What Are the Average 18 Wheeler Settlements?
One of the most commonly asked questions that people who have been involved in truck accidents is "What are the typical 18 wheeler settlement?"
The amount you will receive in settlement is contingent upon a number of factors. The extent of your injuries and the amount of damages you've suffered are all aspects to be considered.
What to Expect From A Settlement
There are many factors that affect the value of a truck crash settlement. These include the severity of your injuries, the length of time it took to heal, as well as your loss of earnings. Additionally, your attorney may consider future medical expenses if you will require ongoing medical treatment because of your accident. This is typically based on medical experts' testimony or other health care professionals. Additionally, your lawyer will also consider the cost to repair or replace any property that was damaged during the crash.
Generally speaking, 18 wheeler settlements are much larger than standard auto accident settlements. This is due to the fact that truck accidents often cause more serious injuries than standard car crashes. It is not uncommon for the victims of truck accidents to receive damages that range from hundreds of thousands or even millions of dollars.
In addition to the economic losses, you'll also be legally entitled to compensation for non-economic damages. These are more difficult to quantify but are equally important to your overall recovery. Non-economic losses may include suffering and pain, disfigurement, or the loss of enjoyment from your life. Your lawyer will strive to determine all of your losses and make sure you are properly compensated. This may take a long time, especially if multiple parties are accountable for the crash. A New York truck accident lawyer can help you settle the claim quickly and fairly.
The Benefits of Your Case
There are many factors that affect the value of your 18 wheeler accident case. Fault and damages are the two most important. The importance of fault is that it determines the amount of compensation you are entitled to.
In Texas the law states that you can only recover damages if the other party was at least 50 percent accountable for your collision. Your attorney can use evidence to show that you weren't equally responsible as the other party. This could substantially increase the amount of your settlement.
The extent of your losses or injuries can affect the amount you could receive. Injuries sustained during collisions with 18-wheelers are often more severe than those sustained in a car crash. This is because trucks weigh more than 80,000 pounds. This, when multiplied by the speed of travel generates far more force than what a passenger vehicle can handle.
Thus, the most serious injuries in an accident involving a huge truck can lead to significant or even multi-million-dollar settlements. You could be awarded damages not only for the medical expenses resulting from your injuries but also for the impact of the collision on your quality of life. This includes discomfort and pain, loss of enjoyment in life, and loss of companionship. It is often difficult to quantify these non-economic damages however, our lawyers have years of experience making and presenting the strongest evidence possible of the financial impact of your crash.
The Time It Takes to Receive a Settlement
If you submit a personal injury claim following an accident involving an 18-wheeler vehicle, it can take longer to settle than car accidents because of the severity of injuries that often accompany such crashes. Your lawyer will work with medical experts to determine the extent of your injuries, including your current and future medical costs and lost wages. Non-economic damages, which may be difficult to calculate, will also be included in your settlement.
Your lawyer will prepare the release forms you need to sign once an agreement has been reached. After you have signed them, the insurance company will process the case and sends you an amount agreed upon. The process can take anywhere from several weeks to at least a month due to a variety of reasons, such as clerical errors and delays in the mail system.
The most significant factor in determining the time it takes to receive your settlement is the proportion of fault attributed to each of the parties involved in the crash. In cases where there was more than one person at fault, it may be necessary to determine who is accountable for the injuries. Your experienced attorney can assist you in these negotiations and help achieve an equitable settlement. If the insurance company doesn't bargain with you, your lawyer will bring a lawsuit to obtain a higher settlement.
What can 18 wheeler accident case oakland do to help
Over 100,000 accidents involving 18-wheelers cause injuries every year. Many of these accidents lead to settlements or lawsuits in the millions of dollars. This is a big business for lawyers who specialize in settling these cases.
A trucking company has a team made up of attorneys who work around all hours to limit claims. Victims need an experienced lawyer to represent them. A lawyer can help victims gather evidence and negotiate their case with insurance companies and even argue in court to secure the maximum settlement.
An experienced lawyer will know if they need to pursue other responsible parties for compensation in addition to the trucking company. This could include a car manufacturer if the crash was caused by defective or damaged parts. It could also include distributors or retailers if the truck was stolen or sold without proper inspections and maintenance.
A reputable attorney will ensure that all damages are properly claimed, including past and future medical costs, lost incomes, property damage, emotional trauma and pain and suffering. It is essential to make a claim as quickly as you can following the accident so that evidence is fresh and readily available. It gives the trucking company and their attorneys more time to prepare for a trial and convince a jury that the victim was at fault.