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

The time needed to settle a trucking accident instance can vary from case to case. The time frame for settlement could be affected by several factors.

It can take some time to determine who is accountable for an accident. An attorney can help determine the responsible parties and maximize the settlement.

What to Expect

The timeline for a settlement in a lawsuit involving an 18-wheeler is based on a variety of factors, including the possibility of liability and damages. If the participants in the crash are unable to reach an agreement on the who is at fault, it could delay the trial. Additionally, if there are any disagreements about witness testimony or evidence or testimony, it could take more time to solve these issues.

Based on the severity of the injuries, the amount of the insurance policy of the trucking company and the existing state or federal regulations governing commercial vehicles settlement amounts can be wildly different. It's important to remember that plaintiff lawyers work on a contingency fee basis, which means they don't receive compensation unless they win or settle a case.

Because of the severe and often fatal injuries that result from accidents involving semi-trucks, it's no surprise that these cases are lucrative for the lawyers who represent them. Settlements can reach millions of dollars in these cases. This is particularly true when the trucking firm has been found to be negligent.

Liability

Every year, there are more than 100,000 accidents involving 18 wheelers across the United States. Many of these truck accidents result in serious injuries or even death. Often, insurance companies will reduce the victims of these accidents by offering settlements that do not reflect the extent of their injuries and the damages. However, a skilled 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 a case involving an 18-wheeler the defendants could be held liable for non-economic and economic damages. The economic damages can be medical bills, lost wages or future earnings. Non-economic damages may include suffering and pain as well as emotional distress, disfigurement, and diminished quality of life.

Plaintiff attorneys who handle 18 wheeler cases work on a contingency fee basis, meaning that they aren't paid until they win their case and reach a settlement for their client. In the meantime, they must cover court costs, take depositions and hire experts, other specialists, travel, and pay for any other expenses associated with winning the case.

Damages

18-wheeler accidents can result in serious injuries, particularly when they occur at a high speed. The effects of an 18-wheeler collision is more than normal due to its weight and size. The damages could also be greater.

In addition to the property and medical damages that can be caused by an 18-wheeler accident victims may also be eligible for compensation for lost wages and the grief caused by the loss of loved ones. A personal injury lawyer can help you determine the amount of compensation you are entitled to if you are suffering losses as a result of the crash of a semi-truck.

It's not a secret that litigation is expensive. Plaintiff attorneys need to pay for things like travel for 18 wheeler accident attorney depositions, travel to court, hire expert witnesses, and cover costs for court, so they need their clients' money as fast as they can. There are a variety of ways that plaintiffs can receive their funds more quickly after a settlement. These are known as post settlement advances or lawsuit loans. These are a great way for injured parties to cover expenses while waiting for their settlement.

Timeline

There are a myriad of elements that determine the time it takes to settle a truck accident case. The most important factor is the severity of your injuries. It is crucial to wait until you've reached the point of maximum medical improvement before settling. You may be able to claim future losses, like reduced wages or a decrease in the quality of living. Your attorney will need to provide evidence to support your claims.

Another factor that can lengthen the settlement process is a dispute between parties over liability or damages. This can occur when multiple insurance companies are involved, or the parties disagree about who is at fault.

A reputable lawyer for truck accidents will help you determine if the insurance company is offering you an acceptable amount for your claim and whether or it will be able to cover all of your future and current losses. If the insurance company is unwilling to negotiate, it may be necessary to file a lawsuit which can extend the time frame for the case. In certain situations, it could take up to a year or more finish the case.

Settlement

There are a few factors that could cause an extended time to settle a 18 wheeler accident law firm-wheeler lawsuit. The degree of the injuries and insurance considerations are two of the factors that could affect the timeframe. It may also take a while for your doctor to submit documentation of permanent impairments that could affect your future losses. It is not advisable to settle an accident claim too soon as this can leave you without a sufficient amount to cover your full range damages.

Plaintiff attorneys who litigate 18 wheeler crashes work on contingency fees and don't get paid until they prevail or reach a settlement. They are responsible for court costs as well as travel expenses and expert witness fees during the course of a case.

As you could imagine, this can add up quite a bit. A lot of plaintiff attorneys with 18 wheels make use of settlement cash advances or lawsuit loans to pay for their legal expenses out of pocket. This lets them receive the funds earlier.