Ashly Ignacio asked 3 months ago
What Are the Average 18 Wheeler Settlements?
One of the most frequently asked questions that people who have been involved in truck accidents have is “What is the average 18-wheeler settlements?”
The amount you will receive as a settlement will depend on many factors. This includes the degree of your injuries and the extent of your damages.
What to Expect from the Settlement
Many factors can affect the amount of a settlement for the aftermath of a truck crash. One of them is the severity and length of your injuries, as in addition to the lost wages. Your lawyer might take into account future medical expenses if you are required to continue treatment because of your accident. This is often based on the testimony of doctors or other health experts. Your attorney will also consider the costs of repairing or replacing any property damaged by the accident.
In general the case of 18 wheeler accident attorneys-wheeler accidents, settlements are significantly higher than those for auto accidents of a normal nature. This is because truck accidents tend to cause more serious injuries than normal car crashes. It is not unusual for victims of truck accidents to receive damages in the hundreds of thousands or even millions of dollars.
You’ll also be entitled to damages for non-economic damage in addition to your economic losses. These are losses that aren’t quantifiable but are equally important to your overall recovery. Non-economic losses could include pain and suffering, disfigurement, or loss of enjoyment in your life. Your lawyer will assess all your losses in order to ensure that you get the compensation you are due. This may take some time particularly if several parties are accountable for the accident. However, a skilled New York truck accident attorney can assist you in settling your claim quickly and in a fair manner.
What is the significance of Your Case?
Many factors affect the value of your 18 wheeler accident case. Two primary ones are fault and damages. Fault is important because it determines the amount you are able to receive in compensation.
In Texas, you are only entitled to compensation if the driver who caused the accident was at least 50% responsible for your accident. Your attorney can make use of evidence, however, to prove that you weren’t equally responsible as the other party. This could greatly increase the amount of your settlement.
The extent of your losses or injuries can affect your potential payout. The injuries you suffer in the event of a collision with an 18-wheeler are typically greater than those you sustain in a typical car accident. This is due to the fact that trucks weigh more than 80,000 pounds. This, when multiplied by the speed of travel results in far more force than a passenger vehicle is able to withstand.
The most serious injuries that occur in an accident involving a huge truck could lead to settlements of several million dollars or more. In addition to the medical expenses of treating your injuries, you may also claim damages for the effect the accident has caused to your quality of life. This includes pain and discomfort and loss of enjoyment life, and loss of companionship. It is often difficult to quantify these non-economic damages however, our lawyers have vast experience in creating and presenting the most convincing possible evidence of the true financial impact of your accident.
The time it takes to Receive a Settlement
When you submit a personal injury claim following an accident with an 18 wheeler accident lawyer-wheeler vehicle, it can take longer to settle than car accidents because of the seriousness of injuries that usually accompany these crashes. Your attorney will work with medical experts to determine the complete extent of your injuries, including both current and future medical expenses as well as loss of wages. Your settlement will also include non-economic damages that are difficult to calculate.
If a settlement has been reached the lawyer will prepare release forms for you to sign. After you have signed them the insurance company will process your case and issue an amount agreed upon. The process could take from between a few weeks and up to a month for many reasons, including clerical errors and delays in the mail system.
The percentage of fault each party is responsible for in the accident will determine the time it will take to receive your settlement. In the event that more than one party was responsible and the parties could have to negotiate over who is accountable for your injuries. Your lawyer will guide you through the negotiation process and assist to reach a fair settlement. If the insurance company refuses to negotiate with you, then your attorney will pursue a lawsuit for an increase in settlement.
What Lawyers Can Do to Help
Over 100,000 accidents involving 18-wheelers lead to injuries each year. Many of these accidents lead to settlements or lawsuits in the millions of dollars. This is a huge business for lawyers who specialize in litigating these cases.
Trucking companies have whole teams of lawyers working throughout the day and night to limit claims, which is why victims should have an experienced lawyer on their side. A lawyer can help them collect evidence and negotiate with insurance companies and even argue their case in court to ensure they receive the highest settlement possible.
A lawyer with experience can determine if other parties are responsible for compensation in addition to the trucking firm. It could be the car manufacturer or the manufacturer if the accident was due to defective or faulty components. This could also include a retailer, distributor or manufacturer if the truck has been sold or stolen without proper maintenance or inspections.
An experienced attorney will make sure the damages are correctly claimed including past and future medical expenses loss of income and property damage, as well as emotional trauma, and other expenses. It is crucial to submit your claim as soon after the incident as you can so that all evidence is still fresh. Also, waiting gives the trucking company and their team of lawyers time to prepare for trial and convince a jury that the victim was responsible.