What Are the Average 18 Wheeler Settlements?

One of the most commonly asked questions that those who have been involved in truck accidents have is "What are the average settlements for 18-wheelers?"

The amount you will receive in settlement is contingent upon a number of factors. The extent of your injuries and the extent of the damages you've suffered are just a few things to take into consideration.

What to Expect from a Settlement

There are a myriad of factors that can impact the value of a truck accident settlement. One of them is the severity of your injuries, the amount of time it took to recover, and loss of earnings. Your lawyer may also factor in future medical costs if you require ongoing treatment following your accident. This is typically based upon expert testimony from doctors or other health experts. Your attorney will also take into account the cost of replacing or repairing any property damaged by the accident.

In general the settlements for 18-wheeler collisions are significantly higher than those for auto accidents of a normal nature. Truck accidents are more likely cause severe injuries than car accidents. It is not uncommon for victims to suffer hundreds of thousands or millions of dollars in total damages.

In addition to the economic losses, you will also be eligible for compensation for non-economic damages. These are not as quantifiable losses but are equally important to your overall recovery. Non-economic losses can include suffering and pain or disfigurement, as well as loss of enjoyment in your life. Your lawyer will determine all your losses to make sure you get the compensation you deserve. This can take some time especially if multiple parties share responsibility for the crash. However, a skilled New York truck accident attorney can assist you in settling your claim quickly and fairly.

What is the significance 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 significant. Fault is important because it determines how much you are entitled to in compensation.

In Texas in Texas, you are able to recover damages if the other party was at least 50 percent responsible for your collision. Your lawyer can use evidence, however, to show that you weren't as at fault as the other party. This could greatly increase the amount of your settlement.

The other major element that affects your payout is the severity of your losses and injuries. Injuries sustained in collisions with 18-wheelers can be far more severe than injuries suffered in a car crash. This is due to the fact that trucks weigh more than 80,000 pounds, and when multiplied by the speed of travel results in much more force than a passenger vehicle is able to withstand.

So the most serious injuries sustained in an accident with a large truck could lead to substantial or even multi-million-dollar settlements. The damages you can claim are not just for medical expenses resulting from your injuries, but also the impact of the crash on your quality of life. This includes suffering and pain as well as loss of enjoyment life and loss of companionship, among other things. It can be difficult to quantify these damages, but our attorneys have years of experience preparing and presenting the best evidence of the actual financial impact of your accident.

How do I wait to receive a settlement?

It can take a longer time for a personal injury claim be settled following an accident caused by an 18 wheeler accident attorneys-wheeler, due to the seriousness and the frequency of injuries. Your attorney will work closely with medical experts to determine the full extent of your damages, including both current and future medical costs as well as lost wages. Damages that are not economic, which can be more difficult to calculate are also included in your settlement.

Your lawyer will prepare the forms for release that you need to sign once an agreement has been reached. Once you sign them, the insurance company reviews your case and issues the check in the amount you agreed to. This process may take several weeks or even a whole month depending on the situation.

One of the most important factors in determining how long it takes to get your settlement is the percentage of fault attributed to each party involved in the crash. In cases where there was more than one person at fault, it may be necessary to negotiate who is accountable for the injuries. Your knowledgeable attorney can guide you through the process and help you achieve a fair settlement. If the insurance company is unwilling to negotiate with you, your lawyer will be ready to file a lawsuit to receive a larger monetary settlement.

How a Lawyer can Help

There are more than 100,000 injuries resultant accidents caused by 18 wheeler accidents wheelers each year and the majority of them result in lawsuits and settlements that can reach into the millions of dollars. This makes it big business for lawyers who specialize in litigating these cases.

Trucking companies have teams of attorneys working night and day to minimize the risk of claims, therefore victims must have a knowledgeable lawyer on their side. A lawyer can help them collect evidence and negotiate with insurance companies and even argue their case in court to ensure that they get the most settlement possible.

An experienced attorney will be aware of whether they should seek out other responsible parties for compensation, in addition to the trucking company. It could be the car manufacturer in the event that the crash was due to defective or faulty components. This could also include a retailer, distributor or manufacturer if the truck has been stolen or sold with no proper maintenance or 18 wheeler accident attorney inspections.

A reputable attorney will ensure that the claim is made in a timely manner that includes future and past medical expenses, lost income and property damage, as well as emotional trauma and suffering and pain. It is essential to file your claim as soon following the accident as soon as you can so that all evidence remains fresh. Additionally, waiting allows the trucking company and their team of lawyers time to prepare for trial and convince jurors that the victim was responsible.