Average Settlement for Truck Accident Typestrucks.Com Already know california truck accident settlements and verdicts? Or want know average settlement for commercial vehicle accident?
There is no average settlement for truck accident nowadays. The value of an injury resulting from a semi-trailer accident depends on who is at fault, evidence or aggravation of negligence, severity of injury, insurance available and the lawyer you hire. So, what is the average settlement for a 18-wheeler accident?
Average Settlement for Truck Accident
What Laws in Texas Can Apply to a Car Accident?
Limitation Period: Time is always of the essence when it comes to filing a claim for truck accident settlements and verdicts. In most cases, the limitation period is 2 years from the day of the accident. An exception to this rule is about minor injuries. In addition, complaints filed against an agency must be filed much earlier.
Comparative negligence: In a situation where the actions of the plaintiff contributed to the accident, the minimum truck settlement worth is reduced to the percentage of fault. Rule 51 prohibits the claimant from receiving any compensation if the fault is judged to be greater than 50%.
Calculation of Potential Compensation
In theory, the average settlement for truck accident recovery and injuries sustained in a truck accident should simply be calculated using semi truck accident settlement calculator as follows:
• The sum of the cost of replacing personal property + actual medical expenses + expected future medical expenses + compensation for pain and suffering, disability, disfigurement and impairment + wages lost + verifiable loss of future wages.
• Less relative guilt percentage assigned to the complainant.
How The Injury Affects the Causes of Traffic Accidents?
#1. Physical Damage and Emotional Trauma
Serious and catastrophic injuries, even rear-ended by a commercial truck settlement, are altercation between a large truck and a car. The most common are:
• Complex fractures
• Post-traumatic stress
• Internal organ damage
• Neck and spinal cord damage
#2. Medical Expenses
The time to resolve the average settlement for truck accident of 18 wheel case depends on the lawyer you choose and the facts of your case. During this time, victims can use personal insurance to cover immediate costs.
Healthcare is expensive and the cost of a serious injury can be enormous to semi truck accident verdicts. A head injury often occurs when a car is involved in a collision with a semi-trailer. This type of injury takes a heavy economic toll on the victim and the whole family. The cost can reach $ 4 million itself.
#3. Non-Economic Damages
The system recognizes the validity of non-economic damages, these are very subjective and the average settlement for truck accident is not easy to calculate. The value is proportional to the testimony of experts and statements from the family. Examples of uneconomic harm include:
• Loss of company
• Pain and suffering
• Emotional distress
• Loss of enjoyment of life
• Changes in family dynamics
#4. Loss of Wages and Future Income
Determining the value of lost wages can be as simple as multiplying the applicant’s current hourly wage by the number of hours, or by breaking down an annual salary into an hourly rate. The process becomes more complicated to count an average settlement for truck accident when you consider:
• Loss of sick
• Any overtime
• Impact on retirement
• Loss of accumulated vacation
• Bonuses or anticipated increases
• Reduction in 401 (k) contributions
Serious injuries are likely to affect future earning capacity in calculating the average cost of a commercial truck accident. The projection of future loss of income is often based on:
• The job
• The salary before the injury
• Anticipated potential advancement
• The age, health and education of the injured party
You can expect the company lawyer to try to blame your case and shrink the average settlement for truck accident. The trucking lawyers are adept at countering defense tactics. They must have been helping victims of road accidents for over three decades and have not lost any lawsuits.