How Much is a Bicycle Accident Worth?
Bicycle accidents can have a devastating impact on your physical and emotional health. As a cyclist, you may go through various injuries during a bicycle accident. It may lead to extreme pain and trauma. Thus, you must hire an attorney to help you access the case because the insurance company may try to lower your compensation. In such a situation, knowing the worth of your claim can help to receive fair compensation. In this article, we have jotted down the top factors that affect the worth of bicycle accidents. So, here we go!
Factors to consider affecting a bicycle accident case worth
1. Extent of injuries
The case value largely depends on different types of injuries received in the bicycle accident. Money is usually awarded for serious injuries such as fractures, traumatic brain injuries, spinal cord injuries, or permanent disabilities because of the longer-term effects on the victim’s quality of life, higher medical expenditures, and continuous treatment requirements.
2. Fault and liability
Liability should be established in every personal injury lawsuit. These include bicycle accidents. The value of your case can be greatly impacted by different elements. These include:
- Whether the collision was brought on by a driver’s negligence
- Poor road conditions
- The cyclist’s own conduct
Under comparative negligence laws, the cyclist’s ability to obtain compensation may be limited if they bear some degree of fault.
3. Insurance coverage
The availability and limits of insurance coverage influence the compensation in a bicycle accident case. These include:
- Medical payments coverage
- Uninsured or underinsured motorist coverage
- Coverage from the at-fault party’s insurance
- Cyclist’s own insurance plans
Greater insurance limits usually equate to a higher chance of receiving compensation for the harm and losses suffered by the victim.
4. Economic damage
Economic damages are measured as monetary losses arising from the accident and include:
- Missed pay
- Medical bills
- Rehabilitation expenditures
- Property damage
The entire amount of the cyclist’s economic losses has a direct bearing on the amount of money requested in the lawsuit.
5. Non-economic damages
Noneconomic damages include intangible losses, including:
- Pain and suffering
- Mental anguish
- Loss of life enjoyment
- Loss of consortium
The purpose of these damages is to make up for suffering brought on by the accident.
Wrapping up
When evaluating your bicycle accident case worth, you must consider these top 5 factors to make the right choice.
