What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is among of the most frequently asked concerns by those involved in truck accidents.
The amount you receive as a settlement will depend on various factors. The severity of your injuries, and the amount of damage you’ve suffered are just a few things to take into consideration.
What to Expect from the Settlement
There are a myriad of factors that can impact the value of a truck accident settlement. A few of them are the severity of your injuries, the length of time it took to heal, and your lost wages. In addition, your attorney could take into account future medical costs when you need ongoing treatment due to your accident. This is typically based upon the testimony of doctors or other health care experts. Your lawyer will also consider the cost of repairing or replacing any property damaged in the accident.
In general, settlements for 18-wheeler accidents are significantly higher than those for auto accidents of a normal nature. Truck accidents are more likely cause severe injuries than car accidents. It is not unusual for victims of truck accidents to incur damages of hundreds of thousands or even millions, of dollars.
In addition to your economic losses, you’ll also be entitled to compensation for non-economic losses. These are not quantifiable losses however they are equally crucial to your recovery. For example the non-economic costs could include your pain and suffering as well as loss of enjoyment of life, or even disfigurement. Your lawyer will work diligently to estimate all of your losses and ensure that you are compensated appropriately. This may take some time particularly when multiple parties are responsible for the accident. A New York truck accident lawyer can assist you in settling the claim quickly and in a fair manner.
What is the value of Your Case?
A variety of factors can affect the value of your 18 wheeler accident lawyers-wheeler accident case. Damages and fault are the two most significant. The issue of fault is that it determines the amount you are eligible to receive in compensation.
In Texas in Texas, you’re entitled to compensation if the other driver was at least 50% accountable for your accident. Your lawyer can use evidence to show that you weren’t in the same way as the other party. This could greatly increase the amount of your settlement.
The severity of your injuries or losses will also affect the amount you could receive. The injuries you sustain in a crash with an 18 wheeler accident lawsuit-wheeler are often far greater than those you sustain in a typical car crash. This is because trucks weigh more than 80k pounds, which when multiplied by the speed of travel results in far more force than a passenger vehicle can handle.
Therefore, the most serious injuries that occur in an accident involving a huge truck can result in substantial or even multi-million-dollar settlements. You can recover damages not only for the medical expenses associated with your injuries, but also for the impact of the crash on your quality of life. This includes pain and discomfort as well as loss of enjoyment from life, and loss companionship. It is often difficult to quantify these damages that are not economic however our attorneys have vast experience in preparing and presenting the best possible evidence of the true financial impact of your crash.
The time it takes to Receive a Settlement
It may take longer for a personal injury claim be settled after an accident involving an 18-wheeler because of the seriousness and frequency of injuries. Your attorney will work closely with medical professionals to determine the extent of your damages, including both current and future medical costs as well as lost wages. Your settlement will also include non-economic damages that are difficult to calculate.
Your lawyer will draft the release forms you’ll need to sign after an agreement has been reached. When you sign them the insurance company reviews the case and sends you the check in the amount you agreed to. This process can take a few weeks to a month or more for a variety of reasons, such as clerical errors and delays in the mail system.
The percentage of fault that each party is accountable for in the accident will determine how long it will take to receive your settlement. In cases where there was more than one person at fault, it may be necessary to determine who is accountable for the injuries. Your lawyer will guide you through the negotiation process and help you reach an equitable settlement. If the insurance company doesn’t bargain with you, your attorney will file a suit to get an increase in settlement.
How can a lawyer help?
There are over 100,000 injury resultant accidents caused by 18 wheelers every year, and the majority of them result in settlements and lawsuits that can be in the millions of dollars. This is why it is a lucrative business for lawyers who specialize in settling these cases.
Trucking companies have whole teams of lawyers working night and day to minimize claims, so victims must have an experienced lawyer at their side. A lawyer can help collect evidence, negotiate with insurance companies and even argue their case in court to ensure they get the most settlement possible.
An experienced attorney will be aware of the need to seek out other responsible parties for compensation in addition to the trucking company. It could be the manufacturer of the vehicle, if the crash was due to defective or faulty components. It could also be distributors or retailers if the truck was stolen or sold without proper inspections and maintenance.
A good lawyer will make sure all damages are claimed correctly including past and future medical expenses, lost income property damage, emotional trauma and other damages. It is essential to file your claim as soon after the accident as possible to ensure that all evidence remains fresh. Also, waiting gives the trucking company and their legal team more time to prepare for trial and convince a jury that the victim was at fault.