How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The time needed to settle a trucking accident case varies from case to case. There are many factors that can influence the time frame of settlement.
It can take some time to determine who is accountable for an accident. A lawyer can assist in identifying the parties responsible and maximize the settlement.
What to Expect
The timeline for a settlement of an 18-wheeler lawsuit depends on many factors, including liability and damages. The case could be delayed if parties to the collision cannot reach an agreement on who is responsible. Furthermore, if there is any disagreements regarding evidence or witness testimony and testimony, it could take longer time to solve these issues.
Depending on the extent of the injuries, the amount of the insurance policy of the trucking company and the existing state or federal regulations that govern commercial vehicles, settlement amounts can be wildly different. It is important to keep in mind that plaintiff attorneys work on a contingency fee basis, meaning that they don't get paid unless they win or reach a settlement in a case.
Due to the serious and often fatal injuries that result from semi-truck accidents it's no surprise that these types of cases are lucrative for the attorneys who handle them. Therefore, it's not uncommon to see settlements in these cases to exceed millions of dollars or more. This is especially true if the trucking company has been declared to be negligent.
Liability
In the United States, there are more than 100,000 accidents each year that involve 18-wheelers. A lot of these accidents result in serious injuries or even death. Insurance companies often undervalue injuries and damages of victims in these accidents. However, an experienced
18 wheeler accident attorney can level the playing field and negotiate with these massive insurance companies to secure their clients the most lucrative settlements.
The defendants in a case involving an 18 wheeler could be held accountable for a variety of damages including economic and non-economic damages. Economic damages could include medical bills, lost wages, and future earnings. Non-economic damages include pain and suffering and emotional distress, disfigurement and a diminished quality of life.
Plaintiff attorneys who litigate in 18 wheeler cases are paid on a contingent basis. This means that they don't receive compensation until their case is won and they negotiate a settlement with their client. In the meantime, they must pay for court fees, take depositions, employ experts and other specialists, travel, and pay for other costs associated with winning a case.
Damages
18 wheeler accidents can lead to severe injuries, especially if they are high-speed crashes. Due to the weight and size of these trucks, the impact of an accident can be more severe than a normal motor vehicle crash. This means that the damage could be higher as well.
In addition to the medical and property damages that result from a collision with an 18-wheeler, victims may be able to claim compensation for the loss of earnings and grief caused by the death of loved ones. If you've suffered losses from a semi truck accident A personal injury lawyer can help you determine all of the compensation you are entitled to receive.
It's no secret that litigation is expensive. Plaintiff attorneys must pay for travel expenses and depositions, as well as hire experts to testify, and pay for costs for court, so they require their clients' money as soon as they can. Fortunately, there are ways that plaintiffs can get their money quicker after the settlement. These are called 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
Many factors influence the amount of time it takes to settle an accident case involving a truck. One of the major factors is the severity of your injuries. It is important to wait until you have achieved your maximum medical improvement before settling. You could be eligible for future losses, for example, lost wages or the lower quality of living. Your attorney will need to provide evidence to back your claims.
Another reason that can delay the settlement process is a dispute between parties regarding liability or damages. This can occur when there are several insurance companies involved or the parties are arguing over the who was responsible for the accident.
A qualified truck accident lawyer will help you determine if the insurance company is offering an adequate amount for your case, and whether or not it will cover all of your future and
18 Wheeler Accident Attorney current losses. If the insurance company is not willing to negotiate, you could have to file a lawsuit which could extend the time frame of the case. In some cases it could take an entire year or more to solve the issue.
Settlement
There are several factors which can cause an extended time to settle an
18 wheeler accident-wheeler lawsuit. This includes the severity of injuries and the insurance considerations involved. It can also take time for your doctor to provide documentation of permanent impairments that could affect your future losses. Don't settle an injury claim too soon as this can leave you without a sufficient amount to cover all losses.
Attorneys representing plaintiffs in cases involving 18 wheeler crashes work on contingency fees. They aren't paid until they succeed in their case or negotiate a settlement. They must pay for court costs along with travel and expert witness fees throughout the course of a case.
As you can imagine, this can add up quite a bit. A lot of plaintiff attorneys with 18 wheels utilize settlement cash advances or lawsuit loans to offset their legal costs out of pocket. This lets them get the money sooner.