case-by-case basis.
You may also have a chance to get funds to cover any pay, bonuses, or raises you missed while recovering from a motorcycle accident. In some cases, you may qualify for funds to cover diminished earning potential.
A wreck with another vehicle could damage or total your motorcycle. Your insurance settlement may cover the costs to repair or replace your vehicle. These costs can vary based on the extent of the damage and the make, model, and age of your motorcycle.
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How do Lawyers Determine an Appropriate Motorcycle Accident Settlement?
Determining how to settle your motorcycle accident in Florida takes time and professional care. Our team of lawyers goes over all your losses, collecting documentation to support the expenses associated with the collision.
We prepare for insurance negotiations by gathering medical records, bills from repair shops, and information from your employer. We may also look at the pain and emotional suffering caused by the accident when developing a fair idea for compensation.
After we understand the extent of your losses, we can begin negotiations with the insurance company. The company may try to push you towards a subpar offer. We’re here to stand up for you and negotiate on your behalf to come to a fair agreement.
Which Insurance Company Covers Your Losses in Florida?
Florida uses no-fault rules to handle motor vehicle accident claims, including motorcycle wrecks. Therefore, you may have to file a claim with your insurance company to secure compensation for your losses.
A motorcycle accident lawyer can review your claim to provide you with more exact information about your next steps.
Can You File a Lawsuit Instead of Settling Your Motorcycle Accident Claim?
Florida only allows you to file a lawsuit after a motor vehicle collision in specific circumstances. In most cases, the state expects you to seek compensation through your PIP coverage.
However, you may qualify to file a lawsuit for additional damages if you sustained a permanent injury in your collision. Injuries that result in permanent impairment or disfigurement may qualify you for this legal action.
A motorcycle accident attorney can review your claim to see if you’re eligible to go to court for a motorcycle accident, which may expand your options to secure damages.
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How Quickly do You Have to Settle After a Motorcycle Accident?
Generally, we recommend beginning the negotiation process quickly with an insurance company after an accident. We work proactively to quickly gather evidence and track all losses associated with the collision.
However, in many cases, Florida’s statute of limitations gives you up to two years to seek compensation. Therefore, you may still qualify to settle your claim even if you wait for a while after your accident.
Once you begin working on the claim, your lawyer may take several months to negotiate a fair settlement.
Speak to Us About a Fair Settlement for Your Motorcycle Accident
How much should you settle for after a motorcycle accident in Florida? Our team at SKG can look over your specific losses to help you determine a fair amount of damages to cover all of your expenses. We’re standing by to assist you.
Find out more by calling or filling out our online contact form.