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The time required to settle a truck accident case varies from one to the next. There are a number of factors that can influence the speed of settlement.
For instance, it could take time to establish who is responsible for the accident. An attorney can help determine all the parties responsible and maximize the amount you receive.
What to Expect
The time frame for settling in a case involving an 18-wheeler is contingent on a variety of factors including the amount of the liability and damages. The case may be delayed if the parties in the accident cannot agree on fault. If there are disputes over the evidence or testimony of witnesses, it could delay the case.
Settlement amounts can differ greatly dependent on the severity of injuries and the insurance policy of the trucking company and the current state or federal regulations that govern commercial vehicles. Remember that plaintiff lawyers are paid on the basis of contingency. This means they don't get paid until they are successful in a case or agree to a settlement.
Because of the severe and often fatal injuries that can result from semi-truck accidents it's no surprise that these cases are huge business for lawyers who represent them. Settlements can be as high as millions of dollars in these cases. This is particularly true when the trucking company has been considered to be negligent.
Liability
In the United States, there are more than 100,000 crashes each year involving 18-wheelers. Many of these crashes result in serious injuries or even death. Insurance companies often undervalue the injuries and damages of the victims in these accidents. A reputable 18-wheeler accident lawyer can negotiate with big insurance companies and negotiate the best settlement for their clients.
In a lawsuit involving an 18-wheeler, the defendants may be held liable for non-economic and economic damages. Economic damages can include medical bills, lost wages, and future earnings. Non-economic damages can include pain and suffering, emotional distress, disfigurement, and reduced quality of life.
Plaintiff attorneys who handle 18 wheeler Accident Lawsuit wheeler cases are paid on a contingency basis, which means that they aren't paid until they prevail and agree to a settlement for their client. In the meantime, they have to pay for 18 wheeler accident lawsuit court costs, conduct depositions, engage experts and other specialists, travel and pay for other costs required to win the case.
Damages
18 wheeler accident lawyer-wheeler accidents can cause serious injuries, especially if they happen at high speeds. The impact of an 18-wheeler crash can be more severe due to its weight and size. This means that the damages could be more severe as well.
In addition to the medical and property damages that may result from a collision with an 18-wheeler, victims may be able to claim compensation for the loss of earnings and grief due to the loss of loved ones. A personal injury lawyer can assist you to determine the maximum amount of compensation you can receive if you have suffered losses due to a semi truck crash.
The costs of litigation can be quite high. Attorneys representing plaintiffs have to pay for depositions, travel, expert witnesses and court costs. They require the funds of their clients as quickly as possible. There are a variety of ways plaintiffs can receive their money quicker after settlement. These are referred to as post settlement advances or lawsuit loans. These are a great option for those who have suffered injuries and need to pay for their expenses while waiting for their settlement.
Timeline
There are a myriad of factors that affect how long it takes to settle a truck crash case. The severity of your injuries is a significant factor. It is important to wait until you have reached maximum medical improvement before making a decision to settle. This is due to the fact that you may be able to claim future losses, such as lost wages and a decreased quality of life. In addition, your attorney will require evidence to prove these claims.
A dispute between the parties regarding the amount of liability or damages can delay the settlement process. This is often the case when there are several insurance companies involved or if the parties are disputing who was responsible for the accident.
A qualified truck accident lawyer can help you determine if the insurance company is providing you with an acceptable amount for your claim and whether or the insurance company will cover all of your current and future losses. If the insurance company is unwilling to negotiate, it may be necessary to file a suit which can extend the time frame for the case. In certain situations, it could take an entire year or more to resolve the case.
Settlement
There are many things that can drastically alter the time frame required for an 18 wheeler lawsuit to settle. This includes the severity of injuries and the insurance considerations involved. It may also take a while for your doctor to document of permanent impairments that could affect your future losses. You should never settle an injury claim too soon as this can leave you with no money to cover your full range damage.
Attorneys representing plaintiffs who litigate in 18-wheeler accidents are paid on a contingent fee basis and are not paid unless they win or agree to an agreement. They are required to pay court costs along with travel and expert witness fees throughout the trial.
As you can imagine, this can add up quite a bit. Many plaintiff attorneys who are 18-wheelers utilize settlement cash advances or lawsuit loans to pay for their legal expenses out of pocket. This lets them get the money sooner.
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