You have to find out what rights you have in your state.

In NY state for instance if you are not in a serious accident (aka, you did not break anything, you are not permanently injured, and you are not dead), then you can only collect all physical losses (bike, clothing, helmet, etc), all medical expenses, and only 80% of lost wages. Personally I was quite happy NOT to qualify for serious accident status and had my medical bills sent directly to the insurance company. Within 2 weeks I had a check for $1000 to cover my losses and within month I had my lost wages (time stuck int he ER) paid for as well. You definitely need to find out what the limits are for your state so you can get what you rightly deserve.

Happy riding,
André