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The average settlement for 18-wheelers is among of the most frequently asked questions by those involved in truck accidents.
The amount you get in settlement depends on a number of factors. The severity of your injuries and the extent of the damages you've suffered are all things to take into consideration.
What to Expect from a Settlement
There are many factors that can affect the value of a settlement from the aftermath of a truck crash. These include the severity of your injuries, the amount of time required to recover, and lost wages. Your lawyer may take into account future medical expenses in the event that you have to continue your treatment following your accident. This is usually based on medical experts' testimony or other health professionals. Your lawyer will also take into account the cost of repairing or replacing any property damaged in the accident.
In general, settlements for 18-wheeler accidents are much higher than those for regular auto accidents. Truck accidents are more likely cause serious injuries than car accidents. It is not uncommon for victims of truck accidents to incur damages that range from hundreds of thousands or even millions, of dollars.
You also have the right to compensation for damages that are not economic in addition to your economic losses. These are not as quantifiable however, they are just as important to your recovery. For instance the non-economic costs could include your suffering and pain or loss of enjoyment in life, or disfigurement. Your lawyer will estimate all your losses to ensure you get the compensation you deserve. This can take a long time particularly when multiple parties are responsible for the incident. A New York truck accident lawyer can assist you in settling the claim quickly and fairly.
The Case Worth Its Weight
A variety of factors can affect the value of your 18 wheeler accident Lawsuit-wheeler accident case. Fault and damages are the two most important. 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're entitled to compensation if the other driver was at minimum 50% responsible for the accident. However, your attorney may use evidence to prove that the other party was much more responsible than you were. This could increase the settlement amount substantially.
The extent of your injuries or losses can affect the amount you can expect to receive. The injuries you sustain in an accident with an 18 wheeler accident lawyer-wheeler are typically more severe than the ones you suffer in a normal car crash. Trucks can weigh upwards of an 80,000-pound weight and the force they exert is far more than what a car that is a passenger can withstand.
The most serious injuries suffered in an accident involving a huge truck may result in settlements that amount to millions of dollars or more. You may be able to recover damages not just for medical costs associated with your injuries, but also the impact of the collision on your quality of life. This includes suffering and pain and loss of enjoyment of life as well as loss of companionship, among other things. These non-economic damages are often difficult to quantify, however our attorneys can help you create and present the most convincing evidence possible of the true financial impact.
The Time It Takes to Receive the Settlement
It can take a longer time for a personal injury claim be settled after an accident with an 18-wheeler as a result of the extent and regularity of injuries. Your lawyer will work closely with medical professionals to determine the extent of your injuries, which include current and future medical costs and lost wages. Non-economic damages, which may be difficult to quantify are also included in the settlement.
When a settlement is reached your lawyer will draft release forms for you to sign. After you've signed them, the insurance company will process your case and issue an amount that you have agreed to. This process can take weeks or even a whole month, 18 wheeler accident lawsuit depending on the circumstances.
The amount of blame each party is accountable for in the incident will determine how long it will take to receive your settlement. In the event that more than one party was responsible, the parties may have to discuss the responsibility for your injuries. Your lawyer will guide you through the negotiation process and assist to reach a fair settlement. If the insurance company doesn't negotiate with you, then your lawyer is ready to file a suit to get an increase in settlement.
How can a lawyer help?
There are more than 100,000 injury causing accidents with 18 wheelers every year, and many of them lead to settlements and lawsuits that can reach into the millions of dollars. Lawyers who specialize in these cases earn huge sums of income.
Trucking companies have whole teams of attorneys working night and day to minimize the risk of claims, therefore victims must have an experienced lawyer on their side. A lawyer can help them collect evidence, discuss with insurance companies and even argue their case in court to ensure that they receive the highest settlement amount possible.
A lawyer with experience will know whether other parties are liable for compensation, in addition to the trucking firm. It could be the manufacturer of the vehicle or the manufacturer if the accident was due to defective or defective components. It could also involve distributors or retailers if the truck was stolen or sold without proper inspections and maintenance.
A good attorney will make sure the damages are correctly claimed including future and past medical expenses as well as lost income, property damage, pain and suffering, emotional trauma, and other losses. It is crucial to submit a claim as soon as possible after the accident so that evidence is current and readily available. The delay gives the trucking company and their legal team more time to prepare for the trial and convince a jury that the victim was responsible.
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