How Long Does It Take to Settle an 18 Wheeler Lawsuit?

The time needed to settle a trucking accident situation can differ from case to case. There are many factors that affect the speed of settlement.

It could take some time to determine who is responsible for an accident. A lawyer can assist in identifying all liable parties and maximize the settlement.

What to Expect

The time frame for settling of a lawsuit against an 18-wheeler depends on a myriad of factors, including the amount of liability and damages. If the parties involved in the collision cannot reach an agreement about who is at fault, it could delay the proceedings. If there is a dispute about the evidence or testimony of witnesses, this can delay the case.

Based on the severity of the injuries, the size of the insurance policy of the trucking company and existing state or federal regulations governing commercial vehicles, settlement amounts can be wildly different. It's important to note that plaintiff attorneys are paid on a contingency basis, which means they don't get paid unless they win or reach a settlement in a case.

It's not a surprise that semi-truck accident cases are a lucrative business for lawyers. Settlements often amount to millions of dollars in these cases. This is especially true if the trucking company has been deemed negligent.

Liability

Every year there are over 100,000 accidents involving 18 wheeler accident lawyers wheelers across the United States. Many of these crashes result in serious injuries, or even death. The majority of insurance companies lower the cost of victims of these accidents by offering settlements that do not reflect the extent of their injuries and damages. However, an experienced attorney for 18 wheeler accidents; related internet page, can even the playing field and negotiate with these huge insurance companies to secure their clients maximum settlements.

In an 18-wheeler lawsuit, the defendants may be held accountable for non-economic and economic damages. Economic damages may include medical bills, wages lost and future earnings. Non-economic losses include pain and suffering as well as emotional distress, disfigurement, and a lower quality of life.

Plaintiff attorneys who litigate in 18 wheeler cases are paid on a contingency basis. This means that they don't receive compensation until their case is resolved and they settle with their client. In the meantime, they have to pay court costs, attend depositions, hire experts and other specialists, travel, and pay for any other expenses required to win the case.

Damages

18 wheeler accident lawsuits wheeler accidents can result in severe injuries, especially when they're high-speed accidents. The consequences of an accident involving an 18-wheeler could be more serious due to its weight and size. This means that the damages could be higher as well.

In addition to the physical and medical damages that can be caused by an 18-wheeler accident victims can also receive compensation for lost income and the grief caused by the loss of loved ones. If you've suffered losses in a semi truck accident, a personal injury lawyer will help you determine all of the compensation you are entitled to receive.

The cost of litigation can be high. Attorneys representing plaintiffs need to pay for depositions, travel expenses, expert witnesses and court costs. They require the funds of their clients as soon as possible. There are ways that plaintiffs can receive their money quicker after a settlement. These are referred to as post settlement advances or lawsuit loans. They are a great option for those injured and need to cover their expenses while they await their settlement.

Timeline

There are a variety of factors that affect the time it takes to settle a truck crash case. The severity of your injuries is a major factor. It is crucial to wait until you have reached maximum medical improvement before making a decision to settle. This is due to the fact that you may be able to claim future losses, such as lost wages or a diminished quality of life, and your attorney will need evidence to prove these claims.

A dispute between the parties about the liability of either party can delay the settlement process. This can occur when there are several insurance companies involved or when the parties disagree on who is responsible for the accident.

A reputable truck accident lawyer can help you determine if the insurance company is providing you with an acceptable amount for your case and whether or it will be able to cover all of your current and future losses. If the insurance company is unwilling to negotiate, it may be required to file a lawsuit which could prolong the duration of the case. In certain instances the case may take more than a full year to resolve.

Settlement

There are a variety of factors that can drastically alter the time frame required for an 18 wheeler lawsuit to settle. This includes the severity of injuries and the insurance considerations that are involved. It may also take a while for your doctor to provide documentation of permanent impairments that could impact your future losses. Don't settle a claim for an accident too early, as this could leave you with no money to cover all damage.

Plaintiff attorneys who handle 18 wheeler-related accidents work on contingency fee and don't get paid until they prevail or reach an agreement. This means that they've had to put aside their own money to cover court costs, travel and expert witness expenses all throughout this case.

As you can imagine, this can add up to quite a lot. Many 18 wheeler plaintiff attorneys utilize post settlement advances (also called lawsuit loans or settlement cash advances) to cover their legal costs out-of-pocket so that they can get the money they're owed sooner.