Bicycle accident victims often experience debilitating injuries. However, it is the extreme emotional distress and financial losses that can be especially overwhelming. If you have suffered a serious injury in a bike wreck, you may be interested in learning more about the average settlement for a bicycle accident.
After all, taking legal action may be the only way to avoid destroying your credit score, losing your home, or being unable to provide for yourself or your family. Unfortunately, there is not a one-size-fits-all approach to bicycle accident settlements. Here is more about why there is no true average settlement for a bicycle accident and how you can get your costs covered in advance with a bicycle accident lawsuit loan while your personal injury lawyer fights for the compensation you deserve in court.
Bicycle Accident Settlements Are Not Universal
The trouble with average bicycle accident settlement figures you find online is that they are not universal. We have no idea how many settlements have been taken into account, where the settlements came from, or the circumstances surrounding the cases involved. For all we know, these figures could be hypothetical unless there is some sort of data or source to prove these as facts.
The truth is that there is not an average bicycle accident settlement. There are far too many factors that can determine the amount of compensation victims could be awarded to average this figure. However, if a personal injury law firm calculates the exact number of bicycle accident cases they have handled, and averages these settlements, this may be the one exception to the rule.
But when you are looking for average settlement figures online, most of what you see is not going to help you. What you should be looking for is information about what your damages could be worth if you choose to move forward with your claim. The best way to get these answers is by speaking with a legal representative who can extensively analyze your damages.
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Factors to Take into Consideration When Estimating a Bicycle Accident Settlement
Instead of focusing on the average bicycle accident settlement, think about how much your specific damages could be worth. Multiple factors should be considered, including the extent of your damages, The availability of evidence, whether the liable party has insurance coverage, and more. These are all factors that can increase or decrease the amount of compensation you could recover if your claim is successful.
The Severity of Your Damages
The more serious your injuries are, the more you could reasonably expect to recover in damages. Typically, the greater the extent of the injury, the greater the impact of the injury on the victim’s life. It is this impact on your life that matters most.
If you suffer a broken bone but can return to work in a couple of weeks, and the liable party is willing to cover your medical bills in the short time you were out of work, you may not be entitled to more than these losses.
However, if you suffer a broken bone and are going to be out of work for months or longer, can no longer participate in activities you loved, or are facing hundreds of thousands of dollars in expenses related to your injuries, your damages would be considered far more extensive. The type of injury, the extent of the injury, and the way the injury affects victims’ lives make it possible to get an accurate representation of what the average settlement might be after a bicycle accident.
Evidence Availability
The availability of evidence also matters. There may be many other injury victims who have suffered tremendous losses and were unable to recover the compensation they deserve. Maybe the liable party was facing criminal charges and the evidence was tied up.
Perhaps witnesses to the accident could not be located, which weakened the injury victim’s case. At any rate, if the evidence is not available or strong enough to prove liability based on a preponderance of the evidence as described by the Code of Federal Regulations 2 CFR 180.990, victims may not receive the amount of compensation they would have otherwise been entitled to.
For this reason, it is crucial that you discuss the specific details of your case with your legal advocate to find out how evidence could impact the outcome of your bicycle accident claim.
Our Pre-Settlement Loans for Bicycle Accidents Offer Financial Relief
The trauma of your bicycle accident and subsequent injuries may have a lasting impact on your life. Fortunately, no matter what the average bike accident settlement may be, with the right legal representative in your corner, you can recover full compensation for your losses. While you move through the insurance and civil claims processes, we do not believe you should continue to struggle.
Silver Dollar Financial can help you get your costs covered now. Tap into your anticipated settlement so you can cover your outstanding expenses and avoid financial ruin. The best part is that our car accident loans are always non-recourse as described by the Internal Revenue Service (IRS).
This means you will only have to pay back your pre-settlement legal funding when you win your personal injury lawsuit. If your case is unsuccessful with the insurance company or at trial, you do not have to pay back even one cent of what we loaned you. After everything you have been through, taking on that risk is the least we can do.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Turn to a Respected Lawsuit Loan Provider for Support After a Bicycle Accident
The bicycle accident injuries you sustained could have a profound impact on your life for years to come. We do not believe you should have to continue to struggle after everything you have been through.
While we cannot give you an accurate representation of the average settlement for a bicycle accident, you can find out how much your damages are worth when you discuss them at length with a reputable bicycle accident lawyer.
Have your legal representative demand full compensation for your losses with the insurance company or at trial. Turn to Silver Dollar Financial to get the lawsuit loans you need when you need them.
Apply now, fill out our convenient contact form, or call us if you have additional questions about how lawsuit loans work and whether your bicycle accident claim qualifies.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding