California Motorcycle Accident Lawyer Michael Padway Offers Tips to Motorcyclists for Motorcycle Accident Claims and Compensation

June 05, 2008 (PRLEAP.COM) Business News
Michael Padway, a highly-experienced motorcycle accident lawyer in California noted the need for motorcyclists to seek specialized professional advice if involved in a motorcycle injury accident. In most situations, the motorcyclist does not pay anything to their attorney until they settle and receive payment.

Motorcycle Accident Statistics:

* Approximately 75% of motorcycle accidents involve collision with another vehicle, which was most often an automobile. Most motorcycle accidents which involve a collision with another vehicle are not the fault of the motorcyclist.
* Approximately 25% of motorcycle accidents are single vehicle accidents involving a motorcycle colliding with the roadway a fixed object.
* Vehicle failure accounted for less than 3% of motorcycle accidents, and most of those were single vehicle accidents where control was lost due to a puncture flat.
* The average hospital costs incurred by a motorcyclists involved in an accident was $33,000 in 2002. That does not include earnings loss, or motorcycle repairs.

“In a motorcycle accident, the stakes are high,” stated California Motorcycle Accident Lawyer Michael Padway. “Medical costs incurred by a motorcyclist can easily exceed tens of thousands of dollars. The costs to repair equipment can be large also. Unfortunately there are few ‘fender benders’” when an automobile hits a motorcycle. Motorcyclists are often seriously injured with hit by an automobile.”

Even when liability is clear, the insurance companies have a monetary incentive to string the rider along. "I get most of my cases when the rider gets tired of the insurance company's claims person getting all of the information, but not coming up with a reasonable settlement offer. Unfortunately, by then, months have passed". A good lawyer gets all of the evidence together, and makes sure the insurance company understands that they have to pay. Filing suit quickly is the best way to get things going. Even after the insurance company gets all of the witness statements, medical bills, medical records, medical reports, and the accident report, they can still hold off on settling if the case hasn't been started in court.

Recent information shows that the insurance carriers are making huge profits, and only paying out a fraction of the premium dollar to settle claims. The longer they can hold on to the claims money, the longer it can be invested.

About Michael Padway

Michael Padway is an experienced California motorcycle accident lawyer specializing in motorcycle accident cases. He has represented hundreds of motorcycle accident victims and works to bring his clients the best settlements possible in a timely and efficient manner. Because Michael is a motorcycle rider himself, he understands the ins and the outs of motorcycle accidents and what is needed to win his cases. Injured motorcycle riders can call Michael Padway & Associates, California motorcycle injury accident attorneys at 415-777-1511, or visit MichaelPadway.com.