How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The amount of time required to settle a trucking crash case can vary from case to case. There are many factors that could affect the length of time to settle.
For instance, it might take time to establish who is liable for the accident. A lawyer can help you determine the responsible parties and maximize the settlement.
What to Expect
The time frame for settlement of an 18-wheeler lawsuit depends on many factors, including the amount of liability and damages. If the parties involved in the collision are unable to reach an agreement regarding fault, this can greatly delay the process. If there is a dispute regarding the evidence or the testimony of witnesses, this could delay the proceedings.
Settlement amounts can vary greatly depending on the extent of injuries and the insurance policy of the trucking company and the laws and regulations of the federal or state that govern commercial vehicles. It's important to note that plaintiff attorneys work on a contingency fee basis, meaning they don't get paid until they prevail or reach a settlement in a case.
Due to the serious and often catastrophic injuries that can result from semi-truck accidents it's no surprise that these types of cases are huge business for lawyers who handle them. It's common for settlements in these cases to be millions of dollars or more. This is particularly true when the trucking firm has been deemed negligent.
Liability
Each year, there are more than 100,000 accidents involving 18 wheelers across the United States. A lot of these truck accidents cause severe injuries and even death. Insurance companies often undervalue damage and injuries suffered by victims in these accidents. However, a skilled league city 18 wheeler accident attorney wheeler accident attorney can even the playing field and negotiate with these huge insurance companies to ensure that they offer their clients the maximum settlements.
In a case involving an 18-wheeler, the defendants may be held liable for non-economic and economic damages. Economic damages could be a result of medical bills, league city 18 wheeler accident attorney wages lost and future earnings. Non-economic damages can include suffering and pain and emotional distress, disfigurement, and a lower quality of life.
Plaintiff attorneys who take part in 18 wheeler cases are compensated on a contingency basis. This means that they do not receive compensation until their case is resolved and they negotiate a settlement with their client. In the meantime, they have to pay court costs, attend depositions, engage experts and other specialists, travel and pay for other expenses that are related to winning a case.
Damages
18-wheeler accidents could cause serious injuries, especially when they occur at high speeds. Due to the size and weight of these trucks, the impact can be more devastating than a typical motor vehicle crash. This means that the damage could be greater as well.
In addition to the physical and medical damage that could result from an 18-wheeler crash victims can also receive compensation for their lost wages as well as the grief caused by the loss of loved ones. A personal injury lawyer can help you determine the total amount you can receive if you have suffered losses as a result of the crash of a semi-truck.
Litigation can be expensive. Attorneys representing plaintiffs have to pay for travel, depositions, expert witnesses, and court costs. They require the funds of their clients as quick as possible. There are a variety of ways that plaintiffs can receive their funds quicker after a settlement. These are known as post-settlement advances, lawsuit loans, or settlement cash advances. These are a great option for injured parties who need to cover their expenses while waiting for their settlement.
Timeline
A variety of factors affect the time it takes to settle an accident case which involves trucks. One major factor is the severity of your injuries. It is essential to wait until you have achieved your maximum medical improvement before making a decision to settle. This is because you might be able to claim future losses such as lost wages and a decreased quality of life. Additionally, your attorney will require evidence to prove these claims.
A dispute between the parties about damages or liability can also delay the settlement process. This is often the case when there are multiple insurance companies involved or when the parties are arguing about the who was responsible for the accident.
A reputable truck accident attorney can help you determine if the insurance company is willing to pay a fair amount and if it will be able to cover your future and current damages. If the insurance company is unwilling to negotiate, league City 18 wheeler accident attorney it might be necessary to file a lawsuit which can extend the timeline for the case. In certain cases the case could take longer 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 reach a settlement. The extent of the injuries and insurance considerations are two of the factors that can impact the timeline. It could take some time for your doctor's records to show permanent impairments which could affect your future losses. Do not settle a claim for an accident too early, as this could leave you without money to cover the full amount of damage.
Plaintiff attorneys who take on 18 wheeler accident lawsuit-wheeler collisions are paid on a contingency fee basis and are not paid unless they win or agree to an agreement. This means that they've had to put aside their own money to pay for the costs of court, travel, and expert witness fees all during the course of the case.
As you are able to imagine, this can be quite costly. A lot of 18 wheeler plaintiff lawyers make use of post settlement advances (also called lawsuit loans or settlement cash advances) to offset their legal costs out-of-pocket to get the money they are owed sooner.