What Are the Average 18 Wheeler Settlements?
One of the most commonly asked questions that those who have been involved in truck accidents is «What is the typical 18 wheeler settlement?»
The amount you will receive as a settlement depends on various factors. The severity of your injuries, and the extent of the damages you’ve suffered are just a few factors to consider.
What You Can Expect From A Settlement
There are many variables that can impact the value of a truck accident settlement. One of them is the severity of your injuries, the length of time it took to heal, and your loss of earnings. Your attorney may take into account future medical costs should you are required to continue treatment because of your accident. This is typically based on the testimony of medical doctors or other experts. Your attorney will also consider the cost of repairing or replacing any property damaged in the accident.
In general the settlements for 18 wheeler accident lawsuits-wheeler collisions are significantly higher than those for regular auto accidents. This is due to the fact that truck accidents tend to result in more severe injuries than regular car accidents. It is not unusual for victims of truck accidents to incur damages of hundreds of thousands, or even millions, of dollars.
You may also be entitled to compensation for damages that are not economic in addition to your economic losses. These are losses that aren’t quantifiable but are equally important to your overall recovery. For instance, your non-economic losses might include your pain and suffering, loss of enjoyment of life, or disfigurement. Your lawyer will determine all your losses to ensure you receive the compensation you deserve. It can take some time especially if multiple parties share responsibility 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 significance of Your Case?
The value of your 18-wheeler accident case is determined by many factors. Two of them are fault and damages. It is crucial to be able to identify fault, accident as it determines the amount of compensation you’re entitled to.
In Texas, you are only entitled to compensation if the driver who caused the accident was at minimum 50% responsible for the collision. However, your attorney can use evidence to prove that the other party was more at fault than you were. This could increase your settlement amount significantly.
The extent of your losses or injuries can affect the amount you could receive. The injuries you suffer from the event of a collision with an 18 wheeler accident law firm-wheeler tend to be more severe than those sustained in a normal car crash. Trucks can weigh as much as 85,000 pounds, and the force that they generate is much greater than that of the average car driver can handle.
Therefore, the most serious injuries sustained in an accident involving a huge truck can result in substantial or even multi-million-dollar settlements. You can recover damages not just for medical expenses associated with your injuries but also for the impact of the collision on your life quality. This can include pain and discomfort, loss of enjoyment in life, and loss companionship. It can be difficult to quantify the non-economic losses However, our lawyers have extensive experience in providing the best possible evidence of the financial impact of your accident.
The time it takes to Receive the Settlement
It can take longer for a personal injury claim be settled after an accident involving an 18-wheeler because of the seriousness and frequent nature of injuries. Your attorney will work with medical experts to determine the total extent of your injuries, which includes both current and future medical expenses as well as loss of wages. Non-economic damages, which may be difficult to calculate are also included in your settlement.
If a settlement has been reached the lawyer will prepare release forms for you to sign. When you sign them the insurance company will process your case and issue a check for agreed amount. The process could take several weeks or even a month, depending on the circumstances.
The percentage of fault that each party has in the accident will determine how long it will take to get your settlement. If more than one party is at fault and the parties could have to discuss who is responsible for your injuries. Your experienced attorney will be able to guide you through these negotiations and help you negotiate a fair settlement. If the insurance company refuses to negotiate with you, your attorney will be ready to file a lawsuit to secure a greater monetary settlement.
How a lawyer can help
More than 100,000 accidents involving 18-wheelers lead to injuries each year. Many of these accidents lead to lawsuits or settlements worth millions of dollars. Lawyers who specialize in these cases make lots of money.
A trucking company has a team comprised of attorneys who work round all hours to reduce claims. Victims require an experienced lawyer to represent them. A lawyer can help collect evidence and discuss with insurance companies and even argue their case in court to ensure they get the most settlement possible.
An experienced attorney will know when they must sue other liable parties for compensation, in addition the trucking company. This could include a car manufacturer when the accident was caused by defective or faulty components. It could also be a retailer or distributor if the truck was sold or stolen without proper inspections and maintenance.
An experienced attorney will ensure that all damages are properly claimed including future and past medical expenses, lost income, property damage, emotional trauma and other expenses. It is important to submit your claim as soon after the accident as possible so that all evidence remains fresh. Additionally, waiting allows the trucking company and their legal team time to prepare for trial and convince jurors that the victim was at fault.