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

The time required to settle a truck accident situation varies from case to the next. The timeline for settlement can be affected by a number factors.

For instance, it may take some time to determine who is liable for the accident. A lawyer can assist in identifying the parties responsible and maximize the settlement.

What to Expect

The timeline for a settlement of an 18-wheeler lawsuit depends on a myriad of factors, including the amount of liability and damages. The case can be delayed if the parties involved in the collision cannot agree on fault. If there is disagreement over the evidence or testimony of witnesses, this can delay the proceedings.

Settlement amounts can vary greatly dependent on the severity of injuries, the insurance policy of the trucking firm and the federal or state regulations that govern commercial vehicles. Keep in mind that plaintiff attorneys are paid on the basis of a contingency. This means that they do not get paid until they have won a case, or reached an agreement.

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

Liability

In the United States, there are more than 100,000 crashes each year that involve 18-wheelers. Many of these crashes result in serious injuries or even death. In many cases, insurance companies reduce the victims of these accidents by offering settlement offers that don't reflect the full extent of their injuries and the damages. A reputable 18 wheeler accident lawyer can negotiate with large insurance companies to secure the most favorable settlement for their clients.

In a case involving an 18-wheeler, the defendants may be held liable for non-economic and economic damages. Economic damages could be a result of medical bills, lost wages and future earnings. Non-economic damages could include emotional distress, disfigurement or diminished quality of life.

Plaintiff attorneys who litigate in 18 wheeler cases are paid on a contingent basis. This means that they don't receive compensation until their case is settled and they agree to a settlement with their client. They must pay court costs and hire experts, as well as other specialists, travel and other expenses that go along in winning the case.

Damages

18 wheeler accidents can result in serious injuries, 18 wheeler accident law firm particularly if they are high-speed crashes. Due to the size and weight of these trucks, the impact could be more severe than a typical motor vehicle crash. The damages could also be higher.

In addition to the medical and property damage that can result from an 18-wheeler accident victims may also be eligible for compensation for lost wages as well as the grief caused by the loss of a loved one. If you have experienced losses as a result of a semi-truck accident, a personal injury attorney can help you determine the amount of the compensation you could be entitled to receive.

It's not a secret that litigation can be costly. Plaintiff attorneys must pay for depositions, travel, expert witnesses and court costs. They must receive the money of their clients as quick as possible. There are many ways that plaintiffs can receive their money more quickly after a settlement. These are called post settlement advances, lawsuit loans, or settlement cash advances. These are an excellent option for injured parties who need to pay for their expenses while they await their settlement.

Timeline

There are a variety of elements that determine the time it takes to settle a truck accident case. One of the most important factors is the severity of your injuries. It is important to wait until you've reached the point of maximum medical improvement before making a decision to settle. This is because you may be able to claim future losses such as lost wages or a diminished quality of life. In addition, your attorney will require evidence to prove these claims.

Another reason that could delay the process of settlement is a dispute between two parties regarding liability or damages. This can occur when multiple insurance companies are involved or the parties do not agree on who is at fault.

A reputable truck accident attorney can assist you in determining whether the insurance company offers you a fair amount and if it will cover future and present damages. If the insurance company is unwilling to negotiate, it may be necessary to file a lawsuit that could extend the duration of the case. In some instances the case could take more than a full year to resolve.

Settlement

There are a few factors that can cause the longest time to settle an 18-wheeler lawsuit. The extent of the injuries and insurance considerations are two factors that could affect the timeframe. It can take a while for your doctor to provide documentation of permanent impairments that could affect your future losses. Do not settle a claim for an accident too quickly as it may result in you not having enough money to cover your full range damage.

Attorneys representing plaintiffs in cases involving 18 wheeler accidents are paid contingency fees. They don't get paid until they prevail or reach a settlement. This means they've had to spend their own money to cover the costs of court, travel, and expert witness expenses during the this case.

As you could imagine, this can be quite costly. Many 18 wheeler accident lawyers wheeler accident law firm (Recommended Reading) wheeler plaintiff attorneys use post settlement advances (also known as settlement cash advances) to pay for their out-of-pocket legal expenses to be able to collect the money they owe sooner.