What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is among of the most frequently-asked queries by those involved in truck accidents.
The amount you will receive as a settlement depends on several factors. The degree of your injuries and the extent of damages you've suffered are all things to take into consideration.
What to Expect from a Settlement
There are a myriad of factors that can impact the value of a truck crash settlement. These include the severity of your injuries, the amount of time required to recover, and lost wages. Your lawyer could include future medical expenses if you need to continue treatment because of your accident. This is typically dependent on the testimony of doctors or other medical experts. Your lawyer will also consider the cost of replacing or repairing any property damaged by the accident.
Generally speaking the settlements for 18 wheelers are more substantial than typical auto settlements for accidents. Truck accidents are more likely cause severe injuries than car accidents. It is also not uncommon that victims receive hundreds of thousands or even millions of dollars in total damages.
You may also be entitled to compensation for damages that are not economic in addition to your economic losses. These are less quantifiable losses however, they are equally crucial to your recovery. For example, your non-economic losses might include your pain and suffering, loss of enjoyment of life, or even disfigurement. Your lawyer will strive to calculate all your losses and ensure that you are properly compensated. This may take time especially if multiple parties are accountable for the accident. However, a knowledgeable New York truck accident attorney can help you settle your claim quickly and in a fair manner.
What is the Value of Your Case?
Many factors affect the value of your 18-wheeler accident case. Fault and damages are the two most significant. The issue of fault is significant, since it determines the amount of compensation you are entitled to.
In Texas the law states that you can only claim damages if the liable party was at least 50% responsible for the collision. However, your lawyer can utilize evidence to prove the other party was more at fault than you were. This could increase your settlement amount significantly.
The severity of your injuries or losses will also impact your potential payout. The injuries you experience in an accident with an 18-wheeler are typically greater than those you sustain in a typical car crash. Trucks can weigh as much as 80,000 pounds and the force they exert is much greater than that of the average car driver can handle.
The most serious injuries incurred in an accident that involves a large truck may result in settlements of several million dollars or more. In addition to the medical costs of treating your injuries, you can also seek compensation for the effect the accident has caused to your quality of life. This includes pain and discomfort and loss of enjoyment in life, and loss of companionship. These damages are usually difficult to quantify, but our lawyers can help you create and present the most convincing evidence possible of the financial impact.
How long does it take to receive an amount of money?
If you make a claim for personal injury following an accident involving an 18-wheeler, it can take longer to settle than car accidents due to the seriousness of injuries that usually occur in these accidents. Your lawyer will work with medical experts to determine the full extent of your injuries, which includes future and ongoing medical expenses and lost wages. Your settlement will also include economic damages that are difficult to calculate.
Your lawyer will create the release forms you'll need to sign when a settlement has been reached. After you've signed them the insurance company will investigate your case and issue an amount agreed upon. This process may take several weeks or even a whole month depending on the situation.
A major factor in determining the time it takes to receive your settlement is the percentage of fault assigned to each of the parties involved in the crash. If more than one person was at fault, the parties may have to discuss who is accountable for your injuries. Your knowledgeable attorney can guide you through these negotiations and help you find an equitable settlement. If the insurance company isn't willing to negotiate with you, then your attorney is prepared to bring a lawsuit to obtain an increase in settlement.
How a lawyer can help
Over 100,000 accidents involving 18-wheelers lead to injuries each year. Many of these accidents lead to settlements or lawsuits in the millions of dollars. Lawyers who specialize in these cases earn huge sums of money.
A trucking firm has a team of attorneys who work round the clock to minimize claims. Victims need an experienced lawyer to represent them. 18 wheeler accident claim maryland can assist victims to gather evidence, negotiate their case with insurance companies and even present their case in court for the maximum settlement.
An experienced lawyer can determine if other individuals are liable for compensation, in addition to the trucking company. This could include a car manufacturer if the crash was caused by defective or defective components. It might also include a retailer or distributor if the truck was sold or stolen without proper inspections and maintenance.
A good lawyer will ensure that all damages are appropriately claimed including future and past medical expenses as well as lost income and property damage, as well as emotional trauma and other damages. It is essential to file your claim as soon after the incident as you can to ensure that all evidence remains fresh. Also, waiting gives the trucking company and their lawyers time to prepare for trial and convince a jury that the victim is at fault.