In recent years, motorcycle accident deaths have been on the rise. Getting in a motorcycle accident is actually more common than one would think, so if you find yourself in a motorcycle accident settlement, you will want to know what you need to do next.
But what are the steps? What takes place during an accident settlement? Keep reading to learn more.
Determination of Fault
The first thing that will happen after a motorcycle accident is determining who is at fault for the accident. This will be based on evidence and different parts of the accident to determine the fault.
However, both insurance companies will want to file for compensation depending on what exactly happened in the accident.
Coverage, Expenses, and Damage
After a motorcycle accident, there is likely going to be some type of accrued expenses due to damage to vehicles or personal injury if it was a bad accident.
And this is not something that you want to skip out on just because you are worried about expenses. It will become a part of the settlement later on.
The first thing to look at in the settlement process is insurance. Having insurance coverage is a crucial aspect of having coverage for medical expenses and damage to personal property, which in this case would be the motorcycle or other vehicle in the accident.
During the settlement, damage to the property as well as any medical expenses will often be negotiated as part of the agreement when the settlement terms come out. A lawyer is someone who can help you figure out what to demand in the settlement.
Consider Lost Wages
In addition to medical expenses and personal property damage, you also have to consider lost wages in the settlement. If you were hurt in the accident and have not been able to work, you deserve to be paid for those losses as well.
Knowing how long you have been out of work, how much money you would have made, and how much you expect to lose in the future is important for this part of it.
Know That It Can Go Both Ways
Sometimes an accident settlement will go in your favor; sometimes disputes can require further litigation.
Sometimes you will be able to agree on a settlement, while other times you may end up having to file a lawsuit depending on what happens with the settlement.
It is important to have your expectations straight because they could go either way.
Handling a Motorcycle Accident Settlement
Going through a motorcycle accident settlement process can be extremely daunting as well as complicated. There are a lot of moving parts and pieces that you have to be aware of.
That is why working with a motorcycle accident lawyer is crucial to your settlement case. Contact us to learn more with a free consultation!