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The average settlement for 18-wheelers is one of the most frequently-asked concerns by those involved in truck accidents.
The amount that you receive as a settlement will depend on several aspects. This includes the degree of your injuries and the extent of your damages.
What to Expect From the Settlement
There are many factors that affect the value of a truck accident settlement. One of them is the severity of your injuries, the length of time it took to recover, and your loss of earnings. Your attorney may include future medical costs should you need to continue treatment because of your accident. This is usually based on the testimony of medical doctors or other experts. Additionally, your attorney will also take into consideration the cost of repairing or replace any property damaged during the crash.
In general the settlements for 18-wheeler collisions are higher than settlements for regular auto accidents. This is due to the fact that truck accidents typically cause more serious injuries than typical car crashes. It is not unusual for victims of truck accidents to receive damages of hundreds of thousands, or even millions of dollars.
You will also be entitled compensation for non-economic damages in addition to your economic losses. These are less quantifiable losses however, they are equally important to your recovery. For instance your non-economic losses could include your pain and suffering or loss of enjoyment in life, or even disfigurement. Your lawyer will work diligently to determine all of your losses and ensure you get the right amount of compensation. This may take a long time especially if several parties are responsible for the accident. 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 affected by several factors. Fault and damages are the two most significant. It is crucial to be able to identify fault, as it determines the amount of compensation you're entitled to.
In Texas in Texas, you are able to be awarded damages if the other party was at least 50% responsible for your collision. Your attorney can make use of evidence, however, to demonstrate that you were not equally responsible as the other party. This could substantially increase the amount of your settlement.
The severity of your injuries or losses can affect the amount you could receive. Injuries sustained in a collision with an 18 wheeler accident lawyers-wheeler are often more severe than the injuries sustained in a car crash. This is due to the fact that trucks weigh more than 80,000 pounds, which multiplied by the speed of travel generates far more force than a passenger vehicle is able to withstand.
So, the most serious injuries that occur in an accident involving a massive truck could lead to substantial or even multi-million dollar settlements. In addition to the medical expenses of treating your injuries, it is possible to also claim damages to compensate for the negative impact the collision has affected your quality of life. This includes suffering as well as the loss of enjoyment from life and companionship loss among other things. It is often difficult to quantify these non-economic damages however our attorneys have years of experience creating and presenting the most convincing possible evidence of the true financial impact of your accident.
How long does it take to receive a settlement?
If you submit a personal injury claim after an accident with an 18 wheeler accident law firm-wheeler, it could take longer to settle than car accidents due to the severity of injuries that typically occur in these accidents. Your lawyer will work with medical experts to determine the full extent of your injuries, including future and ongoing medical expenses as well as lost wages. Damages that are not economic, which can be more difficult to calculate, will also be included in your settlement.
Your lawyer will create the release forms you need to sign once the settlement has been reached. After you sign them, the insurance company reviews your case and issues an agreement-based check. This process can take a few weeks or even a month depending on the situation.
A major factor in determining how long it takes to get your settlement is the percentage of fault that is assigned to each of the parties involved in the crash. If more than one party was at fault, the parties may have to negotiate who is responsible for your injuries. Your lawyer will guide you through the negotiation process and help you reach an equitable settlement. If the insurance company is unwilling to negotiate with you, your lawyer will be ready to file a lawsuit in order to obtain a higher monetary settlement.
How a lawyer can help
There are over 100,000 injury accident-related accidents that occur with 18 wheeler accident attorney wheelers each year and many of them lead to settlements and lawsuits which can exceed millions of dollars. This is why it is a lucrative business for lawyers who specialize in settling these cases.
A trucking firm has a team of attorneys who work around all hours to limit claims. Victims need an experienced lawyer to represent them. A lawyer can help victims gather evidence and negotiate their case with insurance companies and even argue in court to obtain the maximum settlement.
An experienced lawyer will know whether other parties are accountable for compensation, in addition to the trucking company. It could be the manufacturer of the vehicle in the event that the crash was due to defective or defective components. This could also include a retailer, distributor or manufacturer if the vehicle was sold or stolen without proper inspections or maintenance.
A good lawyer will make sure all damages are properly claimed including past and future medical expenses and lost income and property damage, as well as pain and suffering, emotional trauma, and other losses. It is crucial to submit your claim as soon after the incident as you can so that all evidence remains fresh. Also, waiting gives the trucking company and their team of lawyers time to prepare for trial and convince a jury that the victim is responsible.
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