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

The amount of time required to settle a trucking accident case can vary from case to case. The length of time for settlement may be affected by a variety of factors.

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

What to Expect

The time frame for settlement of a lawsuit against an 18-wheeler depends on a myriad of factors, including the possibility of liability and damages. If the parties involved in the collision are unable to reach an agreement about fault, this can greatly delay the proceedings. If there is a dispute over the credibility of witnesses or evidence of witnesses, this could delay the proceedings.

Settlement amounts can be wildly different dependent on the severity of injuries and the insurance policy of the trucking firm, and the existing laws and regulations of the federal or state that govern commercial vehicles. Remember that plaintiff attorneys are paid on the basis of a contingency. This means that they don't get paid until they have won a case, or reached an agreement.

Because of the severe and often catastrophic injuries that result from semi-truck accidents, it's not a surprise that these cases are huge business for attorneys who handle them. Settlements often amount to millions of dollars in these cases. This is especially true when the trucking company is found to be negligent.

Liability

In the United States, there are more than 100,000 accidents each year that involve 18-wheelers. Many of these crashes result in serious injuries or death. Insurance companies tend to undervalue the injuries and damages of victims in these accidents. However, an experienced attorney for accidents involving 18 wheels can even the playing field and negotiate with these massive insurance companies to secure their clients maximum settlements.

The defendants in a case involving an 18 wheeler could be held responsible for a variety of damages, including economic and non-economic damages. Economic damages can include medical bills, lost wages, and future earnings. Non-economic damages may include pain and suffering, emotional distress, disfigurement and reduced quality of life.

Plaintiff attorneys who handle 18 wheeler cases work on a contingency fee basis, which means they don't get paid until they are successful and can negotiate a settlement for their client. In the meantime, they have to pay for court costs, conduct depositions, hire experts and other experts, travel and pay for other costs associated with winning a case.

Damages

18 wheeler accident law firm wheeler accidents can cause serious injuries, particularly when they're high-speed accidents. The consequences of an accident involving an 18-wheeler is more severe due to its weight and size. The damage can be more extensive.

In addition to the medical and property damages that can be caused by an 18 wheeler accident lawsuits-wheeler crash victims can also claim compensation for their lost wages and the grief caused by the loss of loved ones. If you have experienced losses in a semi truck accident, a personal injury lawyer can assist you in determining all of the compensation that you could be entitled receive.

It's no secret that litigation is expensive. Plaintiff attorneys must pay for things like travel to take depositions, pay experts to testify, and pay for court costs, so they must receive their clients' money as fast as possible. There are a variety of ways plaintiffs can receive their funds more quickly after a settlement. These are known as post settlement advances or lawsuit loans. These are an excellent way for injured parties to cover costs while waiting for their settlement.

Timeline

Many factors influence the amount of the time it takes to settle an accident case that involves a truck. One major factor is the severity of your injuries. It is important to wait until you have reached your maximum level of medical improvement before making a decision to settle. You may be able to claim future losses, for example, loss of wages or a lower standard of living. Your lawyer will have to provide evidence to support your claims.

A dispute between the parties regarding the amount of liability or damages can delay the settlement process. This can happen when multiple insurance companies are involved or the parties are not able to agree on who was at fault.

A qualified attorney for truck accidents can help you determine whether the insurance company provides you with an adequate amount and whether it will be able to cover your future and current damages. If the insurance company is not willing to negotiate, you could have to file a lawsuit that could prolong the duration of the lawsuit. In some cases the case could take longer than a year for the resolution.

Settlement

There are a few elements that can cause a long time to settle a lawsuit involving an 18-wheeler. This is due to the severity of the injuries and the insurance concerns involved. It can also take time for your doctor to provide evidence of permanent impairments that could affect your future losses. It is vital to never settle your accident claim too early because it could result in you not receiving the funds you'll need to cover the full extent of your damages.

Attorneys representing plaintiffs in cases involving 18 wheeler crashes work on contingency fees. They don't get paid until they prevail or 18 Wheeler Accident Lawsuits reach a settlement. This means they have to pay for their own money to cover court costs, travel and expert witness expenses during the this case.

As you might imagine, this could add up quite a bit. Many 18 wheeler plaintiff attorneys use post settlement advances (also known as settlement cash advances) to help offset their out-of-pocket legal expenses to be able to collect the money they are owed sooner.