Determining the appropriate settlement amount after a motorcycle accident in Houston, TX, can be complex. Settlement amounts depend on various factors, such as the severity of your injuries, the extent of property damage, and the overall impact on your life.
While each case is unique, this article provides valuable insights into how settlements are calculated and what you can expect when pursuing a motorcycle accident claim. Either as a driver or a passenger.
Determining The Cost of Your Losses in a Motorcycle Accident
Several key factors come into play to gauge the value of a settlement for a motorcycle accident in Houston, TX. These factors include medical expenses, property damage, lost wages, pain and suffering, and any future costs resulting from your injuries.
Other than liability, the main issues in valuing damages for settlement are a) the severity of injuries and b) the available insurance coverage to pay damages.
Motorcycle accidents can result in severe injuries due to the vulnerability of riders. The average settlement value for a Houston motorcycle accident ranges between $75,000 and $150,000. Some cases can be valued lower, and others substantially more. Speak with our preeminent-rated motorcycle accident lawyer Greg Baumgartner about your case.
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Types Of Damages Awarded In Motorcycle Accident Claims
In a motorcycle accident claim, different types of damages may be awarded to compensate for the losses suffered. These damages can be broadly categorized into economic and non-economic damages.
Economic damages are quantifiable losses that have a direct financial impact. They include medical expenses, property damage, lost wages, and future medical costs.
Non-economic damages, on the other hand, compensate for intangible losses such as pain and suffering, emotional distress, loss of enjoyment of life, and disfigurement.
The calculation of damages in a motorcycle accident claim is a complex process, and the assistance of a skilled personal injury attorney can greatly help in accurately evaluating and presenting your case.
How Fault Is Determined in a Texas Motorcycle Accident
In Texas, determining fault in a motorcycle accident is based on the comparative negligence rule. This rule means that each party involved in the accident can be assigned a percentage of fault based on their actions or negligence leading to the collision.
The amount of fault assigned to each party affects the overall settlement value. For example, if you were found to be 20% at fault for the accident, your settlement may be reduced by 20% to account for your contribution to the collision.
It’s crucial to gather evidence and present a compelling case to establish the other party’s negligence and minimize any potential fault attributed to you. Working with an experienced personal injury attorney can significantly strengthen your claim and help you pursue a fair settlement.
The Difference Between a Settlement Value Vs. Trial Value in a Motorcycle Accident Claim
When considering a motorcycle accident claim, learn the difference between settlement value and trial value. The settlement value refers to the amount that both parties agree upon to resolve the case without going to trial. On the other hand, the trial value is the estimated amount a jury would award if the case proceeds to trial.
Settlement values are often lower than trial values, as they involve negotiation and compromise between the parties involved. However, settling a case can save time, money, and the uncertainty of a trial outcome.
An experienced personal injury attorney can assess the strengths and weaknesses of your case, advise you on the potential settlement value, and guide you in making an informed decision whether to accept a settlement or pursue a trial.
Determining the value of a good settlement for a motorcycle accident in Houston involves considering various factors such as the extent of your injuries, property damage, or lost wages. While estimates indicate an average settlement range, every case is unique, and the value can vary significantly.
It is vital to consult with a knowledgeable personal injury attorney who can assess the specifics of your case, negotiate on your behalf, and help you obtain the compensation you deserve.
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6711 Cypress Creek Pkwy, Houston, TX, 77069