What Are the Average 18 Wheeler Settlements?
One of the most frequently asked questions that those who have been involved in truck accidents is "What is the typical 18 wheeler settlement?"
The amount you receive as a settlement is contingent on many factors. The degree of your injuries and the extent of damages you've sustained are all aspects to consider.
What to Expect From A Settlement
There are many variables that affect the value of a truck crash settlement. Some of these include the severity of your injuries, the length of time required to recover, and lost wages. Furthermore, your attorney might take into account future medical costs when you need ongoing treatment due to your accident. This is often based on medical experts' testimony or other health experts. Your lawyer will also consider the cost of repairing or replacing any property damaged by the accident.
In general the case of 18-wheeler accidents, settlements are higher than settlements for auto accidents of a normal nature. This is due to the fact that truck accidents typically cause more serious injuries than normal car crashes. 18 wheeler accident law firm ventura is not unusual for victims of truck accidents to suffer damages of hundreds of thousands or even millions of dollars.
You will also be entitled damages for non-economic damage in addition to your economic losses. These aren't as quantifiable however they are equally important to your recovery. Non-economic losses could include pain and suffering disfigurement, loss of a body part, or loss of enjoyment of your life. Your lawyer will determine all your losses to ensure you get the compensation you deserve. This can take time particularly if several parties are involved in the accident. However, a skilled New York truck accident attorney can assist you in settling your claim quickly and in a fair manner.
The Benefits of Your Case
The value of your 18-wheeler crash case is affected by several factors. Two of them are the fault and damages. Fault is important, because it determines the amount of compensation you're entitled to.
In Texas the law states that you can only recover damages if the other party was at least 50% responsible for your collision. However, your lawyer can make use of evidence to prove that the other party was much more responsible than you were. This could greatly increase the amount of your settlement.
The severity of your injuries or losses will also influence the amount you can expect to receive. The injuries you suffer from an accident involving an 18-wheeler are typically more severe than those suffered in a normal car crash. This is due to the fact that trucks weigh more than 80,000 pounds, which multiplied by the speed of travel creates much more force than a passenger vehicle can withstand.
So, the most serious injuries in an accident involving a massive truck could lead to substantial or even multi-million-dollar settlements. The damages you can claim are not only for the medical expenses resulting from your injuries but also for the impact of the crash on your life quality. This includes discomfort and pain as well as loss of enjoyment from life, and loss companionship. These non-economic damages are often difficult to quantify, but our lawyers can help you prepare and present the best evidence possible of the true financial impact.
How is the time it takes to receive a settlement?
It can take longer for an injury claim to be settled following an accident caused by an 18-wheeler, due to the degree and frequent nature of injuries. Your lawyer will collaborate with medical experts to determine the extent of your injuries, which include current and future medical expenses and lost wages. The settlement will also cover non-economic damages that are difficult to calculate.
Once a settlement is reached your lawyer will draft release forms for you to sign. After you've signed them the insurance company will investigate your case and issue the amount agreed upon. This process can take weeks or even a whole month depending on the situation.
The most significant factor in determining the time it takes to get your settlement is the proportion of fault assigned to each party involved in the crash. In the event that there more than one party at fault, it may be necessary to determine who is accountable for the injuries. Your lawyer will guide you through the negotiation process and help you negotiate a fair settlement. If the insurance company is unwilling to negotiate with you, your attorney will be ready to file a lawsuit to receive a larger monetary settlement.
What Lawyers Can Do to Help
Over 100,000 accidents involving 18-wheelers lead to injuries every year. Many of these accidents lead to settlements or lawsuits in the millions of dollars. Lawyers who specialize in these cases earn an enormous amount of income.
A trucking firm has a team of lawyers who work around the clock to minimize claims. Victims require an experienced lawyer to represent them. A lawyer can help them gather evidence, deal with insurance companies, and even argue their case in court to ensure they receive the highest settlement amount possible.
An experienced lawyer will know if other individuals are liable for compensation in addition to the trucking firm. It could be the manufacturer of the vehicle and the driver if the crash occurred due to defective or faulty components. It could also involve the retailer or distributor in the event that the truck was stolen or sold with no proper inspections and maintenance.
An experienced attorney will make sure all damages are properly claimed including past and future medical expenses as well as lost income and property damage, as well as pain and suffering, emotional trauma and other damages. It is crucial to file your claim as soon after the accident as you can to ensure that all evidence is still fresh. Additionally, waiting allows the trucking company and their legal team more time to prepare for trial and convince jurors that the victim is at fault.