Have you been involved in a bike accident and are wondering how much your injury or property damage will be worth should you choose to press charges? Well, the answer to that question is it depends. All accidents are unique, and so is their compensation.
However, if you are injured or have incurred property damage following the accident, then you are entitled to compensation – provided you can prove that the driver was negligent or they intentionally and recklessly brought harm upon you. But sometimes, showing that the driver was at fault becomes difficult, especially if it’s your word against theirs. Insurance companies are also keen on not spending lots of money on your claim, so, they will either try to underpay you or refuse to pay you altogether, with the claim that you were at fault.
For this and many other reasons, it is a good idea to have a competent lawyer by your side – he or she will not only help you prove that the other driver was at fault, but also help represent your best interest. Khan Law Firm attorneys will help negotiate with the insurers so that you get enough compensation for your injuries and damages. But if the insurance company fails to pay you what you deserve, they will help litigate your case.
That leads us to the question, how much is a bicycle accident injury claim worth?
Accident compensation is mainly based on one thing, and that’s damages. Damages can be categorized into two parts, economic, and non-economic damage.
Financial damages are somewhat easy to establish because they are related to wages, bills and other observable costs. However, economic damages are not just restricted to the amount you spend due to the accident, like co-pays and repair bills, the charges also include future losses that you incur because of the crash, such as lost earning potential due to disability and so on. Some examples of financial damages that you can get compensation for include:
- Past and future medical costs
- Past and future lost wages
- Lost capacity to provide household services
- Lost earning capacity
- Destruction or loss of personal property
- Cost of replacement or repair of property
- Expenses for things you cannot do because of the injury – like having to hire help and so on.
Financial damages are established by looking at things like your receipts, pay stubs, medical bills, etc. Keep in mind that you’ll need to keep tabs with all your expenses to get compensation – with documentation; it’s easier to build a strong case.
You can lose so much more than finances after a bicycle accident. Other than medical expenses and lost work hours, there are different ways the accident can affect your life negatively. For instance, you may develop a phobia for riding your bike, or you may become unable to ride the bike. Better yet, you may find it hard to perform your daily duties because of disability or chronic pain, or even play around with your kids the way you used to.
Non-economic damages will compensate you for the things that aren’t calculated on receipts like:
- Emotional distress
- Pain and suffering
- Loss of life enjoyment
- Loss of consortium
A good lawyer will help you understand these damages.