What Are the Average 18 Wheeler Settlements?
The average settlement for 18-wheelers is among of the most frequently asked queries by those involved in truck accidents.
The amount you will receive in settlement depends on a number of factors. The extent of your injuries and the extent of the damages you have suffered are all things to take into consideration.
What to Expect from the Settlement
Many factors can affect the value of a settlement for an accident involving a truck. Some of these include the severity of your injuries, the amount of time it took to heal, as well as your lost wages. Additionally, your attorney may factor in future medical expenses should you require ongoing medical treatment because of your accident. This is typically based on the evidence of doctors or other medical experts. In addition, your lawyer will also look at the cost to repair or replace any property that was damaged in the crash.
In general, settlements for 18-wheeler accidents are much higher than those for normal auto accidents. This is due to the fact that truck accidents are more likely to result in more severe injuries than regular car accidents. It is not uncommon that victims receive hundreds of thousands or even millions of dollars in damages total.
In addition to the economic losses, you will also be entitled to compensation for non-economic losses. These are less quantifiable losses, but they are equally important to your recovery. For example, your non-economic losses might include your pain and suffering and loss of enjoyment life, or disfigurement. Your lawyer will calculate all your losses to ensure that you receive the amount you are entitled to. This may take some time particularly when multiple parties are involved in the accident. However, a skilled New York truck accident attorney can assist you in settling your claim quickly and in a fair manner.
The Value of Your Case
There are many factors that affect the value of your 18-wheeler accident case. Two primary ones are fault and damages. It is crucial to be able to identify fault, as it determines the amount of compensation you're entitled to.
In Texas In Texas, you're only entitled to compensation if the driver who caused the accident was at minimum 50% responsible for the collision. However, your attorney can utilize evidence to prove the other party was much more responsible than you were. This could greatly increase the amount of your settlement.
The severity of your injuries or losses will also affect your potential payout. Injuries sustained in a collision with an 18-wheeler are often more serious than injuries sustained in a car accident. This is due to the fact that trucks weigh more than 80,000 pounds, which multiplied by the speed of travel produces far more force than a typical passenger vehicle can endure.
Therefore, the most serious injuries in an accident involving a massive truck can lead to significant or even multi-million dollar settlements. In addition to the medical expenses of treating your injuries, you could also recover damages for the effect the accident has affected your quality of life. This includes pain and suffering and loss of enjoyment of life and loss of companionship as well as other aspects. 18 wheeler accident lawsuit oregon is often difficult to quantify these non-economic damages however our attorneys have years of experience in making and presenting the strongest possible evidence of the financial impact of your crash.
The Time It Takes to Receive an Settlement
If you make a claim for personal injury after an accident with an 18-wheeler, it could take longer to settle than car accidents because of the severity of injuries that typically accompany such crashes. Your attorney will work closely with medical professionals to determine your full injuries, including your current and future medical expenses as well as lost wages. Non-economic damages, which may be harder to calculate are also included in the settlement.
Your lawyer will draft the forms for release that you need to sign when an agreement has been reached. After you sign them, the insurance company processes your case and issue a check for agreed amount. The process can take anywhere from up to up to a month for many reasons, such as clerical errors and delays in the mail system.
The percentage of fault that each party has in the incident will determine the time it will take to get your settlement. In cases where there more than one party at fault, it may be necessary to negotiate who is responsible for the injuries. Your lawyer will be able to guide you through the process and help you achieve a fair settlement. If the insurance company is unwilling to negotiate with you, your attorney will be ready to file a lawsuit to obtain a higher monetary settlement.
How a Lawyer can Help
Over 100,000 accidents that involve 18-wheelers cause injuries each year. Many of these accidents lead to lawsuits or settlements worth millions of dollars. Lawyers who specialize in these cases earn a lot of money.
Trucking companies have whole teams of lawyers working all 24/7 to reduce claims, which means that victims need to have an experienced lawyer at their side. A lawyer can help victims collect evidence and negotiate their case with insurance companies and even argue in court for the highest settlement.
An experienced lawyer will know if other parties are liable for compensation in addition to the trucking company. This could include a vehicle manufacturer if the crash was caused by defective or faulty components. 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 for past and future medical costs, lost incomes damages to property, emotional trauma, and suffering and pain. It is essential to submit a claim as soon as you can following the accident to ensure that evidence is fresh and available. Waiting gives the trucking firm and their attorneys more time to prepare for the trial and convince a juror that the victim was at fault.