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The time required to settle a trucking accident situation can differ from case to case. The length of time for settlement may be affected by a number factors.
It can take some time to determine who is responsible for an accident. A lawyer can assist in identifying the responsible parties and maximize the settlement.
What to Expect
The time frame for settlement in a lawsuit against an 18-wheeler depends on a variety factors, including the amount of liability and damages. The case could be delayed if the parties to the accident cannot agree on the fault. Furthermore, if there is any disagreements about evidence or witness testimony, it may take more time to resolve these issues.
Settlement amounts can differ greatly dependent on the severity of injuries and the insurance policy of the trucking company, and the existing state or federal regulations that regulate commercial vehicles. Keep in mind that plaintiff attorneys are paid on the basis of contingency. This means they don't get paid until they win a case or reach an agreement.
It's not a surprise that semi-truck accidents are a big business for lawyers. Settlements can reach millions of dollars in these cases. This is especially true if the trucking company has been declared to be negligent.
Liability
In the United States, there are more than 100,000 accidents every year involving 18-wheelers. Many of these truck accidents result in serious injuries and even death. Insurance companies tend to undervalue the damage and injuries suffered by victims in these accidents. However, a skilled 18 wheeler accident attorney can even the playing field and negotiate with these huge insurance companies to get their clients maximum settlements.
The defendants in a case involving an 18 wheeler could be held responsible for various damages, including non-economic and economic damages. Economic damages can include medical bills, lost wages and future earnings. Non-economic damages may include emotional distress, disfigurement or reduced quality of life.
Plaintiff attorneys who handle 18 wheeler cases work on a contingency fee basis, which means that they don't receive any money until they prevail and agree to a settlement for their client. In the meantime, they must pay court costs, attend depositions, hire experts and other experts, travel and pay for other costs required to win a case.
Damages
18-wheeler accidents can result in serious injuries, especially when they occur at a high speed. Due to the weight and size of these trucks, the impact of an accident can be even more severe than a regular motor vehicle crash. This means that the damages could be more severe as well.
In addition to the medical and property damage that could result from a crash involving an 18-wheeler victims could be able to claim compensation for lost wages and grief caused by the loss of a loved. A personal injury lawyer can help determine the amount of compensation you can receive if you have suffered losses due to an accident involving a semi truck.
The costs of litigation can be quite high. Plaintiff attorneys need to pay for travel expenses, take depositions, hire experts as witnesses, and pay court costs, which is why they must get their clients' money as soon as they can. There are ways that plaintiffs can get their money faster following settlement. These are referred to as post settlement advances or lawsuit loans. They are a great option for injured parties to pay costs while waiting for their settlement.
Timeline
There are a myriad of factors that influence how long it takes to settle a truck crash case. One of the most important factors is the severity of your injuries. It is best to wait until your medical condition has improved to the maximum before settling. This is because you might be in a position to claim future losses such as lost wages and a decreased quality of life, and your attorney will need evidence to support these claims.
Another factor that can prolong the process of settlement is a dispute between parties about liability or damages. This is often the case when multiple insurance companies are involved or the parties disagree on the fault of one party.
A qualified truck accident lawyer can help you determine if the insurance company is providing you with an adequate amount for your claim and whether or the insurance company will take care of all your future and current losses. If the insurance company is unwilling to negotiate, it could be required to file a lawsuit which could prolong time for the case. In some cases it may take a year or more to solve the issue.
Settlement
There are a few things which can cause the longest time to settle a lawsuit against an 18-wheeler. The degree of the injuries and insurance considerations are two elements that can impact the timeline. It could take some time for the documentation from your doctor to reveal permanent impairments that could affect the future loss you suffer. It is vital to never settle your claim too early as it can result in you not receiving the funds you're entitled to for your entire range of damages.
Attorneys representing plaintiffs in cases involving 18 wheeler accidents are paid contingency fee and don't get paid until they prevail or reach a settlement. They have to pay for court costs, travel expenses, and expert witness fees throughout the process of a case.
As you can imagine, this can add up to quite a large amount. Many 18 wheeler plaintiff attorneys utilize post settlement advances (also known as lawsuit loans or settlement cash advances) to help offset their legal expenses out of pocket to be able to collect the money they're owed sooner.
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