What Are the Average 18 Wheeler Settlements?

One of the most frequent questions that those who have been involved in truck accidents is "What are the typical 18-wheeler settlements?"

The amount you receive as settlement depends on a number of factors. This includes the severity of your injuries and the extent of your damages.

What to Expect from the Settlement

There are a myriad of factors that affect the value of a truck accident settlement. A few of these are the severity and duration of your injuries, as in addition to the lost wages. Your lawyer could include future medical costs if you require ongoing treatment following your accident. This is typically based on medical experts' testimony or other health care professionals. In addition, your lawyer will also look at the cost to repair or replace any property damaged in the crash.

Generally speaking the settlements for 18 wheelers are much larger than standard auto settlements for accidents. Truck accidents are more likely cause serious injuries than car accidents. It is not unusual for victims of truck accidents to suffer damages of hundreds of thousands, lawsuit or even millions of dollars.

In addition to your economic losses, you will also be eligible for compensation for non-economic losses. These aren't as quantifiable however they are equally important to your recovery. For example your non-economic losses may include your pain and suffering as well as loss of enjoyment of life, or even disfigurement. Your lawyer will work diligently to calculate all of your losses and make sure you get the right amount of compensation. It can take some time especially if multiple parties share responsibility for the crash. 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?

The value of your 18-wheeler crash case is affected by several factors. Fault and damages are the two most important. It is crucial because it determines the amount you are eligible to receive in compensation.

In Texas the state of Texas, you're entitled to compensation if the driver who caused the accident was at least 50% at fault for the accident. Your attorney can use evidence to demonstrate that you were not in the same way as the other party. This could increase the amount of your settlement substantially.

The severity of your losses or lawsuit injuries can affect the amount you can expect to receive. The injuries you experience in an accident with an 18 wheeler accident attorneys-wheeler are typically more severe than those sustained in a typical car accident. This is due to the fact that trucks weigh more than 80,000 pounds, which multiplied by the speed of travel results in much more force than a typical passenger vehicle is able to withstand.

Thus the most serious injuries that occur in an accident involving a huge truck could lead to substantial or even multi-million dollar settlements. The damages you can claim are not only for the medical costs associated with your injuries but also for the impact of the collision on your quality of life. This includes discomfort and pain, loss of enjoyment in life, and loss of companionship. These non-economic damages are typically difficult to quantify, however our attorneys can help you create and present the best evidence possible of the true financial impact.

The time it takes to Receive the Settlement

If you file a personal injury claim after an accident with an 18-wheeler, it may take longer to settle than car accidents because of the severity of injuries that typically result from these crashes. Your lawyer will collaborate with medical experts to determine the full extent of your injuries, including current and future medical costs and lost wages. Non-economic damages, which could be harder to calculate are also included in the settlement.

If a settlement has been reached, your lawyer will prepare release forms for you to sign. After you have signed them, the insurance company will review your case and issue an amount you agreed to. The process could take several weeks or even a month, depending on the circumstances.

A major factor in determining how long it takes to receive your settlement is the proportion of blame assigned to each of the parties involved in the crash. In the event that more than one party was at fault there is a possibility that the parties will have to negotiate who is accountable for your injuries. Your attorney will guide you through the negotiation process and help you negotiate a fair settlement. If the insurance company is unwilling to negotiate with you, your lawyer will be able to file a lawsuit in order to obtain a higher monetary settlement.

How a Lawyer Can Help

There are over 100,000 injury accident-related accidents that occur with 18 wheelers every year, and the majority of them result in lawsuits and settlements that can be in the millions of dollars. This is a big business for lawyers who specialize in litigating these cases.

Trucking companies have whole teams of lawyers working throughout the day and night to limit claims, which means that victims need to have an experienced lawyer at their side. A lawyer can assist them gather evidence, discuss with insurance companies and even argue their case in court to ensure they receive the highest settlement possible.

An experienced lawyer will know if other parties are liable for compensation in addition to the trucking company. This could include a car manufacturer in the event of a crash caused by defective or ineffective components. It could also be the retailer or distributor in the event that the truck was sold or stolen without proper inspections and maintenance.

A good lawyer will ensure that all damages are appropriately claimed including past and future medical expenses as well as lost income damages to property, emotional trauma and other losses. It is essential to submit a claim as soon as you can after the accident to ensure that the evidence is fresh and readily available. Also, waiting gives the trucking company and their team of lawyers more time to prepare for trial and convince jurors that the victim is at fault.