What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is among of the most frequently asked questions by people involved in truck accidents.
The amount you will receive as a settlement is contingent upon several aspects. This includes the extent of your injuries and the amount of your damages.
What to Expect from a Settlement
A variety of factors can impact the value of a settlement from a truck accident. One of them is the severity and length of your injuries as in addition to the lost wages. Furthermore, your attorney might factor in future medical expenses when you need ongoing medical attention due to your accident. This is typically determined by the testimony of medical doctors or other experts. Your lawyer will also consider the cost of repairing or replacing any property damaged in the accident.
Generally speaking 18 wheeler settlements are generally significantly higher than standard auto accident settlements. Truck accidents are more likely cause severe injuries than car accidents. It is not uncommon for victims of truck accidents to suffer damages of hundreds of thousands, or even millions, of dollars.
You will also be entitled damages for non-economic damage in addition to your economic losses. These are not as quantifiable, but they are equally crucial to your recovery. Non-economic losses include suffering and pain and disfigurement or the loss of enjoyment from your life. Your lawyer will strive to estimate all of your losses, and make sure that you get the right amount of compensation. This can take time particularly when multiple parties are accountable for the incident. A New York truck accident lawyer can help you settle the claim quickly and fairly.
The Importance of Your Case
The value of your 18-wheeler accident case is affected by several factors. Damages and fault are the two most significant. It is crucial to be able to identify fault, as it determines the amount of compensation you are entitled to.
In Texas the law states that you can only get compensation if the other party was at least 50 percent responsible for the collision. Your attorney can use evidence, however, to prove that you were not as at fault as the other party. This could greatly increase the amount of your settlement.
The severity of your injuries or losses will also impact the amount you could receive. Injuries that result from an accident with an 18-wheeler can be much more serious than injuries sustained in a car crash. Trucks can weigh upwards of an 80,000-pound weight and the force that they generate is far greater than what a car that is a passenger can withstand.
The most serious injuries sustained in an accident involving a large truck could result in settlements of millions of dollars or more. You may be able to recover damages not just for medical expenses resulting from your injuries, but also the impact of the collision on your quality-of-life. This can include pain and discomfort and loss of enjoyment in life, and loss companionship. It can be difficult to quantify these damages, but our attorneys have years of experience in providing the best possible evidence of the true financial impact of your accident.
How is the time required to receive an amount of money?
If you make a claim for personal injury after an accident with an 18-wheeler, it can take longer to settle than car accidents due to the seriousness of injuries that usually accompany these crashes. Your attorney will work with medical experts to determine the complete extent of your injuries, including future and ongoing medical expenses as well as loss of wages. Your settlement will also contain non-economic damages, which can be difficult to calculate.
Your lawyer will create the forms for release that you need to sign once a settlement has been made. Once you sign them, the insurance company reviews the case and sends you an agreement-based check. The process could take from a few weeks to up to a month for a variety of reasons, such as clerical mistakes and delays in the mail system.
A key factor in determining how long it takes to get your settlement is the proportion of fault assigned to each party involved in the crash. In the event that there more than one party responsible, it could be necessary to negotiate who is responsible for the injuries. 18 wheeler accident settlement allen will be able to assist you in the process and help you negotiate an acceptable settlement. If the insurance company won't negotiate with you, then your attorney is prepared to pursue a lawsuit for an increase in settlement.
How can a lawyer help?
There are more than 100,000 injury causing accidents with 18 wheelers every year, and most of them result in settlements and lawsuits that could be in the millions of dollars. This makes it big business for lawyers who specialize in settling these cases.
Trucking companies have teams of attorneys working night and day to minimize the risk of claims, therefore victims must have a knowledgeable lawyer on their side. A lawyer can help gather evidence and discuss with insurance companies and even argue their case in court to ensure they get the maximum settlement amount possible.
A lawyer with experience can determine if other parties are liable for compensation, in addition to the trucking firm. This could include a vehicle manufacturer in the event of a crash caused by defective or ineffective components. This could also include a retailer, distributor or manufacturer if the truck was stolen or sold without proper maintenance or inspections.
An experienced attorney will ensure that all damages are properly claimed for past and future medical costs, lost incomes damages to property, emotional trauma, and suffering and pain. It is essential to make a claim as quickly as possible following the incident to ensure that evidence is fresh and available. Additionally, waiting allows the trucking company and their team of lawyers time to prepare for trial and convince a jury that the victim is responsible.