The injury claim process is full of many challenging steps, but one of the most challenging is figuring out how to calculate your claim’s value. It’s easy enough to calculate some damages, such as medical bills and lost wages, but some damages are more difficult. For instance, how do you calculate pain and suffering damages?
If you are trying to find out how much money you could expect to receive in a motorcycle injury settlement, you’re probably wondering: How much is my Los Angeles motorcycle accident claim worth?
Figuring Out Your Damages Might Be More Challenging Than You Think
When trying to calculate a fair settlement for your motorcycle collision, it’s useful to take things one step at a time. First, try to collect all of the documents and information you will need to calculate your financial losses.
Financial losses are all of the expenses you incurred as a result of your accident. For instance, medical treatment, costs of motorcycle repairs, lost income, and costs of physical therapy treatment are some examples.
Once you gather all of these documents, you can start adding up your costs. You should then have a figure for your financial damages.
So, how do you figure out your nonfinancial damages? Things like physical pain, mental trauma, scarring, permanent injury, and lost life enjoyment fall under this category. There is no perfect way to calculate nonfinancial losses, because every person’s experiences are different.
Some insurers will calculate nonfinancial losses by multiplying your financial damages by a number between one and five. The number is assigned based on the seriousness of your injuries, how long you suffered physical pain, and whether you will recover from your injury fully or not.
There are other ways that you can calculate nonfinancial losses, but this should give you a general idea of how much your claim is worth. For more questions, or to get a more accurate figure, talk with a motorcycle injury lawyer at our firm during a free case assessment.
Connect with an L.A. Motorcycle Crash Lawyer
Hopefully we’ve given you a better idea as to how much your Los Angeles motorcycle accident claim is worth. Reach out to our firm to talk with a Los Angeles motorcycle collision lawyer during a free, no pressure consultation. You can get ahold of Custodio & Dubey LLP by completing the form below or by calling 213-593-9095.