What Are the Average 18 Wheeler Settlements?

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

The amount you receive as settlement is contingent on a variety of factors. The severity of your injuries and the amount of damages you've sustained are all aspects to be considered.

What to Expect from a Settlement

Many factors can impact the value of a settlement from an accident involving a truck. Some of these include the severity of your injuries, the length of time it took to recover, and lost wages. Additionally, your attorney may factor in future medical expenses should you require ongoing medical treatment because of your accident. This is typically based on expert testimony from doctors or other health care experts. Your attorney will also take into account the costs of repairing or replacing any property damaged by the accident.

In general the settlements for 18-wheeler collisions are significantly higher than those for auto accidents of a normal nature. Truck accidents are more likely to cause serious injuries than car accidents. It is not unusual for victims of truck accidents to incur damages of hundreds of thousands, vimeo or even millions of dollars.

You will also be entitled compensation for non-economic damages in addition to your economic losses. These are less measurable losses but are equally important to your overall recovery. Non-economic losses may include pain and suffering disfigurement, loss of a body part, or the loss of enjoyment from your life. Your lawyer will estimate all your losses to ensure that you receive the amount you are entitled to. This may take time, especially when multiple parties are accountable for the accident. A New York truck accident lawyer can assist you in settling the claim quickly and in a fair manner.

The Value of Your Case

There are many factors that affect the value of your 18-wheeler accident case. Two of the most important are fault and damages. It is crucial to be able to identify fault, as it determines the amount of compensation you are entitled to.

In Texas the state of Texas, you're entitled to compensation if the driver who caused the accident was at least 50% accountable for your accident. Your lawyer can use evidence to prove that you weren't as culpable as the other party. This could greatly increase the amount of your settlement.

The severity of your injuries or losses will also influence your potential payout. Injuries that result from an accident with an 18-wheeler can be much more severe than the injuries sustained in a car accident. Trucks can weigh upwards of 80,000 pounds and the force they generate is much greater than that of a car that is a passenger can withstand.

Thus the most serious injuries sustained in an accident involving a large truck can result in substantial or even multi-million dollar settlements. In addition to the medical costs of treating your injuries, you could also claim damages for the effect the accident has affected your quality of life. This includes discomfort and pain and loss of enjoyment in life, and loss companionship. These damages are usually difficult to quantify, however our attorneys can help you prepare and present the best evidence possible of the financial impact.

How long does it take to receive a settlement?

When you submit a personal injury claim following an accident with an waverly 18 wheeler accident lawyer-wheeler, it can take longer to settle than car accidents due to the severity of injuries that often accompany such crashes. Your lawyer will work closely with medical professionals to determine the full extent of your injuries, including your current and future medical expenses and lost wages. Your settlement will also contain non-economic damages, which can be difficult to quantify.

After a settlement has been made the lawyer will prepare release forms for you to sign. Once you sign them, the insurance company processes the case and sends you the check in the amount you agreed to. The process could take several weeks or even a month depending on the situation.

The percentage of fault that each party is accountable for in the accident will determine the time it will take to get your settlement. In the event that more than one person was at fault, the parties may have to discuss the responsibility for your injuries. Your experienced attorney will be able to guide you through these negotiations and help you find a fair settlement. If the insurance company refuses to negotiate with you, your lawyer will be prepared to file a lawsuit to secure a greater monetary settlement.

What Lawyers Can Do to Help

There are over 100,000 injury causing accidents with 18 wheelers each year and most of them result in settlements and lawsuits that can reach into the millions of dollars. This is why it is a lucrative business for lawyers who specialize in litigating these cases.

A trucking company has a team comprised of lawyers who work around all hours to reduce claims. Victims require a skilled lawyer on their side. A lawyer can assist victims collect evidence and negotiate with insurance companies and even argue in court to obtain the maximum settlement.

An experienced attorney will also know if they need to sue other liable parties for compensation, in addition the trucking company. This could include a car manufacturer if the crash was caused by defective or faulty parts. It could also involve the retailer or distributor in the event that the truck was sold or stolen without proper inspections and maintenance.

A good attorney will ensure that the damages are accurately claimed in relation to past and future medical expenses, lost income damages to property, emotional trauma and suffering and pain. It is important to make your claim as quickly after the incident as you can to ensure that all evidence is fresh. Waiting gives the trucking firm and their legal team more time to prepare for the trial and convince a juror that the victim was responsible.