What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is one of the most frequently-asked questions by people involved in truck accidents.
The amount you will receive in settlement is contingent on a variety of factors. The severity of your injuries, and the extent of the damages you've sustained are all aspects to consider.
What to Expect from a Settlement
There are a variety of factors that affect the value of a truck accident settlement. Some of these include the severity and length of your injuries, as well as your lost wages. Your attorney may include future medical expenses in the event that you require ongoing treatment because of your accident. This is typically based on the evidence of doctors or other medical experts. Your attorney will also take into account the costs of repairing or replacing any property damaged in the accident.
Generally speaking the settlements for 18 wheelers are more substantial than typical auto settlements for accidents. This is because truck accidents typically result in more severe injuries than standard car crashes. It is not uncommon for the victims of truck accidents to be awarded damages in the hundreds of thousands or even millions, of dollars.
In addition to the economic losses, you will also be entitled to compensation for your non-economic losses. These are losses that aren't quantifiable but are equally important to your overall recovery. Non-economic losses can include pain and suffering, disfigurement, or loss of enjoyment in your life. Your lawyer will estimate all your losses to make sure you receive the compensation you deserve. 18 wheeler accident law firm kenosha may take a long time especially if multiple parties are involved in the accident. A New York truck accident lawyer can help you settle your claim quickly and fairly.
What is the significance of Your Case?
The value of your 18-wheeler crash case is affected by several factors. Damages and fault are the two most significant. It is crucial because it determines how much you are eligible to receive in compensation.
In Texas, you are only entitled to compensation if the other driver was at minimum 50% responsible for the collision. Your attorney may use evidence to show that you weren't as at fault as the other party. This could increase your settlement amount substantially.
The extent of your injuries or losses will also influence the amount you could receive. Injuries sustained during an 18-wheeler crash can be much more severe than those sustained in a car crash. This is because trucks weigh more than 80,000 pounds. This, when multiplied by the speed of travel produces much more force than a passenger vehicle is able to withstand.
The most serious injuries sustained in an accident involving a huge truck could result in settlements of several million dollars or more. You could be awarded damages not only for the medical expenses associated with your injuries, but also the impact of the collision on your quality of life. This includes pain and discomfort and loss of enjoyment life, and loss companionship. It is often difficult to quantify the non-economic losses, but our attorneys have vast experience in preparing and presenting the best evidence possible of the financial impact of your accident.
The time it takes to Receive a Settlement
If you make a claim for personal injury following an accident involving an 18-wheeler vehicle, it can take longer to settle than car accidents due to the seriousness of injuries that usually accompany such crashes. Your lawyer will work with medical experts to determine the full extent of your injuries, including both future and current medical expenses as well as loss of wages. Your settlement will also contain non-economic damages, which can be difficult to calculate.
Your lawyer will draft the release forms that you have to sign once an agreement has been reached. After you sign them, the insurance company will process your case and issues an amount agreed upon. This process can take weeks or even a whole month depending on the circumstances.
The percentage of fault that each party has in the incident will determine how long it will take to receive your settlement. If more than one party was at fault it is possible for the parties to discuss who is accountable for your injuries. Your attorney will guide you through the negotiation process and help to reach a fair settlement. If the insurance company refuses to negotiate with you, your attorney will be ready to file a lawsuit to get a better settlement.
How can a lawyer help?
There are more than 100,000 injuries causing accidents with 18 wheelers every year, and many of them result in settlements and lawsuits that could be in the millions of dollars. Lawyers who specialize in these cases earn an enormous amount of income.
Trucking companies have whole teams of lawyers working 24/7 to reduce claims, which means that victims need to have a knowledgeable lawyer on their side. A lawyer can assist victims to gather evidence to support their case, negotiate with insurance companies and even present their case in court to secure the most money for their claim.
A lawyer with experience will know if any other individuals are liable for compensation in addition to the trucking company. This could include a car manufacturer when the accident was caused by defective or defective components. This could also include a distributor, retailer or manufacturer if the vehicle was sold or stolen with no proper inspections or maintenance.
A good lawyer will ensure that all damages are properly claimed in relation to past and future medical expenses, lost income, property damage, emotional trauma and suffering and pain. It is crucial to file your claim as soon after the accident as possible to ensure that all evidence is fresh. In the meantime, the trucking firm and their attorneys more time to prepare for the trial and convince a juror that the victim was responsible.