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One of the most common questions that those who have been involved in truck accidents have is "What is the average 18 wheeler settlement?"
The amount you will receive in settlement is contingent upon a number of factors. The severity of your injuries, and the extent of the damages you've sustained are all aspects to consider.
What to Expect from the Settlement
There are many factors that can affect the amount of a settlement for the aftermath of a truck crash. One of them is the severity of your injuries, the amount of time required to recover, and your lost wages. Furthermore, your attorney might take into account future medical costs should you require ongoing treatment due to your accident. This is usually based on the evidence of doctors or other medical professionals. Your lawyer will also take into account the cost of repairing or replacing any property damaged by the accident.
In general the majority of cases, settlements for 18-wheeler crashes are significantly higher than those for auto accidents of a normal nature. This is due to the fact that truck accidents typically cause more serious injuries than typical car crashes. It is also not unusual for victims to be awarded hundreds of thousands or millions of dollars in total damages.
In addition to the economic losses, you will also be legally entitled to compensation for non-economic damages. These are not as quantifiable however, they are equally important to your recovery. For instance the non-economic costs could include your pain and suffering or loss of enjoyment in life, or disfigurement. Your lawyer will assess all your losses in order to ensure that you get the compensation you deserve. This can take some time particularly if several parties share responsibility for the accident. A New York truck accident lawyer can help you settle the claim quickly and in a fair manner.
What is the worth of Your Case?
The value of your 18-wheeler accident case is influenced by a variety of factors. Two primary ones are the fault and damages. The issue of fault is that it determines how much you are entitled to in compensation.
In Texas the law states that you can only recover damages if the other party was at least 50 percent accountable for the collision. However, your attorney may use evidence to prove that the other party was more responsible than you were. This could increase the settlement amount significantly.
The severity of your injuries or losses can affect the amount you can expect to receive. The injuries sustained in an accident with an 18-wheeler are often more severe than the injuries sustained in a car accident. This is due to the fact that trucks weigh more than 80,000 pounds, and when multiplied by the speed of travel generates much more force than a standard passenger vehicle is able to withstand.
Therefore the most serious injuries in an accident with a large truck can lead to significant or even multi-million-dollar settlements. In addition to the medical costs of treating your injuries, you could also claim damages for the impact the crash has caused to your quality of life. This includes suffering and loss of enjoyment of life as well as loss of companionship, among other things. These non-economic damages can be difficult to quantify, however our lawyers can assist you to create and present the best evidence of the financial impact.
How is the time it takes to receive a 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 because of the nature of the injuries that commonly accompany these crashes. Your lawyer will work with medical experts to determine the complete extent of your injuries, including the future and present medical expenses and loss of wages. Non-economic damages, which could be difficult to quantify are also included in the settlement.
Your lawyer will create the forms for release that you need to sign once an agreement has been reached. Once you sign them, the insurance company takes care of the case and sends you an agreement-based check. This process can take weeks or even a whole month depending on the situation.
The most significant factor in determining how long it takes to receive your settlement is the proportion of fault assigned to each party involved in the crash. In cases where there more than one party at fault, it may be necessary to negotiate who is responsible for the injuries. Your knowledgeable attorney will be able to guide you through the process and help you achieve an equitable settlement. If the insurance company refuses to negotiate with you, your lawyer will be prepared to file a lawsuit in order to obtain a higher monetary settlement.
How a Lawyer can Help
There are over 100,000 injury caused accidents involving 18 wheelers each year and many of them lead to lawsuits and settlements that can reach into the millions of dollars. This makes it big business for lawyers who specialize in litigating these cases.
A trucking company has a team made up of lawyers who work around all hours to limit claims. Victims require a skilled lawyer to represent them. A lawyer can assist victims to gather evidence and negotiate their case with insurance companies, and even argue in court to get the highest amount of compensation.
An experienced lawyer will know when they must bring other parties liable for compensation, in addition the trucking company. It could be the manufacturer of the vehicle or the manufacturer if the accident was due to defective or faulty components. This could also include a retailer, distributor or manufacturer if the vehicle was stolen or sold without proper maintenance or inspections.
A good attorney will ensure that all damages are properly claimed in relation to past and future medical costs, lost incomes physical damage, emotional trauma, and suffering and pain. It is crucial to make a claim as quickly as you can following the accident so that evidence is fresh and available. Also, waiting gives the trucking company and their team of lawyers time to prepare for trial and convince a jury that the victim was responsible.
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