How Much is a Boating Accident Settlement Worth?

man signing paper

Factors That Determine the Value of Your Boat Accident Claim  

It is natural to wonder what the value of your claim is after being involved in a boating accident. If you were seriously injured, you might be unable to work and need assistance paying medical bills. When another party is responsible for your injuries, you are likely entitled to compensation, but determining the settlement amount can be challenging.  

At Mase Mebane Seitz, we represent individuals who have been injured in boating accidents throughout Miami and South Florida. Our trial-tested lawyers have handled thousands of cases, successfully recovering millions of dollars for our clients. If you were injured in a boating accident, contact our office at (844) 627-3529 for a free consultation. 

Boating Accident Statistics 

According to the 2020 Recreational Boating Statistics issued by the United States Coast Guard (USCG), there were 5,265 reportable boating accidents last year. This marked an over 26% increase in the number of accidents when compared to the previous year.  

Data collected by the USCG shows that in 2020 recreational boating accidents resulted in:  

  • 767 fatalities; 
  • 3,191 injuries; 
  • $62.5 million in property damage; 
  • 25% increase in the fatality rate compared to 2019; and a
  • 24.7% increase in the number of injuries.

The tragedy is that many of these injuries and deaths are preventable. Studies show that things like alcohol, excessive speeding, and operator inattention are some of the leading contributing factors in boating accidents. 

Determining Fault 

To obtain compensation after a boating accident, you must determine who was at fault and if they can be held liable. Determining fault is not always straightforward. There may be multiple factors that contributed to the accident or more than one party at fault. 

The best way to determine who can be held responsible for your injuries or the wrongful death of your loved one is with the help of an experienced attorney. A lawyer can investigate the cause of the accident by subpoenaing evidence and interviewing key witnesses.   

Calculating Damages 

Once fault is determined, then you can begin to calculate damages. Settlements in boating accidents vary greatly depending on the individual circumstances of the case. 

Damages in a boating accident may depend on:  

  • The extent of your injuries; 
  • The cost of medical treatment; 
  • Your pain and suffering; 
  • Lost wages and whether you can work in the future;
  • Any comparative negligence;
  • Available insurance;
  • Damage to your property; and
  • Whether a loved one was injured or killed in the accident.  

While it can be frustrating not to have an exact settlement amount given to you in the beginning, an attorney can help you understand what compensation you should ask for and how damages will be awarded. 

One of the most important things you can do after an accident to ensure that you receive the largest settlement possible is to seek medical treatment for your injuries. Proving your injuries is an essential part of the recovery you may receive. 

Get a Free, No-Obligation Consultation 

If you were injured in a boating accident, contact Mase Mebane Seitz to discuss your legal options. We can help you determine who was at fault and how to calculate your damages. Our legal team knows what it takes to win and will fight hard to get you the most significant recovery possible. 

Call our office today at (844) 627-3529. All consultations are free and without obligation to retain our services.