Motorcycle accidents are just as terrible as you are more vulnerable to incurring injuries on your body. With such incidents, you might as well get internal injuries that may affect your quality of life.
Keeping in mind the amount of damage involved, you will be curious to know the average payout for a motorcycle accident, too. The following article will give you an in-depth insight related to motorcycle accident cases.
What Are A Few Factors That Affect Your Average Payout?
One has to keep in mind that every motorcycle accident is different from each other.
Therefore, the payout will vary. Even if someone accompanied you on the bike, their compensation will also differ.
The following factors that your payout relies on are as follows:
Medical Bills:
The extravagant cost of medical services, in case you were rushed to the hospital to seek immediate medical attention.
History of Salary:
Suppose the motorcycle accident occurred when you were on the way to your office. In that case, the average payout would be expected to recover your salary and income lost due to the incident.
Cost of Repairing the Vehicle:
The motorcycle must have been damaged. Hence, the person will be expected to get compensated for repairing the vehicle.
Current Value of the Vehicle:
What value the motorcycle currently holds can affect the compensation you are seeking. This also helps in determining the loss at the current market costs.
Emotional Damage:
The pain and suffering of the motorcycle accident might increase the chances of getting a reasonable settlement.
Physical Impairments:
The accident contributed to making you physically impaired or not.
What Economic Damages The Average Payout Might Consider?
The average payout the victim might get can include economic and non-economic damages.
The economic damages can be calculated as they consist of a fixed price. They include the following:
Medical Cost
The hefty hospital bills include the cleaning up of wounds, doctor visits, and days spent at the premises.
Loss of Income:
The income you lost due to the accident.
Future Loss of Wages:
You might not expect yourself to earn like you used to, hence the compensation will support you.
Reduced Ability to Earn:
The accident can reduce your earnings because the injuries stop you from working.
Vehicle Damage:
The accident must have had a significant impact in damaging your motorcycle’s parts or you might have to purchase a completely new one. Hence, the financial backup will look after this.
Long-term Care:
If the accident gave you some permanent injuries that compel you to require life-long care, then the compensation will be necessary.
Home Care:
The compensation will help you in providing home services, too, because it’s very much possible that the injuries you sustained during the accident don’t allow you to engage in any of your home activities as you did prior to the tragedy.
Rehabilitation:
If the motorcycle accident impacted your cognitive functioning, then the compensation will look out for your rehabilitation care as well to seek therapies for comparatively faster recovery.
Non-Economic Damages
On the other hand, the non-economic damages look after your emotional, mental, and physical needs that have left you hopeless in life.
These include general damages that include the life-long pain that you might endure because of the motorcycle accident, as mentioned below:
- Paralysis
- Fractured or broken bones
- Traumatic brain injuries
- Back or joint pain
- Nerve damage
- Organ damage
- Headaches
If we discuss the emotional damage, then that is:
- Fear
- Insomnia
- Grief
- Reduced quality of life
- Loss of enjoyment of life
What is The Average Payout For a Motorcycle Accident?
While it’s extremely difficult to come up with a number that would work with any person involved in a motorcycle accident, we can provide an average number given the accessible case data out there.
The average payout for a motorcycle accident is estimated to be $79,334.61, which a victim can expect to recover after experiencing a motorcycle accident.
With this we come to the end, hoping the blog gave you your required answers regarding the average payout for a motorcycle accident.
