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

The time required to settle a truck crash situation varies from case to the next. There are many factors that could affect the time frame of settlement.

It could take some time to determine who is accountable for an accident. A lawyer can assist in identifying all parties responsible and help maximize the settlement.

What to Expect

The time frame for settling in an 18 wheeler lawsuit is dependent on many factors which include the liability and damages. The case could be delayed if parties to the collision are not able to reach an agreement on who is responsible. Additionally, if there are any disputes over witnesses' testimony or evidence, it may take more time to solve these issues.

Settlement amounts can differ greatly according to the severity of injuries, the insurance policy of the trucking firm and the state or federal regulations that govern commercial vehicles. Keep in mind that plaintiff attorneys are paid on the basis of contingency. This means that they are not paid until they win a case or reach a settlement.

It's not surprising that semi-truck accidents are a lucrative business for lawyers. In this way, it's not common for settlements in these cases to reach millions of dollars or more. This is particularly true when the trucking company is found to be negligent.

Liability

In the United States, there are more than 100,000 accidents per year that involve 18-wheelers. Many of these accidents result in serious injuries and even death. Insurance companies often underestimate the damage and injuries suffered by victims in these accidents. However, a good 18 wheeler accident attorney can even the playing field and negotiate with these big insurance companies to ensure that they offer their clients the maximum settlements.

In an 18-wheeler lawsuit the defendants could be held accountable for non-economic and economic damages. Economic damages could include medical bills, wages lost and 18 wheeler accident attorney future earnings. Non-economic damages can include suffering and pain and emotional distress, disfigurement, and diminished quality of living.

Plaintiff attorneys who handle 18 wheeler cases are paid on a contingency basis, meaning that they aren't paid until they succeed in their case and negotiate an agreement with their client. In the meantime, they have to pay for court costs, conduct depositions and hire experts, other specialists, travel and pay for other expenses required to win the case.

Damages

18-wheeler accidents can result in serious injuries, particularly if they happen at high speeds. Due to the size and weight of these trucks, the impact can be even more severe than a typical motor vehicle crash. This means that damages can be greater as well.

In addition to medical and property damages that can result from a collision with an 18-wheeler victims could be able to claim compensation for the loss of earnings and grief caused by the loss of loved ones. If you have experienced loss as a result of a semi truck accident, a personal injury lawyer can help you determine all of the compensation you may be entitled to receive.

It's not a secret that litigation is expensive. Plaintiff attorneys need to pay for things like travel, take depositions, hire experts as witnesses, and pay costs for court, so they must receive their clients' money as fast as possible. There are a variety of ways plaintiffs can get their money faster after a settlement. These are referred to as post settlement advances or lawsuit loans. These are an excellent way for injured parties to cover expenses while waiting on their settlement.

Timeline

A variety of factors affect the time required to settle a case that involves the truck. The severity of your injuries is a major factor. It is crucial to wait until you've reached the point of maximum medical improvement before you settle. You may be able claim future losses, including lost wages or diminished quality of life. Your lawyer will have to prove your claims.

A dispute between two parties over the liability of either party can delay the settlement process. This can happen when there are multiple insurance companies involved or when the parties disagree on who was at fault for the accident.

A qualified truck accident attorney will help you determine if the insurance company is willing to pay an adequate amount and whether it will be able to cover your future and current damages. If the insurance company is not willing to negotiate, you might require a lawsuit and this can extend the duration of the lawsuit. In some instances it could take more than a year to settle.

Settlement

There are several things that can dramatically extend the timeline it takes for an 18 wheeler lawsuit to reach a settlement. The severity of the injuries as well as insurance considerations are two of the factors that can impact the timeline. It may also take some time for your doctor's documentation to demonstrate permanent impairments, which could affect your future losses. It is important that you never settle your accident claim in a hurry, as it may result in you not receiving the funds you'll need to recuperate your full range of injuries.

Attorneys representing plaintiffs in cases involving 18 wheeler-related accidents work on contingency fee and don't get paid until they win their case or reach a settlement. This means they have to invest their own money to cover court costs, travel, and expert witness fees all during the course of this case.

As you are able to imagine, this can be quite costly. A lot of 18 wheeler accident attorney wheeler plaintiff lawyers make use of post-settlement advances (also called settlement cash advances) to pay for the legal costs they incur out of pocket to get the money they're owed sooner.