What Are the Average 18 Wheeler Settlements?

The average settlement for 18-wheelers is one of the most frequently-asked questions by people involved in truck accidents.

The amount that you receive as a settlement will depend on several aspects. The extent of your injuries and the amount of damage you've suffered are all things to take into consideration.

What to Expect from a Settlement

There are many factors that can affect the value of a settlement from an accident with a truck. Some of these factors include the severity and duration of your injuries, as well as your lost wages. Furthermore, your attorney might take into account future medical costs should you require regular treatment following your accident. This is typically based on medical experts' testimony or other health care professionals. Your lawyer will also consider the cost of replacing or repairing any property damaged in the accident.

In general the case of 18-wheeler accidents, settlements are much higher than those for standard auto accidents. Truck accidents are more likely to cause severe injuries than car accidents. It is not uncommon for victims of truck accidents to receive damages of hundreds of thousands, or even millions of dollars.

You'll also be entitled to compensation for non-economic damages in addition to your economic losses. These are less measurable losses but are equally important to your overall recovery. Non-economic losses include pain and suffering, disfigurement, or the loss of enjoyment from your life. Your lawyer will calculate all your losses to make sure you receive the amount you are entitled to. This may take time particularly if several parties are accountable for the incident. However, a knowledgeable New York truck accident attorney can help you settle your claim quickly and in a fair manner.

The Value of Your Case

A variety of factors can affect the value of your 18-wheeler accident case. Fault and damages are the two most important. The importance of fault is that it determines the amount you are eligible to receive in compensation.

In Texas In Texas, you're able to be awarded damages if the other party was at least 50 percent accountable for the collision. However, your lawyer can make use of evidence to prove that the other party was much more responsible than you were. This could greatly increase the amount of your settlement.

The other main factor that influences your potential settlement is the severity of your losses and injuries. The injuries sustained in an accident with an 18-wheeler can be much more serious than injuries sustained in a car crash. This is because trucks weigh more than 80k pounds, which when multiplied by the speed of travel produces much more force than a typical passenger vehicle is able to withstand.

Therefore the most serious injuries that occur in an accident involving a huge truck can result in substantial or even multi-million dollar settlements. In addition to the medical expenses of treating your injuries, it is possible to also seek compensation for the effect the accident has had on your quality of life. This includes pain and attorneys discomfort and loss of enjoyment in life, and loss of companionship. These non-economic damages are often difficult to quantify, but our lawyers can help you create and present the most convincing evidence possible of the true financial impact.

The Time It Takes to Receive the Settlement

It may take longer for an injury claim to be settled after an accident that involved an 18-wheeler due to the seriousness and the frequency of injuries. Your attorney will work with medical experts to determine the total extent of your injuries, including the future and present medical expenses and loss of wages. Damages that are not economic, which can be difficult to quantify are also included in the settlement.

Your lawyer will draft the release forms you'll need to sign after the settlement has been reached. Once you have signed them the insurance company will process your case and issue a check for the amount that you have agreed to. The process could take from between a few weeks and at least a month due to a variety of reasons, such as clerical errors and delays in the mail system.

The percentage of fault each party carries in the accident will determine the time it will take to receive your settlement. In the event that there more than one party at fault, it may be necessary to negotiate who is accountable for the injuries. Your knowledgeable attorney will be able to guide you through the process and help you achieve an equitable settlement. If the insurance company refuses to negotiate with you, your lawyer will be able to file a lawsuit in order to secure a greater monetary settlement.

How can a lawyer assist

Over 100,000 accidents involving 18 wheeler accident law firms-wheelers result in injuries each year. Many of these accidents lead to settlements or lawsuits that amount to millions of dollars. This makes it big business for lawyers who specialize in settling these cases.

Trucking companies have whole teams of attorneys working throughout the day and night to limit claims, so victims must have an experienced lawyer at their side. A lawyer can assist victims gather evidence and negotiate with insurance companies and even appear in court to obtain the maximum settlement.

A lawyer with experience will know whether other individuals are liable for compensation in addition to the trucking firm. This could include a vehicle manufacturer when the accident was caused by defective or defective parts. This could also include a retailer, distributor or manufacturer if the vehicle was stolen or sold with no proper maintenance or inspections.

A good attorney will ensure that the damages are accurately claimed in relation to past and future medical costs, lost incomes physical damage, emotional trauma and pain and suffering. It is crucial to make your claim as quickly after the accident as you can to ensure that all evidence is fresh. The delay gives the trucking company and their attorneys more time to prepare for trial and convince jury that the victim was at fault.