What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is among of the most frequently-asked questions by people involved in truck accidents.
The amount you will receive in settlement is contingent upon a number of factors. This includes the severity of your injuries and the extent of your damages.
What You Can Expect From a Settlement
A variety of factors can impact the amount of a settlement for an accident with a truck. 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 factor in future medical expenses if you will require regular treatment following your accident. This is often based on medical experts' testimony or other health experts. In addition, your attorney will also consider the cost to repair or replace any property that was damaged by the crash.
In general the settlements of 18 wheelers are significantly higher than standard auto settlements for accidents. Truck accidents are more likely cause severe injuries than car accidents. It is not uncommon for victims to receive hundreds of thousands or millions of dollars in damages total.
In addition to the economic losses, you will also be entitled to compensation for your non-economic losses. These are not as quantifiable however, they are equally crucial to your recovery. Non-economic losses include suffering and pain disfigurement, loss of a body part, or loss of enjoyment of your life. Your lawyer will assess all your losses to make sure you receive the compensation you deserve. This can take some time especially if several parties are accountable for the crash. However, a knowledgeable New York truck accident attorney can help you settle your claim quickly and in a fair manner.
The Benefits of Your Case
A variety of factors can affect the worth of your 18-wheeler accident case. Two of them are the fault and damages. Fault is important because it determines the amount you are eligible to receive in compensation.
In Texas In Texas, you're able to claim damages if the liable party was at least 50 percent accountable for the collision. However, your lawyer can use evidence to prove that the other party was more at fault than you were. This could increase the amount of your settlement substantially.
The other main aspect that affects your potential amount of compensation is the severity of your losses and injuries. The injuries you experience in the event of a collision with an 18-wheeler are often far greater than those you sustain in a normal car crash. Trucks can weigh up to an 80,000-pound weight and the force they produce is much greater than that of an average car can manage.
Thus the most serious injuries in an accident involving a large truck could result in significant or even multi-million dollar settlements. The damages you can claim are not just for medical costs associated with your injuries but also for the impact of the collision on your life quality. This includes pain and suffering as well as the loss of enjoyment from life and companionship loss and companionship, among other things. It is often difficult to quantify the non-economic losses however, our lawyers have years of experience in providing the best possible evidence of the financial impact of your crash.
The Time It Takes to Receive a Settlement
When you make a claim for personal injury following an accident with an 18-wheeler, it could take longer to settle than car accidents because of the severity of injuries that often occur in these accidents. Your attorney will work closely with medical experts to determine your full damages, including both current and future medical expenses as well as lost wages. Non-economic damages, which can be difficult to quantify, will also be included in the settlement.
Your lawyer will draft the forms for release that you need to sign once an agreement has been reached. When 18 wheeler accident lawyer ogden sign them the insurance company reviews your case and issue a check for agreed amount. The process could take several weeks or even a whole month depending on the situation.
The amount of fault each party is accountable for in the incident will determine the time it will take to get your settlement. In cases where there was more than one person responsible, it could be necessary to negotiate who is responsible for the injuries. Your attorney will guide you through the negotiation process and help you reach an equitable settlement. If the insurance company is unwilling to negotiate with you, your attorney will be prepared to file a lawsuit in order to obtain a higher monetary settlement.
What Lawyers Can Do to Help
There are more than 100,000 injuries caused accidents involving 18 wheelers each year and many of them result in lawsuits and settlements that can be in the millions of dollars. Lawyers who specialize in these cases earn a lot of money.
Trucking companies have whole teams of lawyers working all 24/7 to reduce claims, so victims must have a knowledgeable lawyer on their side. A lawyer can help gather evidence and deal with insurance companies, and even argue their case in court to ensure that they get the maximum settlement amount possible.
An experienced attorney will know when they must seek out other responsible parties for compensation, in addition to the trucking company. It could be the car manufacturer or the manufacturer if the accident was due to defective or damaged components. It might also include a distributor or retailer if the truck was sold or stolen without proper inspections and maintenance.
A reputable attorney will ensure that the damages are accurately claimed that includes future and past medical costs, lost incomes damages to property, emotional trauma, and suffering and pain. It is essential to start a claim as fast as you can after the accident to ensure that evidence is fresh and readily available. Also, waiting gives the trucking company and their legal team more time to prepare for trial and convince jurors that the victim was responsible.