What Are the Average 18 Wheeler Settlements?
One of the most frequently asked questions that people who have been involved in truck accidents is "What are the typical settlements for 18 wheelers?"
The amount that you receive as a settlement will depend on several aspects. This includes the extent of your injuries and the severity of your injuries.
What to Expect from a Settlement
There are many variables that affect the value of a truck accident settlement. 18 wheeler accident lawyer pawtucket of them are the severity of your injuries, the amount of time it took to heal, and your lost wages. Furthermore, your attorney might consider future medical expenses when you need regular treatment following your accident. This is typically based on the testimony of doctors or other health professionals. Your attorney will also consider the cost of replacing or repairing any property damaged by the accident.
In general the majority of cases, settlements for 18-wheeler crashes are much higher than those for auto accidents of a normal nature. This is due to the fact that truck accidents often result in more severe injuries than regular car accidents. It is also not uncommon for victims to suffer hundreds of thousands or 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 less quantifiable losses, but they are equally important to your recovery. For instance your non-economic losses may include your suffering and pain, loss of enjoyment of life, or disfigurement. Your lawyer will assess all your losses to ensure you get the compensation you are due. This may take some time particularly when multiple parties are accountable for the incident. A New York truck accident lawyer can assist you in settling your claim quickly and fairly.
What is the value of Your Case?
The value of your 18-wheeler accident case is determined by a variety of factors. Damages and fault are the two most important. The issue of fault is that it determines the amount you can receive in compensation.
In Texas the state of Texas, you're entitled to compensation if the other driver was at minimum 50% responsible for your accident. Your lawyer can use evidence, however, to show that you weren't as at fault as the other party. This could increase the amount of your settlement substantially.
The severity of your injuries or losses will also influence your potential payout. The injuries you experience in an accident with an 18-wheeler are often far more severe than those suffered in a car crash. Trucks can weigh up to 85,000 pounds, and the force they generate is much greater than that of an average car can manage.
Thus, the most serious injuries in an accident involving a massive truck can result in substantial 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 crash on your life quality. This includes suffering as well as loss of enjoyment life, and loss of companionship as well as other aspects. These non-economic damages can be difficult to quantify, but our lawyers can assist you to create and present the best evidence possible of the true financial impact.
The Time It Takes to Receive an Settlement
If you make a claim for personal injury following an accident involving an 18-wheeler, it can take longer to settle than car accidents due to the seriousness of injuries that usually occur in these accidents. Your lawyer will collaborate with medical professionals to determine the extent of your injuries, which include current and future medical costs and lost wages. Your settlement will also include non-economic damages, which can be difficult to calculate.
If a settlement has been reached the lawyer will prepare release forms for you to sign. After you have signed them, the insurance company will review your case and issue an amount that you have agreed to. This process can take a few weeks or even a month, depending on the circumstances.
A key factor in determining how long it takes to receive your settlement is the proportion of fault attributed to each of the parties involved in the crash. If more than one party was responsible there is a possibility that the parties will have to discuss who is responsible for your injuries. An experienced attorney will be able to assist you in these negotiations and help you reach a fair settlement. If the insurance company is unwilling to negotiate with you, your attorney will be prepared to file a lawsuit to obtain a higher monetary settlement.
How a Lawyer can Help
There are over 100,000 injuries accident-related accidents that occur with 18 wheelers each year and the majority of them result in lawsuits and settlements that can reach into the millions of dollars. Lawyers who specialize in these cases make a lot of dollars.
Trucking companies have teams of lawyers working night and day to minimize claims, which means that victims need to have an experienced lawyer by their side. A lawyer can help victims gather evidence, negotiate their case with insurance companies and even present their case in court to get the most money for their claim.
A lawyer with experience can determine if other individuals are liable for compensation in addition to the trucking company. This could include a vehicle manufacturer if the crash was caused by defective or defective parts. This could also include a retailer, distributor or manufacturer if the truck was stolen or sold without proper inspections or maintenance.
A competent attorney will make sure all damages are claimed correctly including past and future medical expenses loss of income property damage, pain and suffering, emotional trauma, and other expenses. It is essential to submit a claim as soon as you can following the accident so that evidence is current and available. Additionally, waiting allows the trucking company and their team of lawyers time to prepare for trial and convince jurors that the victim is at fault.