How Long Does It Take to Settle an 18 wheeler accident lawsuit Wheeler Lawsuit?
The time it takes to settle a trucking crash case varies from case to case. The timeline for settlement can be affected by several factors.
For instance, it could take time to determine who is responsible for the accident. An attorney can help identify all the liable parties and maximize the settlement.
What to Expect
The timeline for a settlement in a case involving an 18-wheeler is based on a variety of factors such as the liability and damages. The case can be delayed if parties to the collision do not agree on the fault. If there is disagreement about the evidence or testimony of witnesses, it could delay the proceedings.
Settlement amounts can be wildly different according to the severity of injuries, the insurance policy of the trucking firm and the laws and regulations of the federal or state that govern commercial vehicles. Keep in mind that plaintiff attorneys are paid on a contingency basis. This means that they don't get paid until they win a case or reach an agreement.
It's no surprise that semi-truck accident cases are a huge business for attorneys. As such, it's not common to see settlements in these cases to be millions of dollars or more. This is particularly true when the trucking company has been deemed negligent.
Liability
Each year, there are nearly 100,000 accidents involving 18 wheelers across the United States. Many of these crashes result in serious injuries and even death. The majority of insurance companies lower the cost of victims of these accidents with settlements that do not reflect the full extent of their injuries and damages. However, a skilled 18 wheeler accident attorney can even the playing field and negotiate with these huge insurance companies in order to obtain their clients the most lucrative settlements.
In a case involving an 18-wheeler, the defendants may be held liable for non-economic and economic damages. Economic damages can include medical bills, wages lost and future earnings. Other damages include emotional distress, disfigurement and diminished quality of life.
Plaintiff attorneys who handle 18 wheeler cases are paid on a contingency basis, which means they don't get paid until they prevail and agree to an agreement with their client. In the meantime, they have to pay for court costs, conduct depositions, engage experts and other specialists, travel, and pay for other expenses associated with winning the case.
Damages
18-wheeler accidents can cause serious injuries, particularly if they happen at high speeds. Due to the size and weight of these trucks, the impact can be even more devastating than a typical motor vehicle accident. The damages can also be more extensive.
In addition to medical and property damage that could result from an 18-wheeler collision victims could be able to claim compensation for lost wages and the grief that is caused by the loss of loved ones. If you have experienced loss as a result of a semi truck accident, a personal injury lawyer can help you determine the amount of the compensation that you could be entitled to receive.
It's no secret that litigation can be costly. Attorneys representing plaintiffs must pay for travel expenses and depositions, as well as hire expert witnesses, and pay court costs, which is why they need their clients' funds as quickly as possible. Fortunately, there are ways that plaintiffs can receive their money sooner after settlement. These are referred to as post settlement advances or lawsuit loans. They are a great option for those who have suffered injuries and need to cover their expenses while they await their settlement.
Timeline
A variety of factors affect the length of time it takes to settle an accident case that involves a truck. The severity of your injuries is a significant factor. You should wait until your medical condition has improved to its maximum before settling. You may be able claim future losses, like reduced wages or a decrease in the quality of life. Your lawyer will have to provide evidence to support your claims.
A dispute between the parties about the liability or damages could prolong the settlement process. This can happen when multiple insurance companies are involved or the parties disagree about the fault of one party.
A qualified truck accident lawyer can help you determine whether the insurance company is offering you a fair amount for your claim and 18 Wheeler Accident whether or it will cover all of your future and current losses. If the insurance company is unwilling to negotiate, it may be necessary to file a suit which can extend time for the case. In certain cases it could take more than a year for the resolution.
Settlement
There are a variety of factors that can drastically alter the timeline it takes for an 18-wheeler lawsuit to settle. This includes the severity of injuries and the insurance considerations involved. It may also take some time for your doctor's records to demonstrate permanent impairments, which could affect your future losses. Do not settle a claim for an accident too quickly, as it could leave you with no money to cover the full amount of losses.
Plaintiff attorneys who litigate in 18 wheeler accident lawsuit-wheeler crashes are paid on a contingency basis and are not paid until they win or agree to a settlement. They are required to pay court costs as well as travel expenses and expert witness fees throughout the course of a case.
As you might imagine, this could be quite costly. Many 18-wheeler plaintiff attorneys use settlement cash advances or lawsuit loans to cover the legal expenses they incur out of pocket. This allows them to get their money earlier.