What Are the Average 18 Wheeler Settlements?

One of the most frequently asked questions that people who have been involved in truck accidents is "What is the typical settlements for 18 wheelers?"

The amount you receive as a settlement is contingent on several factors. This includes the severity of your injuries and lawyers the extent of your damages.

What to Expect from a Settlement

Many factors can affect the value of a settlement from an accident involving a truck. Some of these include the severity and length of your injuries, as in addition to the lost wages. Your attorney may take into account future medical expenses if you require ongoing treatment due to your accident. This is typically based on the evidence of medical doctors or other experts. Your lawyer will also consider the costs of repairing or replacing any property damaged in the accident.

Generally speaking the settlements of 18 wheelers are significantly higher than standard auto accident settlements. This is because truck accidents tend to result in more severe injuries than normal car crashes. It is not uncommon for the victims of truck accidents to be awarded damages of hundreds of thousands or even millions, of dollars.

You'll also be entitled to compensation for non-economic losses in addition to your economic losses. These aren't as quantifiable, but they are equally important to your recovery. For instance your non-economic losses may include your pain and suffering, loss of enjoyment of life, lawyers or even disfigurement. Your lawyer will strive to calculate all of your losses, and make sure that you get the right amount of compensation. This may take time particularly if several parties are at fault for the accident. A New York truck accident lawyer can assist you in settling your claim quickly and fairly.

The Importance of Your Case

There are many factors that affect the worth of your 18-wheeler accident case. Damages and fault are the two most significant. Fault is important because it determines the amount you are entitled to in compensation.

In Texas, you can only recover damages if the other party was at least 50 percent responsible for the collision. Your attorney can make use of evidence, however, to show that you weren't as culpable as the other party. This could greatly increase the amount of your settlement.

The severity of your injuries or losses can affect your potential payout. Injuries that result from an 18-wheeler crash could be more severe than injuries suffered in a car accident. Trucks can weigh up 80,000 pounds and the force they exert is far greater than what the average car driver can handle.

Therefore the most serious injuries in an accident involving a large truck can result in substantial or even multi-million-dollar settlements. In addition to the medical expenses of treating your injuries, you can also claim damages for the effects the crash has caused to your life quality. This includes pain and discomfort as well as loss of enjoyment from life, and loss of companionship. It is often difficult to quantify these damages, but our attorneys have vast experience in preparing and presenting the best possible evidence of the financial impact of your accident.

How is the time required to receive a settlement?

If you file a personal injury claim following an accident involving an 18 wheeler accident lawyers-wheeler, it can take longer to settle than car accidents because of the seriousness of injuries that usually accompany such crashes. Your lawyer will work closely with medical experts to determine your total damages, including both current and future medical expenses as well as lost wages. Non-economic damages, which may be difficult to calculate are also included in your settlement.

If a settlement has been reached your lawyer will draft release forms for you to sign. After you have signed them the insurance company will take care of your case and issue an amount you agreed to. The process could take several weeks or even a month depending on the circumstances.

The percentage of fault each party is accountable for in the incident will determine the time it will take to receive your settlement. In the event that there was more than one person responsible, it could be necessary to negotiate who is accountable for the injuries. Your lawyer will guide you through the negotiation process and help you negotiate a fair settlement. If the insurance company is unwilling to negotiate with you, your attorney will be ready to file a lawsuit to secure a greater monetary settlement.

How a Lawyer Can Help

There are more than 100,000 injuries resultant accidents caused by 18 wheelers each year and the majority of them result in settlements and lawsuits that could amount to millions of dollars. Lawyers who specialize in these cases make an enormous amount of dollars.

A trucking firm has a team of attorneys who work around the clock to minimize claims. Victims need an experienced lawyer by their side. A lawyer can assist victims gather evidence, negotiate their case with insurance companies and even present their case in court to obtain the highest settlement.

A lawyer with experience will know whether other individuals are liable for compensation in addition to the trucking firm. This could include a car manufacturer if the crash was caused by defective or faulty parts. It could also include a distributor or retailer if the truck was sold or stolen without proper inspections and maintenance.

An experienced attorney will ensure that the claim is made in a timely manner in relation to past and future medical expenses, lost income physical damage, emotional trauma and pain and suffering. It is crucial to make a claim as quickly as possible after the accident so that evidence is current and available. Additionally, waiting allows the trucking company and their lawyers more time to prepare for trial and convince jurors that the victim is responsible.