What is the average settlement for an 18-wheeler accident
If you have recently been in a trucking accident, you need to know how much your case is worth. In order to find the average settlement in 18-wheeler accident you need to know how many cases are settled for. This depends on many factors such as the severity of injury and what type of damages the individual has incurred. An experienced 18-wheeler accident lawyer is can help you understand the damage done to your person, property and vehicle.
The amount of compensation you receive depends on many factors
Truck accidents are far more severe than car accidents. The force of the crash can send passengers flying through the air or cause them to be crushed by a truck’s weight. Even if you survive, you may suffer serious injuries from such an accident.
One of the biggest factors is how much money your insurance company will pay out. If you do not have insurance, then your compensation will be less than someone who does have insurance. Other factors include:
- The severity of your injuries
- Whether there were any other people involved in the accident and their injuries
- Whether anyone died as a result of the accident
Different states have different laws
The average settlement for a 18-wheeler accident varies from state to state. The reason for this is that each state has different laws regarding the amount of damages that can be claimed. The average settlement for an 18-wheeler accident varies depending on whether you are injured or not, how much property damage was done and if any other parties were involved in your accident. In most cases, if you are injured in an 18-wheeler accident, then you will be entitled to compensation for medical bills, pain and suffering and lost wages.
If you have lost a family member due to their negligence, then you may also be entitled to compensation for funeral costs. Some states allow victims to recover punitive damages as well as compensatory damages when it comes to an 18-wheeler accident. Punitive damages are awarded against defendants who have intentionally committed an act that shows malice or reckless disregard for safety.
The Only Guaranteed Settlement In an 18-Wheeler Accident is a Personal Injury Lawsuit
The only guaranteed settlement in an 18-wheeler accident is a personal injury lawsuit. The average settlement for an 18-wheeler accident is hundreds of thousands of dollars. But the insurance company will offer much less than what they know they will have to pay.
The only way you’ll get the full value of your case is by hiring a personal injury lawyer who knows the laws and has experience with these types of cases. They will be able to negotiate for you so that you get everything you deserve from your car wreck.
18 Wheeler Insurance Settlements and the Rule of Thumb
18 wheeler accidents have become increasingly common in the United States. Even though larger trucks are involved in less than 2% of all vehicle accidents, they account for over 10% of all fatal accidents and over 15% of all injury accidents.
The insurance companies associated with 18 wheeler accidents have developed a formula to determine liability and settlement amounts for these types of collisions. This formula is known as “the rule of thumb” and it can be found in most personal injury lawsuits involving 18 wheelers.
The rule of thumb is used by insurance attorneys when determining how much money a client will receive for their injuries as well as how much money should be paid out by an insurance company after an accident has taken place.
The formula is fairly simple, yet effective. It simply involves multiplying an injured person’s medical bills by two, then adding that amount to their lost wages and pain and suffering damages for a total claim amount (or settlement).
18 Wheel Truck Insurance Policies and Coverage Limits
Typical 18-wheeler insurance policies cover bodily injury, property damage, medical payments, collision and comprehensive coverage, uninsured motorist protection and underinsured motorist protection. The following is a brief description of each type of coverage:
- Bodily injury coverage pays for medical expenses, lost wages and pain and suffering that result from an accident caused by the truck. The maximum amount payable is typically set by state law.
- Property damage coverage pays for damage to the other driver’s car or other vehicles involved in an accident. This coverage usually includes rental car reimbursement if your vehicle is damaged beyond repair.
- Collision coverage pays for repair costs if your own vehicle is damaged in an accident with another vehicle or object.
- Comprehensive coverage pays for repairs or replacement if your vehicle is stolen or damaged by fire, vandalism or floods.
Your Share of the Settlement in an 18 Wheeler Truck Accident Claim
The first thing to consider is how much money you have lost because of the crash. If you were unable to work while recovering from your injuries, then your medical bills will be higher than if you were able to continue working.
If you were forced to take time off from school or trade school, then your future earnings will be lower than if you had been able to continue. These losses are what make up “damages” that can be recovered in an injury claim.
Damages are calculated by looking at your medical bills and any other losses you have incurred as a result of the accident. The higher your losses, the higher the amount of damages that will be awarded by the jury after trial.
Your share of a trucking accident settlement also depends on who is at fault for causing the collision. For example: If another driver was driving recklessly when he collided with your car, then he may be found 50% liable for any damages resulting from that crash.
Conclusion
While it’s overwhelmingly likely that your case will settle out of court, it’s important to secure the help of a seasoned attorney if you do decide to file a lawsuit. In fact, don’t even contact a lawyer until you’ve fully explored your injury claim with the other party’s insurance provider. Most personal injury cases are settled out of court, and there’s no reason to wager your settlement on the outcome of a drawn-out trial.
