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 will receive as a settlement is contingent on many factors. This includes the severity of your injuries and the extent of your injuries.
What to Expect from a Settlement
There are many factors that can impact the value of a truck accident settlement. These include the severity of your injuries, the amount of time required to recover, and your loss of earnings. Your lawyer could take into account future medical costs if you have to continue your treatment following your accident. This is often based on the testimony of doctors or other health professionals. Your attorney will also take into account the cost of repairing or replacing any property damaged by the accident.
Generally speaking, 18 wheeler settlements are considerably higher than standard auto accident settlements. This is because truck accidents often result in more severe injuries than standard car crashes. It is also not unusual for victims to receive hundreds of thousands or even millions of dollars in total damages.
In addition to your economic losses, you'll also be entitled to compensation for non-economic damages. These are losses that aren't quantifiable but are equally important to your overall recovery. For example your non-economic losses could include your pain and suffering or loss of enjoyment in life, or disfigurement. Your lawyer will estimate all your losses to ensure you receive the amount you are entitled to. This may take time especially if multiple parties are responsible for the incident. A New York truck accident lawyer can help you settle the claim quickly and in a fair manner.
What is the value of Your Case?
The value of your 18-wheeler crash case is influenced by a variety of factors. Fault and damages are the two most important. It is crucial because it determines the amount you are eligible to receive in compensation.
In Texas the law states that you can only be awarded damages if the other party was at least 50% responsible for your collision. However, your attorney can use evidence to prove that the other party was more responsible than you were. This could significantly increase the amount of your settlement.
Another factor that influences your potential payout is the extent of your losses and injuries. The injuries you suffer from a crash with an 18-wheeler are typically greater than those you sustain in a typical car crash. This is because trucks weigh more than 80,000 pounds, and when multiplied by the speed of travel produces much more force than what a passenger vehicle is able to withstand.
Thus, the most serious injuries resulting from an accident involving a massive truck could result in significant or even multi-million dollar settlements. The damages you can claim are not only for the medical expenses resulting from your injuries, but also the impact of the collision on your quality-of-life. This can include pain and discomfort as well as loss of enjoyment from life, and
18 wheeler accident loss companionship. It is often difficult to quantify these damages that are not economic however our attorneys have extensive experience in preparing and presenting the best evidence possible of the financial impact of your accident.
How long does it take to receive a settlement?
It could take longer for an injury claim to be settled following an accident with an
18 wheeler accidents wheeler accident (
simply click for source)-wheeler as a result of the extent and regularity of injuries. Your attorney will work with medical experts to determine the full extent of your injuries, which includes both future and current medical expenses and loss of wages. Your settlement will also contain economic damages that are difficult to quantify.
When a settlement is reached, your lawyer will prepare release forms for you to sign. Once you've signed them the insurance company will process your case and issue the amount that you have agreed to. The process can take anywhere from a few weeks to up to a month for various reasons, including clerical error and delays in the mail system.
The most significant factor in determining the time it takes to receive your settlement is the percentage of fault that is assigned to each person involved in the crash. In cases where there more than one party responsible, it could be necessary to negotiate who is responsible for the injuries. Your lawyer will guide you through the negotiation process and assist to reach a fair settlement. If the insurance company won't agree to negotiate with you, your attorney will file a suit to get a larger settlement.
How a Lawyer can Help
There are more than 100,000 injury causing accidents with 18 wheelers every year, and the majority of them result in settlements and lawsuits that could reach into the millions of dollars. This is a big business for lawyers who specialize in settling these cases.
A trucking company has a team of lawyers who work around the clock to minimize claims. Victims require an experienced lawyer to represent them. A lawyer can assist victims collect evidence to support their case, negotiate with insurance companies and even appear in court to obtain the maximum settlement.
A lawyer with experience will know if any other individuals are liable for compensation, in addition to the trucking company. It could be the car manufacturer in the event that the crash was caused by defective or defective components. It might also include distributors or retailers if the truck was stolen or sold with no proper inspections and maintenance.
An experienced attorney will ensure that all damages are claimed accurately that includes future and past medical costs, lost incomes and property damage, as well as emotional trauma and suffering and pain. It is crucial to start a claim as fast as possible following the incident so that evidence is current and readily available. It gives the trucking company and their legal team more time to prepare for a trial and convince a jury that the victim was at fault.