What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is one of the most frequently-asked questions by those involved in truck accidents.
The amount that you receive as a settlement will depend on several factors. The severity of your injuries, and the extent of the damages you've sustained are all factors to consider.
What to Expect from 18 wheeler accident lawsuit richardson
There are a myriad of factors that affect the value of a truck accident settlement. Some of these include the severity and length of your injuries as and the loss of your wages. In addition, your lawyer may consider future medical expenses if you will require regular treatment following your accident. This is typically based upon expert testimony from doctors or other health care professionals. Your attorney will also take into account the costs of repairing or replacing any property damaged by the accident.
In general, 18 wheeler settlements are considerably higher than standard auto settlements for accidents. This is due to the fact that truck accidents often result in more severe injuries than typical car crashes. It is also not unusual for victims to be awarded hundreds of thousands or even millions of dollars in damages total.
In addition to your economic losses, you'll also be entitled to compensation for your non-economic losses. These are not as quantifiable however, they are just as important to your recovery. Non-economic losses can include suffering and pain and disfigurement or loss of enjoyment in your life. Your lawyer will estimate all your losses to ensure you get the compensation you are due. This may take time particularly if several parties are responsible for the incident. However, a knowledgeable New York truck accident attorney can assist you in settling your claim quickly and fairly.
The Importance of Your Case
The value of your 18-wheeler crash case is determined by many factors. Two of them are fault and damages. Fault is important because it determines how much you can receive in compensation.
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 make use of evidence to prove that the other party was much more at fault than you were. This could increase your settlement amount substantially.
The severity of your losses or injuries will also affect the amount you can expect to receive. The injuries sustained in collisions with 18-wheelers can be much more severe than those sustained in a car crash. Trucks can weigh up to 80k pounds and the force they exert is far more than what a passenger car can handle.
The most serious injuries sustained in an accident involving a large truck can result in settlements of several million dollars or more. You can recover damages not only for the medical expenses associated with your injuries but also for the impact of the crash on your quality of life. This includes pain and discomfort as well as loss of enjoyment from life, and loss of companionship. It is often difficult to quantify these damages however, our lawyers have years of experience in creating and presenting the most convincing possible evidence of the true financial impact of your crash.
How long does it take 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 due to the seriousness of injuries that usually accompany such crashes. Your lawyer will collaborate with medical experts to determine the total extent of your injuries, which includes the future and present medical expenses and loss of wages. The settlement will also cover non-economic damages that are difficult to quantify.
Your lawyer will create the release forms that you have to sign after a settlement has been reached. Once you have completed them, the insurance company will review your case and issue the amount you agreed to. The process could take from a few weeks to a month or more for a variety of reasons, such as clerical errors and delays in the mail system.
One of the most important factors in determining how long it takes to receive your settlement is the proportion of fault attributed to each person involved in the crash. In the event that there more than one party at fault, it may be necessary to negotiate who is accountable for the injuries. Your attorney will guide you through the negotiation process and assist you negotiate a fair settlement. If the insurance company isn't willing to agree to negotiate with you, your lawyer is ready to make a claim to secure a higher settlement.
How can a lawyer assist
There are over 100,000 injuries accident-related accidents that occur with 18 wheelers every year, and many of them result in settlements and lawsuits which can reach into the millions of dollars. This is a big business for lawyers who specialize in litigating these cases.
Trucking companies have teams of attorneys working every day and night to reduce claims, which means that victims need to have an experienced lawyer by their side. A lawyer can help them collect evidence and discuss with insurance companies and even argue their case in court to ensure they get the maximum settlement amount possible.
A seasoned attorney will know if they need to pursue other responsible parties for compensation, in addition to the trucking company. It could be the car manufacturer and the driver if the crash occurred due to defective or defective components. This could also include a retailer, distributor or manufacturer if the truck has been sold or stolen without proper maintenance or inspections.
A competent attorney will make sure all damages are claimed correctly including future and past medical expenses and lost income and property damage, as well as pain and suffering, emotional trauma and other damages. It is important to submit a claim as soon as possible following the incident to ensure that evidence is fresh and readily available. Additionally, waiting allows the trucking company and their team of lawyers time to prepare for trial and convince a jury that the victim was responsible.