What Are the Average 18 Wheeler Settlements?

The average settlement for 18-wheelers is among of the most frequently asked concerns by those involved in truck accidents.

The amount you will receive as a settlement will depend on several factors. The severity of your injuries, and the extent of damages you've sustained are all aspects to consider.

What to Expect from the Settlement

There are a variety of factors that affect the value of a truck accident settlement. Some of these include the severity of your injuries, the amount of time required to recover, and your lost wages. In addition, your attorney could factor in future medical expenses when you need ongoing medical attention due to your accident. This is usually based on 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 by the crash.

In general the case of 18-wheeler accidents, settlements are significantly higher than those for regular auto accidents. Truck accidents are more likely to cause severe injuries than car accidents. It is not uncommon for victims to suffer hundreds of thousands or millions of dollars in total damages.

You'll also be entitled to compensation for non-economic losses in addition to your economic losses. These aren't as quantifiable, but they are equally important to your recovery. Non-economic losses could include suffering and pain or disfigurement, as well as loss of enjoyment of your life. Your lawyer will diligently to determine all of your losses and ensure that you are properly compensated. This can take time particularly when multiple parties are responsible for the incident. A New York truck accident lawyer can assist you in settling your claim quickly and fairly.

The Value of Your Case

A variety of factors can affect the value of your 18 wheeler accidents wheeler accident case. Two of them are fault and damages. It is crucial because it determines the amount you are eligible to receive in compensation.

In Texas, you are only entitled to compensation if the other driver was at least 50% at fault for the accident. However, your attorney may utilize evidence to prove the other party was more at fault than you were. This could substantially increase the amount of your settlement.

Another aspect that determines your potential payout is the extent of your injuries and losses. The injuries you suffer from an accident involving an 18-wheeler are typically more severe than the ones you suffer in a normal car crash. This is due to the fact that trucks weigh more than 80,000 pounds. This, when multiplied by the speed of travel creates far more force than a standard passenger vehicle is able to withstand.

So the most serious injuries that occur in an accident involving a large truck could result in significant or even multi-million dollar settlements. You could be awarded damages not just for medical expenses resulting from your injuries but also for the impact of the collision on your life quality. This includes pain and suffering as well as loss of enjoyment life, and loss of companionship, among other things. These non-economic damages are often difficult to quantify, however our lawyers can help you create and present the most convincing evidence possible of the financial impact.

The time it takes to Receive the Settlement

It can take longer for an injury claim to be settled following an accident involving an 18-wheeler because of the seriousness and the frequency of injuries. Your lawyer will collaborate with medical professionals to determine your full injuries, which include current and future medical costs as well as lost wages. Your settlement will also include economic damages that are difficult to calculate.

Your lawyer will draft the release forms that you have to sign once the settlement has been reached. After you have signed them, the insurance company reviews your case and issue a check for agreed amount. The process can take anywhere from up to a month or more for many reasons, such as clerical errors and delays in the mail system.

The percentage of fault that each party is responsible for in the accident will determine how long it will take to get your settlement. In the event that there more than one party at fault, it may be necessary to negotiate who is responsible for the injuries. Your lawyer will guide you through the negotiation process and assist you reach an equitable settlement. If the insurance company doesn't bargain with you, your attorney will make a claim to secure an increased settlement.

What can a lawyer do to help

There are more than 100,000 injury caused accidents involving 18 Wheeler Accident Attorney wheelers each year and many of them result in settlements and lawsuits which can reach into the millions of dollars. This makes it big business for lawyers who specialize in litigating these cases.

Trucking companies have whole teams of lawyers working all 24/7 to reduce the risk of claims, 18 Wheeler Accident Attorney therefore victims must have an experienced lawyer at their side. A lawyer can help them gather evidence, discuss with insurance companies and even argue their case in court to ensure that they receive the highest settlement amount possible.

A lawyer with experience will know if other parties are responsible for compensation, in addition to the trucking company. This could include a vehicle manufacturer in the event that the crash was caused by defective or faulty parts. It might also include a retailer or distributor if the truck was stolen or 18 wheeler accident attorney sold without proper inspections and maintenance.

A competent attorney will make sure all damages are claimed correctly including past and future medical expenses, lost income and property damage, as well as emotional trauma and other damages. It is important to start a claim as fast as possible following the incident so that evidence is current and readily available. The delay gives the trucking company and their legal team more time to prepare for an appeal and convince a juror that the victim was at fault.