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How Much Can You Receive in a Race Boat Accident Settlement?

If you were injured in a race boat accident that was someone else's fault, you've probably considered hiring a personal injury lawyer and suing for money to help pay your accident-related expenses. Understandably, you may be wondering how much money you can receive in a race boat accident settlement or judgment.

How Race Boat Accident Awards Are Calculated

An experienced boating accident lawyer can guide you through the process of negotiating a settlement or suing the boat driver for damages. Damages is the term used to describe the compensation you receive for your injury.

In calculating estimated damages, your attorney will consider:

  • Your injury-related medical bills, including those bills you've already incurred, as well as estimates of future medical bills related to your race boat accident injury
  • The cost of any time you've had to take off work (including lost wages) while recuperating from your injury or getting medical treatment or therapy
  • The cost of hiring someone to do chores that you can't otherwise do because of your race boat accident injury
  • The cost to repair or replace any property that was damaged in the course of your accident
  • Any other out-of-pocket costs as a direct result of your injury
  • Whether you've been permanently disabled or disfigured as a result of your injury, and the severity of these disabilities or disfigurements
  • Whether your future earnings will be diminished because of your injury
  • Whether you've experienced emotional or physical pain or suffering as a result of your injuries

Your lawyer will try to determine also whether you share any of the blame for your accident. If you are partially at fault, this might diminish your settlement.

No Two Awards Are Alike

Understandably no two people and no two injuries are alike, so there is no single correct answer when it comes to estimating settlement amounts. Your attorney will consider all of the factors related to your race boat injury before contacting the driver who was at fault or his or her insurance company.

Negotiating an accident settlement is, in some ways, no different from negotiating to buy a new car or negotiating your salary for a new job. Your attorney will probably begin by suggesting a high amount that can be backed up by facts, but may be more than you expect the other side to agree to. Usually the other side will counter with a substantially lower number. Both sides then negotiate back and forth until an agreement is reached.

If you are unable to negotiate a settlement to your race boat accident, then you and your attorney will have to decide whether to sue the at-fault driver. It's important to remember that personal injury lawsuits can be long and drawn out. It can easily take a year or more to resolve, and there's no guarantee that you will win substantially more money than was discussed in settlement negotiations.

You may have to decide whether you're willing to accept a smaller settlement soon or wait a long time for a possibly larger award.