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What Are the Average 18 Wheeler Settlements?
One of the most commonly asked questions that people who have been involved in truck accidents have is "What is the average settlements for 18 wheelers?"
The amount you receive in settlement is contingent on a variety of factors. This includes the extent of your injuries and the severity of your injuries.
What to Expect From a Settlement
A variety of factors can impact the value of a settlement for a truck accident. Some of these include the severity of your injuries, the length of time it took to recover, and your lost wages. Additionally, your attorney may include future medical expenses in the event that you require ongoing medical attention due to your accident. This is typically determined by the testimony of doctors or other medical experts. Your lawyer will also take into account the cost of repairing or replacing any property damaged by the accident.
In general, 18 wheeler settlements are considerably higher than standard auto accident settlements. Truck accidents are more likely to cause serious injuries than car accidents. It is not uncommon for the victims of truck accidents to incur damages of hundreds of thousands or even millions of dollars.
In addition to the economic losses, you will also be entitled to compensation for your non-economic damages. These are losses that aren't quantifiable but are equally important to your overall recovery. Non-economic losses can include suffering and pain, disfigurement, or loss of enjoyment of your life. Your lawyer will be diligent to determine all of your losses and ensure that you are compensated appropriately. This can take time particularly when multiple parties are involved in the accident. A New York truck accident lawyer can help you settle the case quickly and fairly.
The Benefits of Your Case
A variety of factors can affect the worth of your 18-wheeler accident case. Two of the most important are the fault and damages. The issue of fault is significant, since it determines the amount of compensation you are entitled to.
In Texas in Texas, you are able to recover damages if the other party was at least 50 percent responsible for the accident. Your attorney may use evidence to prove that you were not as culpable as the other party. This could significantly increase the amount of your settlement.
Another major factor that influences your potential payout is the severity of your injuries and losses. The injuries you sustain in an accident involving an 18-wheeler can be greater than those you sustain in a typical car accident. This is because trucks weigh more than 80,000 pounds. This, when multiplied by the speed of travel creates far more force than a typical passenger vehicle can endure.
Therefore, the most serious injuries sustained in an accident involving a huge truck can result in substantial or even multi-million dollar settlements. You may be able to recover damages not only for the medical expenses associated with your injuries but also for the impact of the crash on your quality-of-life. This includes suffering and loss of enjoyment of life and companionship loss as well as other aspects. It can be difficult to quantify these damages that are not economic, but our attorneys have years of experience creating and presenting the most convincing evidence possible of the financial impact of your accident.
The Time It Takes to Receive a Settlement
If you file a personal injury claim following an accident involving an 18-wheeler vehicle, it can take longer to settle than car accidents due to the nature of the injuries that commonly occur in these accidents. Your lawyer will work with medical professionals to determine your full injuries, including current and future medical costs and lost wages. 18 wheeler accident lawyer reading that are not economic, which can be more difficult to calculate, will also be included in your settlement.
Once a settlement is reached, your lawyer will prepare release forms for you to sign. Once you have signed them the insurance company will review your case and issue an amount you agreed to. The process can take anywhere from between a few weeks and a month or more for several reasons, including clerical errors and delays in the mail system.
A major factor in determining how long it takes to receive your settlement is the percentage of fault assigned to each party involved in the crash. If more than one person was at fault and the parties could have to negotiate about who is responsible for your injuries. An experienced attorney can assist you in these negotiations and help reach an equitable settlement. If the insurance company refuses to bargain with you, your attorney will make a claim to secure a larger settlement.
How can a lawyer help?
Over 100,000 accidents involving 18-wheelers cause injuries every 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.
A trucking firm has a team of lawyers who work round the clock to minimize claims. Victims need an experienced lawyer by their side. A lawyer can assist victims gather evidence to support their case, negotiate with insurance companies and even appear in court to get the highest settlement.
An experienced lawyer will know whether other individuals are liable for compensation, in addition to the trucking company. This could include a vehicle manufacturer when the accident was caused by defective or damaged components. It could also be a distributor or retailer if the truck was sold or stolen without proper inspections and maintenance.
A reputable attorney will ensure that all damages are properly claimed for past and future medical costs, lost incomes and property damage, as well as emotional trauma, and suffering and pain. It is important to submit a claim as soon as possible following the incident so that evidence is current and available. The delay gives the trucking company and their attorneys more time to prepare for a trial and convince a juror that the victim was at fault.