How Long Does It Take to Settle an 18 wheeler accident attorney Wheeler Lawsuit?
The time required to settle a truck accident case varies from one case to the next. There are a number of variables that can affect the time frame of settlement.
It can take several months to determine who is responsible for an accident. A lawyer can assist in identifying the responsible parties and maximize the settlement.
What to Expect
The time frame for 18 Wheeler Accident Attorney settlement of an 18-wheeler lawsuit depends on many factors, including liability and damages. The case could be delayed if the parties to the collision do not agree on fault. If there is a dispute over the evidence or testimony of witnesses, this may also delay the case.
Settlement amounts vary in proportion to the severity of injuries and the insurance policy of the trucking firm and the current federal or state regulations that regulate commercial vehicles. It is important to keep in mind that plaintiff attorneys are paid on a contingency basis, meaning that they won't receive compensation unless they win or settle the case.
Due to the serious and often fatal injuries that can result from semi-truck accidents it's no surprise that these cases are big business for the attorneys who litigate them. Therefore, it's not uncommon for settlements in these cases to amount to millions of dollars or more. This is especially true when the trucking company has been considered to be negligent.
Liability
Every year, there are more than 100,000 accidents involving 18 wheelers in the United States. Many of these crashes result in serious injuries and even death. Insurance companies tend to undervalue the injuries and damages suffered by victims in these accidents. However, a good 18 wheeler accident attorney can even the playing field and negotiate with these large insurance companies in order to obtain their clients the maximum settlements.
The defendants in a lawsuit involving an 18-wheeler may be held liable for various damages, including economic and non-economic damages. Economic damages may include medical bills, lost wages or future earnings. Other damages include pain and suffering, emotional distress, disfigurement and reduced quality of life.
Plaintiff attorneys who handle 18 wheeler cases work on a contingency fee basis, which means that they don't get paid until they prevail and agree to a settlement for their client. In the meantime, they must pay for court costs, conduct depositions, employ experts and other experts, travel and pay for any other expenses related to winning a case.
Damages
18-wheeler accidents can lead to serious injuries, especially when they occur at a high speed. Due to the size and weight of these trucks, the impact may be more severe than a regular motor vehicle accident. This means that the damages could be more severe as well.
In addition to the medical and property damage that may result from an 18-wheeler accident victims can also claim compensation for lost income and the grief caused by the loss of loved ones. If you have experienced losses as a result of a semi-truck accident, a personal injury lawyer can help you determine the amount of the compensation you could be entitled receive.
The cost of litigation can be high. Plaintiff attorneys must pay for travel expenses to take depositions, pay experts to testify, and pay for costs for court, so they need their clients' money as soon as possible. There are a variety of ways that plaintiffs can get their money quicker after settlement. These are referred to as post settlement advances or lawsuit loans. They are a great choice for those injured and need to cover their expenses while they await their settlement.
Timeline
A variety of factors affect the amount of time it takes to settle an accident case with the truck. One of the major factors is the severity of your injuries. You should wait until your medical condition has improved to the maximum before you settle. This is due to the fact that you may be in a position to claim future losses such as lost wages or a diminished quality of life. In addition, your attorney will need evidence to prove these claims.
A dispute between the parties about the amount of liability or damages can prolong the settlement process. This is often the case when there are multiple insurance companies involved, or if the parties disagree on who was responsible for the accident.
A reputable lawyer for truck accidents can help you determine whether the insurance company is offering you a fair amount for your case and whether or it will be able to cover all of your future and current losses. If the insurance company isn't willing to negotiate, you may need to file a lawsuit and this can extend the timeline of the case. In certain instances the case could take longer than a year to settle.
Settlement
There are a few elements that can cause an extended time to settle an 18-wheeler lawsuit. The severity of the injuries as well as insurance considerations are two elements which can influence the length of time. It could take a bit of time for your doctor's records to identify permanent impairments that could impact the future loss you suffer. It is crucial to never settle your claim too early, as it could result in you not receiving the funds you'll need to recuperate the full extent of your injuries.
Plaintiff attorneys who handle 18 wheeler-related accidents work on contingency fees. They aren't paid until they win their case or reach an agreement. They must pay for court costs, travel expenses, and expert witness fees throughout the course of a case.
As you can imagine this can add up to a amount. A lot of 18 wheeler plaintiff lawyers use post settlement advances (also called settlement cash advances) to offset the legal costs they incur out of pocket so that they can get the money that they are owed sooner.