The cost of a motorcycle accident includes hospital charges; medical treatment after release from the hospital; and loss of income while you can’t work because of your injuries. Obviously, you feel riding a motorcycle is worth the risk but see if you are financially prepared for the risk.
Hospital Charges For Motorcycle Injuries
According to a 2012 Florida DOT motorcycle safety study (New York is likely more expensive), the median hospital charge of a hospital emergency room visit (without being admitted overnight) for motorcyclists injured in a motorcycle accident was $7,426.58.
The median hospital charge for motorcyclists admitted in the hospital overnight for injuries sustained in a motorcycle accident was $114,047.58.
Medical Charges for Motorcycle Injuries after Release from the Hospital
The hospital charge for treating motorcycle injuries is not small but this doesn’t include the cost of the following after your release from the hospital:
- Doctor bills for treatment by a doctor outside of the hospital
- Physical Therapy and other types of Therpay
- Dental bills
- Prosthetics you might need if you lose a limb
- Prescription drugs
Protecting Yourself Financially When You’re in a Motorcycle Accident
Do you have adequate medical insurance to pay for your medical treatment in the event you have a motorcycle accident? Not only do you need to protect yourself from getting into debt, but you need to make sure that you can get the medical treatment you may need. You really shouldn’t be riding a motorcycle without medical insurance coverage.
Do you have any disability insurance coverage which can pay you money while you can’t work? While disability insurance coverage can be expensive if you don’t already get it from your employer, you can purchase inexpensive hospital disability coverage which pays you money every day you’re in the hospital.
Possibly the most important because of its inexpensive cost, is uninsured and underinsured coverage which will pay you if you are injured because of someone else’s negligence and they have no insurance or less insurance coverage than your policy.
As your motorcycle accident lawyers, high underinsured limits on your motorcycle insurance policy will also help us substantially speed up your case. This is because the defendant’s insurance company knows we will have to take your case to trial if they don’t pay the entire policy, so they usually pay quickly.
After that, your underinsured claim can be arbitrated in a matter of months. Underinsured coverage may result in resolving your case years earlier!
When you’ve been injured in a motorcycle accident facing mounting bills and lost time from work, getting a lot of money and getting it quicker because you have substantial underinsured coverage can be a lifesaver.
Read more information about the insurance coverages mentioned above and other motorcycle insurance tips in our Motorcycle Insurance Guide.
If you prefer to have us explain it, will be happy to give you a free motorcycle insurance coverage consultation.
Don’t let the medical cost of your motorcycle injuries and the loss of income from a motorcycle accident put you in debt! Even for a very small amount of money, you can protect yourself if you know what to do before you have a motorcycle accident.
We are motorcycle accident lawyers in New York and we’ll give you a free motorcycle insurance coverage consultation and review of your current motorcycle insurance policy so you can be protected before a motorcycle accident.