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

The time required to settle a trucking accident situation can differ from case to case. There are many factors that could affect the speed of settlement.

For instance, it may take a while to determine who is accountable for the accident. A lawyer can help identify all the liable parties and maximize your settlement.

What to Expect

The time frame for settling in an 18 wheeler lawsuit depends on a variety factors such as liability and damages. If the participants in the crash are unable to come to an agreement regarding responsibility, this could greatly delay the proceedings. Additionally, if there are any disputes over witness testimony or evidence or testimony, it could take more time to solve these issues.

Settlement amounts can be wildly different in proportion to the severity of injuries and the insurance policy of the trucking company, and the existing laws and regulations of the federal or state that govern commercial vehicles. Remember that plaintiff attorneys are paid on an on a contingency basis. This means that they are not paid until they are successful in a case or agree to a settlement.

Because of the severe and often catastrophic injuries that result from semi-truck accidents, it's not surprising that these cases are a huge business for the attorneys who litigate them. 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 deemed negligent.

Liability

Every year, there are more than 100,000 accidents involving 18 wheelers in the United States. A lot of these truck accidents cause serious injuries and even death. In many cases, insurance companies make it difficult for victims of these accidents with settlement offers that don't reflect the extent of their injuries and the damages. However, a reputable 18 wheeler accident attorney can level the playing field and negotiate with these massive insurance companies in order to obtain their clients the most lucrative settlements.

The defendants in a lawsuit against an 18-wheeler could be held accountable for various damages including economic and non-economic damages. The economic damages can be medical expenses, lost wages and future earnings. Non-economic damages include pain and suffering as well as emotional distress, disfigurement, and a diminished quality of life.

Plaintiff attorneys who handle 18 wheeler cases work on a contingency fee basis, meaning that they don't receive any money until they are successful and can negotiate a settlement for their client. In the meantime, they need to pay for court costs, conduct depositions and hire experts, other specialists, travel, and pay for other costs required to win a case.

Damages

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

In addition to medical and property damage that could result from a 18-wheeler crash, victims may also be entitled to compensation for the loss of wages and grief due to the loss of a loved. A personal injury lawyer can help determine the maximum amount of compensation you are entitled to when you are suffering losses as a result of an accident involving a semi-truck.

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

Timeline

A variety of factors affect the amount of the time it takes to settle an accident case with trucks. The severity of your injuries is the primary factor. It is crucial to wait until you've reached the point of maximum medical improvement before making a decision on settlement. You may be able claim future losses, like reduced wages or a decrease in the quality of living. Your attorney will need to prove your claims.

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

A qualified truck accident lawyer will help you determine if the insurance company is providing you with a fair amount to settle your case and whether or not it will cover all of your current and future losses. If the insurance company is not willing to negotiate, you could have to file a lawsuit, which can lengthen the timeline of the case. In certain cases the case could take longer than a full year to resolve.

Settlement

There are many things which can significantly extend the time it takes for an 18 wheeler lawsuit to reach a settlement. This is due to the severity of the injuries and the insurance considerations that are involved. It may also take some time for your doctor's documentation to show permanent impairments which could affect your future losses. Don't settle an accident claim too quickly as it may leave you without money to cover your full range losses.

Attorneys representing plaintiffs who litigate in 18-wheeler accidents are compensated on a contingency basis and are not paid until they win or 18 wheeler accident agree to a settlement. They are required to pay court costs and travel expenses as well as expert witness fees throughout the course of the case.

As you can imagine this can add up to a amount. A lot of 18 wheeler plaintiff lawyers use post settlement advances (also called lawsuit loans or settlement cash advances) to cover their legal expenses out of pocket so that they can get the money they owe sooner.