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 receive in settlement will depend on a variety of factors. This includes the extent of your injuries and the severity of your injuries.
What to Expect from the Settlement
Many factors can affect the value of a settlement for an accident involving a truck. One of them is the severity and duration of your injuries, as in addition to the lost wages. Additionally, your attorney may take into account future medical costs when you need regular treatment following your accident. This is typically based upon expert testimony from doctors or other health care experts. Your attorney will also take into account the cost of repairing or replacing any property damaged by the accident.
In general, 18 wheeler settlements are much larger than standard auto settlements for accidents. Truck accidents are more likely cause severe injuries than car accidents. It is not uncommon that victims receive hundreds of thousands or millions of dollars in total damages.
You'll also be entitled to damages for non-economic damage in addition to your economic losses. These are less quantifiable losses however, they are equally crucial to your recovery. For instance, your non-economic losses might include your pain and suffering, loss of enjoyment of life, or even disfigurement. Your lawyer will be diligent to calculate all your losses and make sure you receive the proper compensation. This could take a while, especially if multiple parties are involved in the crash. A New York truck accident lawyer can help you settle the case quickly and fairly.
The Benefits of Your Case
The value of your 18-wheeler accident case is affected by several factors. Two of them are the fault and damages. The issue of fault is that it determines the amount you are eligible to receive in compensation.
In Texas in Texas, you're entitled to compensation if the other driver was at least 50% responsible for your accident. However, your attorney can utilize evidence to prove the other party was much more at fault than you were. This could increase the amount you receive from your settlement significantly.
The other major aspect that affects your potential amount of compensation is the severity of your injuries and losses. The injuries you suffer from a crash with an 18-wheeler tend to be more severe than those sustained in a typical car accident. Trucks can weigh upwards of 80,000 pounds and the force they generate is far more than what a car that is a passenger can withstand.
Thus, the most serious injuries resulting from an accident involving a large truck could result in significant or even multi-million dollar settlements. In addition to the medical expenses of treating your injuries, you may also recover damages for the effect the accident has affected your quality of life. This includes suffering as well as the loss of enjoyment from life and loss of companionship among other things. These non-economic damages are typically difficult to quantify, but our lawyers can help create and present the most convincing evidence of the financial impact.
How long does it take to receive an amount of money?
It can take longer for a personal injury claim to be settled following an accident with an 18-wheeler as a result of the extent and the frequency of injuries. Your lawyer will collaborate with medical experts to determine the full extent of your damages, including both current and future medical expenses and lost wages. 18 wheeler accident case warren -economic damages, which could be difficult to calculate are also included in your settlement.
After a settlement has been made, your lawyer will prepare release forms for you to sign. Once you sign them, the insurance company will process the case and sends you an agreement-based check. This process can take weeks or even a month, depending on the circumstances.
One of the most important factors in determining how long it takes to get your settlement is the proportion of blame assigned to each party involved in the crash. In the event that more than one party was responsible and the parties could have to negotiate who is responsible for your injuries. An experienced attorney will be able to assist you in these negotiations and help reach an equitable settlement. If the insurance company doesn't negotiate with you, then your attorney will make a claim to secure a higher settlement.
How can a lawyer help?
There are more than 100,000 injury resultant accidents caused by 18 wheelers every year, and many of them result in settlements and lawsuits that can exceed millions of dollars. Lawyers who specialize in these cases make lots of money.
Trucking companies have whole teams of lawyers working all night and day to minimize claims, so victims must have an experienced lawyer on their side. A lawyer can help collect evidence and negotiate with insurance companies and even argue their case in court to ensure they receive the highest settlement possible.
A lawyer with experience will know if any other parties are responsible for compensation in addition to the trucking company. It could be the manufacturer of the vehicle and the driver if the crash occurred caused by defective or defective components. This could also include a distributor, retailer or manufacturer if the vehicle has been stolen or sold with no proper maintenance or inspections.
A good lawyer will ensure that the claim is made in a timely manner that includes future and past medical expenses, lost income damages to property, emotional trauma, and pain and suffering. It is essential to file your claim as soon after the accident as possible so that all evidence remains fresh. Waiting gives the trucking firm and their legal team more time to prepare for the trial and convince a jury that the victim was at fault.