What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is one of the most frequently asked questions by those involved in truck accidents.
The amount you receive in settlement will depend on a variety of factors. The degree of your injuries and the amount of damage you have suffered are all things to take into consideration.
What to Expect from a Settlement
There are many factors that affect the value of a truck accident settlement. These include the severity of your injuries, the amount of time it took to recover, and your lost wages. Furthermore, your attorney might consider future medical expenses should you require ongoing medical attention due to your accident. This is usually dependent on the testimony of medical doctors or other professionals. Additionally, your attorney will also consider the cost to repair or replace any property damaged in the crash.
In general the majority of cases, settlements for 18-wheeler crashes are much higher than those for normal auto accidents. 18 wheeler accident lawyer irvine is because truck accidents are more likely to result in more severe injuries than regular car accidents. It is not unusual for victims of truck accidents to suffer damages of hundreds of thousands, or even millions of dollars.
You also have the right to compensation for non-economic damages in addition to your economic losses. These are losses that aren't quantifiable but are equally important to your overall recovery. Non-economic losses can include pain and suffering and disfigurement or the loss of enjoyment from your life. Your lawyer will calculate all your losses to ensure you receive the amount you are entitled to. This can take a long time, especially when multiple parties are accountable for the accident. A New York truck accident lawyer can help you settle the claim quickly and fairly.
The Importance of Your Case
A variety of factors can affect the worth of your 18-wheeler accident case. Fault and damages are the two most important. It is crucial because it determines the amount you are eligible to receive in compensation.
In Texas, you can only get compensation if the other party was at least 50% responsible for the collision. Your attorney can make use of evidence to demonstrate that you were not as at fault as the other party. This could increase the amount of your settlement substantially.
The other major element that affects your amount of compensation is the severity of your losses and injuries. Injuries sustained in an accident with an 18-wheeler can be much more severe than those sustained in a car accident. This is due to the fact that trucks weigh more than 80k pounds, which when multiplied by the speed of travel creates much more force than a passenger vehicle can handle.
Thus the most serious injuries in an accident involving a massive truck can lead to significant or even multi-million-dollar settlements. You can recover damages not only for the medical expenses associated with your injuries, but also for the impact of the collision on your quality of life. This includes discomfort and pain and loss of enjoyment life, and loss companionship. It can be difficult to quantify these damages that are not economic however, our lawyers have years of experience creating and presenting the most convincing possible evidence of the true financial impact of your crash.
The time it takes to Receive a Settlement
When you file a personal injury claim following an accident involving an 18-wheeler, it could take longer to settle than car accidents due to the seriousness of injuries that usually occur in these accidents. Your lawyer will work closely with medical experts to determine the full extent of your injuries, including your current and future medical expenses and lost wages. Damages that are not economic, which can be difficult to quantify, will also be included in your settlement.
Your lawyer will prepare the release forms that you have to sign after the settlement has been reached. After you sign them, the insurance company processes the case and sends you a check for agreed amount. This process can take weeks or even a whole month depending on the situation.
The most significant factor in determining the time it takes to get your settlement is the proportion of blame assigned to each of the parties involved in the crash. In cases where there more than one party at fault, it may be necessary to determine who is accountable for the injuries. Your lawyer can assist you in these negotiations and assist you to negotiate an equitable settlement. If the insurance company refuses to negotiate with you, your lawyer will be able to file a lawsuit to receive a larger monetary settlement.
What Lawyers Can Do to Help
There are over 100,000 injuries caused accidents involving 18 wheelers each year and most of them result in lawsuits and settlements that can amount to millions of dollars. This is why it is a lucrative business for lawyers who specialize in settling these cases.
A trucking firm has a team of attorneys who work round all hours to reduce claims. Victims require a skilled lawyer on their side. A lawyer can help them collect evidence, discuss with insurance companies and even argue their case in court to ensure that they get the maximum settlement amount possible.
An experienced attorney will also be aware of the need to pursue other responsible parties for compensation in addition to the trucking company. This could include a car manufacturer if the crash was caused by defective or defective parts. It might also include a retailer or distributor if the truck was stolen or sold without proper inspections and maintenance.
A good lawyer will ensure that all damages are claimed accurately that includes future and past medical expenses, lost income physical damage, emotional trauma, and pain and suffering. It is important to submit your claim as soon after the accident as possible to ensure that all evidence is fresh. Waiting gives the trucking firm and their attorneys more time to prepare for trial and convince jury that the victim was responsible.