What kind of insurance should I have for my Motorcycle?
What is Auto Accident Compensation (AAC)?
Average compensations for motorcycle accidents are misleading because of the extreme variance. Minor injury and property damage cases may settle for as little as $10,000 to $15,000. On the other hand, major injury and wrongful death claims can go into the seven and eight figures.
The largest factor is the extent of the injury. A sprained ankle may be worth a small amount but someone paralyzed and in need of around the clock care for life requires millions of dollars to cover these expenses. Wrongful death claims from families have similarly high damages.
Compensations come down to the amount of monetary and general damages suffered by the plaintiff minus any comparative negligence. Comparative negligence comes into play when the plaintiff had a role, even if very small, in causing the collision.
There is no set limit under Florida law for the amount you can seek in a motorcycle accident case. Cases involving minor injuries and property damage typically settle for $10,000 to $15,000. However, if the accident resulted in spinal cord injury or wrongful death, the compensation can reach six or seven figures.
Personal injury law permits plaintiffs to seek compensatory and general damages. Compensatory damages cover verifiable financial losses, including medical expenses, rehabilitation therapy, long-term care, and lost wages.
General damages refer to intangible losses, such as pain and suffering, emotional distress, and loss of enjoyment in life.
In rare instances, punitive damages may be awarded. Courts use punitive damages to punish and deter wrongdoing. Most vehicle accident cases involve negligence rather than intentional misconduct. However, if the defendant’s behavior was particularly outrageous and endangered others, punitive damages may be applicable.
Auto Accident Compensation (AAC) is benefits payable up to $10,000.00 to cover 80% of your medical expenses and/or loss wages regardless of fault in an accident. This coverage does not compensate the injured person for any pain and suffering.
In the State of Florida, having Uninsured Motorist Coverage is crucial for motorcycle riders. A significant number of drivers in Florida either lack insurance or have inadequate coverage to cover your medical expenses and any resulting pain and suffering.
Leave a Reply