Well I personally would had asked for $500k minimuim.
breakdown for expenses.
actual damages(ie: bike, material and medical)
lost wages(actual lost wages or lost benefits in writing)
lost enjoyment compensation(no payment, no bike, wasting valuable time of your precious life)
mental infliction compensation(court stress, accident stress etc)
I was rearended a few years back. I was fired through an intersection and off my bike backwards on the opposite side of the intersection knocking me out cold. I came to staring at a an off duty patrolman who was holding me down by my helmet.
I was strapped to a stretcher forcefully ( I was sure I was fine)
my bike was left laying in piece on the road.
Xrays, EKG's etc.....
clean bill of health
settlement offered by the guy's insurance company
$12K total.
This covered my deductables, and my bike. THAT WAS IT.
Apparently they called my insurance company who called me with their number. My insurance company didn't even want to disclose the insult to me. I was pissed to say the least. I told the thief thank you but I'd be seeing him in court. He asked what I thought was fair. I said well if hot coffee on the lap can get over $250K I figure a cool mil would be a good starting point. He said, you weren't even hurt. I told him I was mentally and I hung up.
About a week went by and second offer came directly into me. Their dedicated settlement for ONLY my emotional injuries was over double what they had proposed for my entire previous offering. They were also covering my full medical expenses , not just the deductables as they previously offered. I had to go to one of their offices and sign agreement of settlements and collect my check. Guy nearly choked after I sgned the check and told him," I'd happily settled for my bills paid and a sincere apology, but Hey the check is already issued so i guess I should spend it"