What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is one of the most frequently asked queries by those involved in truck accidents.
The amount you get in settlement is contingent on a variety of factors. The severity of your injuries, and the extent of the damages you've suffered are all factors to consider.
What You Can Expect From A Settlement
Many factors can impact the amount of a settlement for a truck accident. One of them is the severity of your injuries, the amount of time it took to heal, as well as your loss of earnings. Additionally, your attorney may include future medical expenses when you need ongoing medical treatment because of your accident. This is typically based upon the testimony of doctors or other health professionals. Additionally, your lawyer will also take into consideration the cost to repair or replace any property that was damaged in the crash.
Generally speaking the settlements of 18 wheelers are more substantial than typical auto settlements for accidents. Truck accidents are more likely to cause serious injuries than car accidents. 18 wheeler accident law firm plano is also not unusual for victims to be awarded hundreds of thousands or even millions of dollars in damages total.
You will also be entitled compensation for non-economic damages 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 may include your suffering and pain as well as loss of enjoyment of life, or disfigurement. Your lawyer will diligently to estimate all of your losses and make sure you get the right amount of compensation. This may take some time, especially when multiple parties are responsible for the accident. A New York truck accident lawyer can assist you in settling the case quickly and fairly.
The Benefits of Your Case
There are many factors that affect the worth of your 18-wheeler accident case. Damages and fault are the two most significant. The issue of fault is significant, since it determines the amount of compensation you're entitled to.
In Texas in Texas, you're entitled to compensation if the driver who caused the accident was at least 50% accountable for the collision. Your attorney can use evidence to demonstrate that you were not equally responsible as the other party. This could increase the amount of your settlement substantially.
The severity of your injuries or losses will also impact your payout. The injuries sustained in collisions with 18-wheelers can be far more severe than those sustained in a car accident. Trucks can weigh up 80,000 pounds and the force that they generate is far greater than what an average car can manage.
The most serious injuries incurred in an accident involving a massive truck could lead to settlements of a million dollars or more. You could be awarded damages 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 pain and discomfort, loss of enjoyment in life, and loss of companionship. These damages are usually difficult to quantify, but our attorneys can help you create and present the most convincing evidence possible of the financial impact.
The Time It Takes to Receive a Settlement
It can take longer for an injury claim to be settled after an accident with an 18-wheeler as a result of the degree and the frequency of injuries. Your lawyer will work closely with medical experts to determine your total injuries, which include current and future medical costs as well as lost wages. The settlement will also cover non-economic damages, which can be difficult to quantify.
Your lawyer will prepare the forms for release that you need to sign after a settlement has been made. When you sign them the insurance company will process your case and issue a check for agreed amount. This process can take a few weeks or even a whole month depending on the situation.
The amount of blame each party is responsible for in the incident will determine how long it will take to get your settlement. If more than one party was at fault it is possible for the parties to negotiate over the responsibility for your injuries. Your lawyer can guide you through the process and help you reach an acceptable settlement. If the insurance company refuses to negotiate with you, your attorney will be ready to file a lawsuit in order to get a better settlement.
How a Lawyer can Help
More than 100,000 accidents involving 18-wheelers result in injuries every year. Many of these accidents lead to lawsuits or settlements worth millions of dollars. This is why it is a lucrative business for lawyers who specialize in settling these cases.
A trucking company has a team comprised of lawyers who work round all hours to reduce claims. Victims need an experienced lawyer to represent them. A lawyer can help gather evidence, negotiate with insurance companies, and even argue their case in court to ensure that they get the maximum settlement amount possible.
A lawyer with experience will know if other individuals are liable for compensation in addition to the trucking firm. It could be the manufacturer of the vehicle in the event that the crash was due to defective or damaged components. It could also involve a distributor or retailer if the truck was stolen or sold with no proper inspections and maintenance.
A competent attorney will make sure all damages are claimed correctly including future and past medical expenses loss of income property damage, pain and suffering, emotional trauma and other losses. It is crucial to start a claim as fast as you can after the accident so that evidence is current and readily available. Also, waiting gives the trucking company and their team of lawyers time to prepare for trial and convince a jury that the victim was at fault.