I Had a Motorcycle Accident: Should I Sell It?
After experiencing a motorcycle accident, it’s common for someone to suffer from post-traumatic stress or another condition that might make them want to sell their motorcycle. But is this advisable? When should you consider it, and when should you hold off? There are several factors to think about before deciding to sell your motorcycle after an accident—factors we’ll explore in this article.
What we can say upfront is that if you were injured in a motorcycle accident, seeking the assistance of a motorcycle accident lawyer is essential to ensure you receive the maximum financial compensation for the damages you’ve suffered. This compensation could allow you to purchase a new motorcycle (or another vehicle you need), pay your medical bills, recover lost wages, and gain many other benefits. Call for a free consultation at (866) 721-5808.
Considerations for Selling Your Motorcycle After an Accident
Legal Considerations
If you’re involved in an accident claim, selling the motorcycle could have legal implications. It’s important to consult with an attorney to fully understand your rights and responsibilities in this situation.
Accident History
Keep in mind that a motorcycle’s accident history can impact its resale value. Buyers may be hesitant to purchase a motorcycle that has been in an accident, even if it has been repaired.
Insurance Claims
If you have insurance that covers damages to the motorcycle, it’s essential to review your policy and speak with your insurance company to understand what is and isn’t covered. This could influence your decision to sell the motorcycle.
Repair Costs
Assess the cost of repairing the motorcycle compared to its current market value. If repair costs are significantly high and the motorcycle no longer has substantial value, selling it might make more sense. However, if your compensation allows you to repair it, it may be worth waiting until your claim is resolved so you can sell it at a better price.
Structural Damage
If the motorcycle sustained serious structural damage that compromises its future safety, selling it could be a prudent choice, as repairing it fully may not restore its structural integrity. If your claim covers these damages, you might not even need to sell it.
What to Do After a Motorcycle Accident
Your actions at the scene of the accident can greatly affect the outcome of your motorcycle accident claim. Once the scene has cleared, any valuable evidence may be lost forever. If you can do so safely, we recommend:
- Seeking medical attention: This is crucial for your health and for documenting your injuries.
- Calling the police: They will investigate the accident and file an impartial report.
- Exchanging insurance information: Make sure to get details from all other drivers involved.
- Gathering witness information: Collect contact details from eyewitnesses at the scene.
- Taking photographs: Document the accident scene and all vehicles involved.
- Looking for surveillance cameras: Nearby cameras might have recorded the accident.
- Noting details: Record information about the weather, road signs, lighting, road conditions, and the behavior of the other driver.
- Avoiding responsibility: Don’t admit fault or give a statement to your insurance company without legal advice.
- Contacting a personal injury lawyer.
Hire a Motorcycle Accident Lawyer as Soon as Possible
If you’ve been in a motorcycle accident, hiring a lawyer promptly increases your chances of obtaining the maximum compensation for your claim. It’s unfair for you to bear the cost of repairing your motorcycle, paying medical bills, and enduring pain and suffering because of someone else’s negligence.
File your claim with a trusted lawyer and make your accident nothing more than a bad memory. Call us at (866) 721-5808 for a free consultation.