What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is one of the most frequently asked questions by people involved in truck accidents.
The amount you receive as a settlement will depend on various factors. This includes the extent of your injuries and the amount of your damages.
What to Expect from the Settlement
Many factors can impact the value of a settlement for the aftermath of a truck crash. Some of these include the severity of your injuries, the length of time it took to recover, and your loss of earnings. Your lawyer could take into account future medical costs should you need to continue treatment as a result of your accident. This is usually based on expert testimony from doctors or other health professionals. Your attorney will also consider the cost of replacing or repairing any property damaged by the accident.
In general 18 wheeler settlements are generally significantly higher than standard auto accident settlements. Truck accidents are more likely to cause serious injuries than car accidents. It is not uncommon for victims to be awarded hundreds of thousands or millions of dollars in total damages.
In addition to your economic losses, you’ll also be eligible for compensation for non-economic losses. These are not as quantifiable losses but are equally important to your overall recovery. For instance your non-economic losses could include your pain and suffering as well as loss of enjoyment of life, or disfigurement. Your lawyer will assess all your losses to ensure that you receive the amount you are entitled to. This may take time particularly when multiple parties are at fault for the accident. However, a knowledgeable New York truck accident attorney can assist you in settling your claim quickly and fairly.
What is the significance of Your Case?
The value of your 18-wheeler crash case is determined by a variety of factors. Damages and fault are the two most important. Fault is important, because it determines the amount of compensation you are entitled to.
In Texas the state of Texas, you’re entitled to compensation if the driver who caused the accident was at least 50% accountable for the accident. However, your attorney can provide evidence to show that the other party was more responsible than you were. This could significantly increase the amount of your settlement.
The other main aspect that determines your potential settlement is the severity of your losses and injuries. The injuries you suffer in an accident with an 18 Wheeler Accident-wheeler are typically more severe than those suffered in a normal car crash. This is because trucks weigh more than 80,000 pounds, and when multiplied by the speed of travel produces far more force than what a passenger vehicle can handle.
The most serious injuries sustained in an accident involving a massive truck could result in settlements of a million dollars or more. You may be able to recover damages not only for the medical expenses resulting from 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 of companionship. These non-economic damages can be difficult to quantify, but our attorneys can help you create and present the most convincing evidence possible of the true financial impact.
How long does it take to receive a settlement?
If you file a personal injury claim following an accident involving an 18 wheeler accident law firms-wheeler, it can take longer to settle than car accidents due to the seriousness of injuries that usually result from these crashes. Your lawyer will collaborate with medical experts to determine the full extent of your injuries, which include current and future medical expenses and lost wages. The settlement will also cover non-economic damages that can be difficult to calculate.
Your lawyer will create the release forms you need to sign when a settlement has been reached. After you have signed them, the insurance company processes your case and issues an agreement-based check. This process can take weeks or even a whole month depending on the circumstances.
A major factor in determining how long it takes to receive your settlement is the proportion of fault that is assigned to each person involved in the crash. If more than one party was responsible it is possible for the parties to negotiate who is accountable for your injuries. Your attorney will guide you through the negotiation process and help to reach a fair settlement. If the insurance company won’t negotiate with you, your attorney is prepared to file a suit to get a higher settlement.
What Lawyers Can Do to Help
There are more than 100,000 injury causing accidents with 18 wheeler accident law firms wheelers each year and the majority of them result in settlements and lawsuits that could be in the millions of dollars. Lawyers who specialize in these cases earn lots of money.
Trucking companies have teams of lawyers working all every day and night to reduce claims, which means that victims need to have a knowledgeable lawyer on their side. A lawyer can assist victims gather evidence and negotiate with insurance companies and even appear in court to secure the maximum settlement.
An experienced lawyer will know whether other parties are accountable for compensation, in addition to the trucking firm. This could include a car manufacturer when the accident was caused by defective or 18 wheeler Accident defective components. This could also include a distributor, retailer or manufacturer if the truck has been stolen or sold with no proper maintenance or inspections.
A good attorney will ensure that the claim is made in a timely manner, including past and future medical costs, lost incomes physical damage, emotional trauma and pain and suffering. It is essential to start a claim as fast as you can after the accident to ensure that evidence is fresh and available. Waiting gives the trucking firm and their attorneys more time to prepare for trial and convince juror that the victim was responsible.