How Insurance Companies Calculate Motorcycle Accident Settlements?

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How Insurance Companies Calculate Motorcycle
Accident Settlements?

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With each passing year, the number of accidents
increases by a few percent. The reason is simple
with more people, there are more vehicles and
less space on the road. Some countries all over
the world are so overpopulated, that driving in
their streets is a complete nightmare. However,
in the United States, the roads are still far
from being overcrowded. There is still a lot of
space for everyone to have a safe and pleasant
journey. But, motorcycle accidents still occur.
Sometimes, they are a result of someones
distraction, and in other cases, the result of
someones negligence.
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If you got injured in a motorcycle accident and
you wish to learn more about it, speak with a Los
Angeles motorcycle accident attorney to receive a
free case evaluation and a free consultation. But
how do insurance companies calculate motorcycle
accident settlements? Is there a special formula,
and what is taken into consideration? Keep
reading to find out.
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Damages Suffered In The Accident
The first thing that is taken into consideration
when calculating an injured individuals
settlement is the damage that the individual
suffered as a result of the accident.
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The Damages Suffered Are Placed In A Few
Different Categories

• Property damages (damages to the vehicle)
• Physical Injuries suffered as a result
• Medical costs
• Pain and suffering
• Lost wages
• Lost earning potential
• Cost of retraining for a new job or occupation

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Every single damage is calculated separately.
Once the total amount of all damages is put
together, you can have a vivid picture of how
much you should expect to receive from your
compensation. However, this is not always the
case. In the majority of cases, the two parties
involved try and settle outside the court. They
start the negotiations for the purpose of finding
the middle ground. The at-fault partys
insurance company will make several, offers, and
the plaintiffs attorney will propose
counteroffers until both parties agree to the
sum. If that never happens, the case will go to
trial, causing additional costs to both parties
involved and taking significantly more time to
settle. In the end, the plaintiff may win the sum
that he or she requested, but after paying the
attorney and the court fees, he or she will be
left with less than what they asked for. That is
how it works, unfortunately. And in most cases,
the plaintiff would receive more by settling
outside of court and would save the most precious
resource in the process time.
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Be Reasonable

Remember to always expect a little less than what
the realistic sum is. The chances of getting the
exact amount that you requested are extremely
low, and the chances of settling for a bit less
are very high. Always consult with your attorney
if you do not have one, feel free to reach out to
Los Angeles motorcycle accident attorneys at JML
Law, A Professional Law Corporation. Let
attorneys evaluate your case, and suggest the
future course for action. In the end, they will
do whatever you decide is best for you and your
family. Stay reasonable and be realistic, and you
will get exactly what you want.
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Contact JML Law, A Professional Law
Corporation
5855 Topanga Cyn Blvd, 300 Woodland Hills, CA
91367
818-610-8800
https//www.jmllaw.com/contact.shtml