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 will receive in settlement will depend on a variety of factors. The degree of your injuries and the extent of damages you have suffered are all factors to consider.
What to Expect from a Settlement
There are a myriad of factors that can impact the value of a truck crash settlement. One of them is the severity of your injuries, the length of time required to recover, and your loss of earnings. Your lawyer may take into account future medical expenses in the event that you need to continue treatment following your accident. This is typically based on expert testimony from doctors or other health professionals. Additionally, your attorney will also consider the cost of repairing or replace any property damaged during the crash.
In general the majority of cases, settlements for 18-wheeler crashes are higher than settlements for auto accidents of a normal nature. 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 even millions of dollars in total damages.
You will also be entitled compensation for non-economic losses in addition to your economic losses. These are losses that aren't quantifiable but are equally important to your overall recovery. For example, your non-economic losses might include your suffering and pain as well as loss of enjoyment of life, or disfigurement. Your lawyer will strive to determine all of your losses and ensure you receive the proper compensation. This can take some time particularly if several parties are accountable for the accident. However, a skilled New York truck accident attorney can help you settle your claim quickly and in a fair manner.
The Case Worth Its Weight
The value of your 18-wheeler accident case is affected by several factors. Fault and damages are the two most significant. Fault is important, because it determines the amount of compensation you are entitled to.
In Texas, you can only be awarded damages if the other party was at least 50% responsible for the collision. Your lawyer can use evidence, however, to prove that you were not as culpable as the other party. This could significantly increase the amount of your settlement.
Another major aspect that determines your potential payout is the extent of your injuries and losses. The injuries you experience in the event of a collision with an 18-wheeler can be more severe than the ones you suffer in a 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 standard passenger vehicle can withstand.
The most serious injuries incurred in an accident involving a large truck could lead to settlements of several million dollars or more. In addition to the medical costs of treating your injuries, you could also seek compensation for the effect the accident has affected your quality of life. This includes pain and suffering, loss of enjoyment of life and loss of companionship, among other things. These damages are usually difficult to quantify, but our lawyers can assist you to create and present the best evidence of the financial impact.
How long does it take to receive a settlement?
It can take longer for an injury claim to be settled following an accident with an 18-wheeler as a result of the seriousness and regularity of injuries. Your lawyer will collaborate with medical experts to determine your full injuries, including your current and future medical costs as well as lost wages. Non-economic damages, which could be harder to calculate are also included in your settlement.
Your lawyer will create the release forms you need to sign after the settlement has been reached. When you sign them the insurance company processes your case and issues an agreement-based check. The process could take several weeks or even a month, depending on the circumstances.
The percentage of fault each party has in the incident will determine the time it will take to receive your settlement. If more than one party was at fault, the parties may have to negotiate who is accountable for your injuries. 18 wheeler accident lawsuit reno will guide you through the negotiation process and assist you negotiate a fair settlement. If the insurance company refuses to negotiate with you, your attorney will be ready to file a lawsuit in order to secure a greater monetary settlement.
How a Lawyer can Help
More than 100,000 accidents involving 18-wheelers lead to injuries every year. Many of these accidents result in settlements or lawsuits worth millions of dollars. Lawyers who specialize in these cases make a lot of income.
Trucking companies have teams of lawyers working every day and night to reduce the risk of claims, therefore victims must have an experienced lawyer at their side. A lawyer can help victims gather evidence and negotiate their case with insurance companies, and even argue in court to secure the maximum settlement.
A seasoned attorney will be aware of whether they should seek out other responsible parties for compensation in addition to the trucking company. This could include a car manufacturer when the accident was caused by defective or faulty parts. This could also include a retailer, distributor or manufacturer if the vehicle was sold or stolen without proper maintenance or inspections.
A reputable attorney will ensure that the damages are accurately claimed in relation to past and future medical costs, lost incomes physical damage, emotional trauma, and pain and suffering. It is important to submit a claim as soon as you can following the accident so that evidence is fresh and available. Waiting gives the trucking firm and their attorneys more time to prepare for trial and convince jury that the victim was responsible.