How Much Should You Settle for After a Truck Accident?
How much you should settle for after a truck accident depends on the fair settlement value of your case. No two cases are the same, and you likely suffered different damages and injuries than others who were hurt in similar accidents. Because of this, how much you should settle for is always dependent on the facts of your case.
To ensure you understand how much your case may be worth and the range in which a fair settlement could fall, you may want to discuss your case with a truck accident attorney who serves your area before agreeing to any settlement offer from the insurer or trucking company.
Understanding Your Losses and Other Damages
Understanding the expenses paid, losses suffered, and other damages you endured is key in establishing a fair settlement value for your truck accident case. An error that truck accident victims may make is seeing an offer from an insurance company that looks like a lot of money and accepting it without first investigating the value of their case.
This could lead to serious financial problems if the initial settlement fails to compensate you for your damages adequately. Settlement offers may come with the stipulation that you cannot sue for additional compensation later on, should you realize that you have further damages related to the accident.
When a personal injury lawyer represents a client injured in a truck accident case, they investigate not only the cause of the accident and who is at fault, but also the damages their client sustained as a result. They can document damages that include:
- Medical treatment, supportive care, and related expenses
- Lost wages and other income
- Replacement of a totaled vehicle or repairs to a vehicle
- Incidental expenses
Then, a lawyer can use your medical records and possibly expert witnesses to document:
- Likely future medical care costs
- Diminished earning ability
- Other related future expenses
A lawyer can also use their resources to put a value on your:
- Pain and suffering damages
- Other intangible losses
Alternatively, if your family member passed away from their injuries, a lawyer can document wrongful death losses as allowed under your state’s wrongful death statute.
Once your lawyer has a good understanding of the total value of your case, they can approach the insurance company for the liable party and demand a fair payout.
Negotiating a Fair Settlement in a Truck Accident Case
How much you settle for after a truck accident may determine whether you can pay all of your resulting bills and cover your accident-related losses or not. A lawyer who is familiar with recovering compensation in similar cases can help you understand more about what a fair settlement range may look like for you.
In addition, if you sign on for representation, your attorney can handle your communication with the insurance company and demand a fair settlement value of your case. This often leads to settlement negotiations where your attorney can fight for your payout.
If the insurance company refuses fair compensation during settlement negotiations, your attorney can take your case to trial. Note that the statute of limitations in your state sets a deadline for filing wrongful death and personal injury lawsuits. If you wait longer than this to sue for your damages, your lawsuit may be dismissed.
Distasio Law Firm Helps Truck Accident Victims Pursue Compensation
If you were hurt in a truck accident, Distasio Law Firm may be able to help you protect your rights and work toward recovering compensation on your behalf.
At Distasio Law Firm, we are committed to understanding the needs of our clients and the value of their losses. If a negligent trucking company injured you, we can help you pursue them for compensation for all of the damages they caused.
Distasio Law Firm handles truck collision cases on a contingency-fee basis, where you never pay anything out of your bank account to cover our attorney fees. We get paid from the compensation you recover if and when we are successful in your case.
Reach out to us today for a free, no-obligation review of your case with a member of our team. We may be able to discuss your accident, your legal options, what compensation range your damages may be worth.
Call Distasio Law Firm at (813) 259-0022 today to get started.