How Long Does It Take to Settle an 18 Wheeler Lawsuit?

The amount of time required to settle a trucking accident instance can vary from case to case. There are a number of factors that affect the speed of settlement.

For instance, it might take time to determine who is responsible for the accident. A lawyer can help determine all the parties responsible and maximize the settlement.

What to Expect

The time frame for settling of a lawsuit involving an 18-wheeler is contingent on a variety of factors, including liability and damages. The case may be delayed if the parties to the collision do not reach an agreement on who is responsible. Additionally, if there are any disagreements over evidence or witness testimony the process could take longer time to resolve these issues.

Based on the severity of the injuries, as well as the size of the trucking company's insurance policy and any existing federal or state regulations governing commercial vehicles settlement amounts may vary widely. Remember that plaintiff attorneys are paid on the basis of a contingency. This means they do not get paid until they have won a case, or reached a settlement.

Due to the serious and often catastrophic injuries that can result from semi-truck accidents it's not surprising that these cases are lucrative for the lawyers who handle them. Settlements can be as high as millions of dollars in these cases. This is especially true if the trucking firm has been deemed negligent.

Liability

Every year, there are more than 100,000 accidents involving 18 wheeler accident wheelers across the United States. Many of these accidents cause serious injuries and even death. The majority of insurance companies lower the cost of victims of these accidents by offering settlements that do not reflect the full extent of their injuries and damages. However, an experienced 18 wheeler accident attorney can level the playing field and negotiate with these big insurance companies in order to obtain their clients the highest settlements.

In a case involving an 18-wheeler the defendants could be held liable for economic and noneconomic damages. The economic damages can be medical bills, lost wages or future earnings. Non-economic damages can include pain and suffering, emotional distress, disfigurement, and reduced quality of life.

Plaintiff attorneys who litigate 18 wheeler cases work on a contingency fee basis, which means they aren't paid until they are successful and can negotiate an agreement for their client. In the meantime, they need to pay for court fees, take depositions and hire experts, other experts, 18 wheeler accident travel and pay for any other expenses required to win the case.

Damages

18-wheeler accidents can cause serious injuries, particularly when they happen at high speeds. The consequences of an accident involving an 18-wheeler could be more intense because of its weight and size. The damage can be higher.

In addition to the property and medical damages that can be caused by the crash of an 18 wheeler victims may also be eligible for compensation for the loss of their earnings and the pain caused by the loss of loved ones. If you've suffered losses as a result of a semi-truck accident A personal injury lawyer can help you determine all of the compensation you could be entitled receive.

It's no secret that litigation is expensive. Attorneys representing plaintiffs must pay for travel, depositions, expert witnesses, and court costs. They must receive the money of their clients as quickly as possible. There are a variety of ways that plaintiffs can receive their money quicker after settlement. These are referred to as post settlement advances or lawsuit loans. They are a great option for injured parties to cover expenses while waiting for their settlement.

Timeline

Many factors influence the amount of time required to settle an accident case involving a truck. The severity of your injuries is a major factor. It is important to wait until you have achieved your maximum medical improvement before making a decision on settlement. This is because you may be in a position to claim future losses such as lost wages and a decreased quality of life. Your attorney will require evidence to prove these claims.

Another reason that can delay the settlement process is a dispute between parties regarding liability or damages. This can often happen when there are several insurance companies involved or if the parties are disputing who was responsible for the incident.

A reputable truck accident lawyer will help you determine if the insurance company is providing you with an adequate amount to settle your case and whether or it will cover all of your future and current losses. If the insurance company is not willing to compromise, you may have to file a lawsuit, which can lengthen the duration of the case. In certain instances, the case could take longer than a year for the resolution.

Settlement

There are many factors that can significantly lengthen the time required for an 18 wheeler lawsuit to reach a settlement. The extent of the injuries and insurance considerations are two elements that could affect the timeframe. It could take a bit of time for your doctor's documentation to identify permanent impairments that could impact your future losses. You should never settle a claim for an accident too early, as this could leave you with no money to cover all losses.

Plaintiff attorneys who handle 18 wheeler accidents are paid contingency fees. They aren't paid until they succeed in their case or negotiate a settlement. This means that they've to pay for their own money to pay for court costs, travel and expert witness fees all during the this case.

As you can imagine, this can be quite costly. A lot of plaintiff attorneys with 18 wheels employ settlement cash advances, or lawsuit loans to pay for their out-of pocket legal expenses. This allows them to access the funds sooner.