What Is the Average Settlement for a Truck Accident?
An average settlement for a truck accident would not be an accurate look at what you might be able to recover based on the facts of your claim. This is because there is no average truck accident. Every claim involves different injuries, different treatments, and other unique factors. The recoverable damages and resulting settlement can vary widely from one accident to the next, even if they both occurred under similar circumstances or victims suffered similar injuries.
We believe it is important to hold the liable party accountable for the harm you sustained as a result of your accident. For this reason, we investigate every accident claim we accept, documenting the unique damages and pursuing a settlement based on the evidence we gather.
Factors That May Play a Role in Your Truck Accident Settlement Value
When we put a fair settlement value on a claim, it is only after we have a good understanding of your injuries, prognosis, current losses, and likely future expenses and losses. We need to look at your claim from all angles and understand the unique details of your injuries and recovery and how the accident affected the other aspects of your life. This is the only way to pursue a just payout.
Some factors that may affect the settlement value in your claim include:
- The nature of your injuries and how severe they are
- The necessary treatment and care for your injuries
- Your long-term prognosis based on your injuries
- Whether you lost wages in the past or will in the future
- The cost of your past medical bills and anticipated future medical bills
- The actions of the trucker or other party at-fault in your accident
- Shared fault, if any, in your accident
- And many other factors
It takes time to assemble the evidence to prove all of the above factors. Once all of the evidence is assembled, expert witnesses may have to be hired to talk about the nature of your injuries and/or calculate your economic costs. Once all of this happens your attorney will be in a better position to determine a fair settlement value.
Your Attorney May Also Play a Key Role in Your Settlement Value
An average settlement for a truck accident may also be different if you handle your claim on your own versus letting a personal injury lawyer take care of your claim. An attorney’s skill negotiating with insurance companies may be an asset when it comes to pursuing a just payout.
A lawyer who frequently works closely on insurance settlements understands the techniques the insurance companies use to reduce the value of a claim and can take steps to mitigate or eliminate this tactic.
Your attorney will use the knowledge of your claim, the value of your damages, and other relevant factors, to demand, negotiate, and perhaps agree to a fair settlement deal with the insurance company. Because we carefully calculated the value of your claim, we always know what our client’s claim is worth and will not settle for an agreement that does not cover your expenses and future damages.
Your Lawyer May Recommend Filing a Personal Injury Lawsuit
In some instances, the insurance company may not agree to a fair settlement. If you are trying to handle your claim on your own, this likely means it is time to call an attorney. If you already have an attorney on your side, they may recommend filing legal action. This action could prompt the insurance company to increase its offer, or you may need to take your claim to trial.
In every case, in every state, a lawsuit must be filed within a certain amount of time after a truck accident. This is called a statute of limitations. Since we need time to conduct our investigation, determine the value of your claim, and take other steps to prepare for court, reach out to a truck accident lawyer as early as you can after your accident to get started.
Speak with a Truck Accident Lawyer in Florida Today
At Distasio Law Firm, we offer free reviews of truck accident claims. We may be able to explain your rights and make a preliminary determination about the liable party or parties in your claim.
If we decide to work together, you will work with a lawyer who understands how stressful this situation is for you and looks to help you navigate the process without increasing that stress. Let us take the weight off of your shoulders. We can take care of your insurance claim while you continue your treatment and recovery.
Call Distasio Law Firm at (813) 259-0022 today for your free consultation.