What Are the Average 18 Wheeler Settlements?
One of the most common questions that those who have been involved in truck accidents have is "What are the typical 18 wheeler settlement?"
The amount you will receive as a settlement is contingent upon various factors. This includes the severity of your injuries as well as the extent of your injuries.
What to Expect from a Settlement
Many factors can impact the value of a settlement in an accident involving a truck. A few of these are the severity and duration of your injuries as and the loss of your wages. In addition, your lawyer may consider future medical expenses should you require ongoing medical treatment because of your accident. This is typically determined by the testimony of medical doctors or other experts. Additionally, your attorney will also take into consideration the cost of repairing or replace any property damaged in the crash.
In general the majority of cases, settlements for 18-wheeler crashes are much higher than those for normal auto accidents. Truck accidents are more likely to cause severe injuries than car accidents. It is not unusual for victims of truck accidents to incur damages in the hundreds of thousands or even millions of dollars.
You'll also be entitled to compensation for non-economic losses in addition to your economic losses. These are not quantifiable losses, but they are equally important to your recovery. For instance your non-economic losses may include your pain and suffering or loss of enjoyment in life, or even disfigurement. Your lawyer will be diligent to determine all of your losses and ensure you are properly compensated. This could take a while, especially if multiple parties are accountable for the crash. A New York truck accident lawyer can help you settle the case quickly and fairly.
The Importance of Your Case
The value of your 18-wheeler accident case is influenced by a variety of factors. Fault and damages are the two most important. The importance of fault is that 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 your collision. Your attorney can make use of evidence to show that you weren't equally responsible as the other party. This could significantly increase the amount of your settlement.
The extent of your injuries or losses can affect your potential payout. The injuries sustained in collisions with 18-wheelers can be much more severe than injuries suffered in a car accident. This is because trucks weigh more than 80,000 pounds, which multiplied by the speed of travel generates far more force than a standard passenger vehicle can endure.
The most serious injuries incurred in an accident that involves a large truck could lead to settlements of millions of dollars or more. In addition to the medical costs of treating your injuries, you may also recover damages to compensate for the negative impact the collision has affected your life quality. This includes pain and suffering and loss of enjoyment of life and loss of companionship as well as other aspects. It is often difficult to quantify these damages however our attorneys have years of experience in making and presenting the strongest evidence possible of the financial impact of your crash.
How long does it take to receive an amount of money?
It can take a longer time for a personal injury claim to be settled following an accident with an 18-wheeler as a result of the severity and frequency of injuries. Your lawyer will work with medical experts to determine the complete extent of your injuries, including future and ongoing medical expenses and loss of wages. Non-economic damages, which can be more difficult to calculate, will also be included in the settlement.
Your lawyer will draft the release forms you'll need to sign when the settlement has been reached. After you have completed them the insurance company will process your case and issue the amount you agreed to. The process could take from between a few weeks and up to a month for many reasons, such as clerical mistakes and delays in the mail system.
One of the most important factors in determining how long it takes to receive your settlement is the percentage of fault that is assigned to each of the parties involved in the crash. If more than one party was responsible, the parties may have to negotiate over who is responsible for your injuries. Your attorney 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 is prepared to file a suit to get a higher settlement.
What can a lawyer do to help
Over 100,000 accidents involving 18-wheelers lead to injuries each year. Many of these accidents lead to settlements or lawsuits worth millions of dollars. Lawyers who specialize in these cases earn lots of money.
Trucking companies have whole teams of lawyers working every day and night to reduce claims, which is why victims should have an experienced lawyer at their side. A lawyer can help them collect evidence and negotiate with insurance companies and even argue their case in court to ensure that they receive the highest settlement possible.
An experienced lawyer will know if any 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 parts. This could also include a distributor, retailer or manufacturer if the vehicle was stolen or sold with no proper maintenance or inspections.
18 wheeler accident lawsuit san bernardino will ensure that the damages are accurately claimed that includes future and past medical expenses, lost income, property damage, emotional trauma and pain and suffering. It is essential to make a claim as quickly as possible following the incident so that evidence is current and readily available. Waiting gives the trucking firm and their attorneys more time to prepare for trial and convince jury that the victim was responsible.