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One of the most common questions that people who have been involved in truck accidents have is "What is the average 18-wheeler settlements?"
The amount you receive as a settlement is contingent on many factors. This includes the extent of your injuries and the amount of your damages.
What to Expect from a Settlement
There are a variety of factors that can impact the value of a truck accident settlement. A few of these are the severity and length of your injuries, as and the loss of your wages. Your attorney may take into account future medical costs should you require ongoing treatment as a result of your accident. This is typically based upon expert testimony from doctors or other health professionals. Additionally, your attorney will also take into consideration the cost of repairing or replace any property that was damaged by the crash.
In general, settlements for 18-wheeler accidents are higher than settlements for standard auto accidents. Truck accidents are more likely to cause serious injuries than car accidents. It is not uncommon that victims receive hundreds of thousands or even millions of dollars in total damages.
In addition to your economic losses, you'll also be entitled to compensation for non-economic losses. These are not quantifiable losses, but they are just as important to your recovery. Non-economic losses include pain and suffering and disfigurement or the loss of enjoyment from your life. Your lawyer will assess all your losses to ensure you get the compensation you are due. This can take some time especially if several parties are responsible for the crash. However, a knowledgeable New York truck accident attorney can assist you in settling your claim quickly and fairly.
What is the value of Your Case?
The value of your 18-wheeler crash case is determined by many factors. Two of the most important are fault and damages. The importance of fault is that it determines the amount you are eligible to receive in compensation.
In Texas the state of Texas, you're entitled to compensation if the other driver was at least 50% accountable for the accident. However, your attorney may make use of evidence to prove that the other party was more at fault than you were. This could increase your settlement amount significantly.
The other major factor that influences your potential amount of compensation is the severity of your losses and injuries. The injuries you sustain in an accident involving an 18-wheeler are typically more severe than the ones you suffer in a typical car crash. This is because trucks weigh more than 80,000 pounds. This, when multiplied by the speed of travel generates much more force than what a passenger vehicle can endure.
The most serious injuries sustained in an accident involving a large truck could lead to settlements of millions of dollars or more. In addition to the medical expenses of treating your injuries, you may also recover damages to compensate for the negative impact the collision has affected your life quality. This includes suffering, loss of enjoyment of life and companionship loss as well as other aspects. These non-economic damages are typically difficult to quantify, but our lawyers can help create and present the most convincing evidence possible of the financial impact.
The time it takes to Receive an Settlement
If you have a personal injury claim after an accident with an 18-wheeler vehicle, it can take longer to settle than car accidents due to the nature of the injuries that commonly accompany such crashes. Your attorney will work closely with medical professionals to determine your full injuries, including current and future medical expenses and lost wages. Your settlement will also contain economic damages that are difficult to calculate.
Your lawyer will draft the forms for release that you need to sign when a settlement has been made. After you sign them, the insurance company takes care of the case and sends you an amount agreed upon. This process can take a few weeks or even a month depending on the circumstances.
The amount of blame each party has in the accident will determine the time it will take to receive your settlement. In the event that more than one party was responsible and the parties could have to negotiate over who is accountable for your injuries. Your attorney will guide you through the negotiation process and help to reach a fair settlement. If the insurance company won't negotiate with you, then your attorney will file a suit to get a larger settlement.
How a Lawyer Can Help
Over 100,000 accidents involving 18-wheelers result in injuries every year. Many of these accidents result in settlements or lawsuits in the millions of dollars. This is why it is a lucrative business for lawyers who specialize in settling these cases.
A trucking company has a team comprised of attorneys who work round all hours to limit claims. Victims require a skilled lawyer on their side. A lawyer can help gather evidence, discuss with insurance companies and even argue their case in court to ensure they get the maximum settlement amount possible.
An experienced lawyer can determine if other parties are liable for compensation, in addition to the trucking company. This could include a car manufacturer if the crash was caused by defective or damaged parts. This could also include a retailer, distributor or manufacturer if the truck has been stolen or sold without proper inspections or maintenance.
A reputable attorney will ensure that the claim is made in a timely manner that includes future and past medical expenses, lost income physical damage, emotional trauma, and suffering and pain. It is important to file a claim as soon as you can following the accident to ensure that evidence is fresh and available. Additionally, waiting allows the trucking company and their lawyers time to prepare for trial and convince jurors that the victim is responsible.
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