How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The amount of time required to settle a trucking accident situation can differ from case to case. There are a number of variables that can affect the length of time to settle.
It could take an extended time to determine who is accountable for an accident. A lawyer can help you identify all the liable parties and maximize the settlement.
What to Expect
The time frame for settlement of an 18-wheeler lawsuit depends on a myriad of factors, including the liability and damages. The case could be delayed if the parties in the collision are not able to reach an agreement on who is responsible. Furthermore, if there is any disagreements regarding witness testimony or evidence, it may take more time to resolve these issues.
Settlement amounts can differ greatly according to the severity of injuries, the insurance policy of the trucking firm and the state or federal regulations that govern commercial vehicles. It is important to keep in mind that plaintiff lawyers work on a contingency fee basis, meaning that they won't receive compensation unless they win or reach a settlement in the case.
Because of the severe and often catastrophic injuries that can result from accidents involving semi-trucks, it's not a surprise that these cases are a huge business for the lawyers who represent them. In this way, it's not uncommon to see settlements in these cases to be millions of dollars or more. This is especially true when the trucking firm has been deemed negligent.
Liability
Every year, there are more than 100,000 accidents involving 18 wheelers in the United States. Many of these truck accidents cause serious injuries or even death. Most often, insurance companies lower the cost of victims of these accidents with settlements that do not reflect the full extent of their injuries and the damages. However, a good attorney for accidents involving 18 wheels can even the playing field and negotiate with these large insurance companies to get their clients the maximum settlements.
In a lawsuit brought against an 18-wheeler,
18 Wheeler Accident Attorney the defendants may be held liable for economic and noneconomic damages. The economic damages can be medical bills, lost wages and future earnings. Non-economic damages include suffering and pain as well as emotional distress, disfigurement, and diminished quality of life.
Attorneys who represent plaintiffs in 18 wheeler cases are paid on a contingency basis, which means that they don't receive any money until they win their case and reach an agreement for their client. In the meantime, they must pay court costs, attend depositions, employ experts and other specialists, travel and pay for any other expenses required to win a case.
Damages
18-wheeler accidents can result in serious injuries, particularly if they happen at high speeds. The impact of an 18-wheeler crash can be more than normal because of its weight and size. This means that the damages could be more extensive as well.
In addition to the property and medical damage that may result from an 18-wheeler accident victims can also receive compensation for their lost wages and the grief caused by the loss of loved ones. A personal injury lawyer can assist you to determine the full compensation you are entitled to when you were a victim of a semi truck crash.
It's no secret that litigation can be expensive. Attorneys representing plaintiffs must pay for things like travel for depositions, travel to court, hire expert witnesses, and pay court costs, which is why they must receive their clients' funds as quickly as they can. There are a variety of ways that plaintiffs can get their money more quickly after a settlement. These are referred to as post settlement advances or lawsuit loans. These are an excellent option for those who have suffered injuries and need to pay for their expenses while they await their settlement.
Timeline
There are a variety of factors that contribute to the time it takes to settle a truck crash case. The most important factor is the severity of your injuries. You should wait until your condition has improved to its maximum before making a decision on settlement. You may be able claim future losses, including lost wages or diminished quality of life. Your lawyer will have to present evidence to support your claims.
A dispute between the parties about the liability or damages could delay the settlement process. This can happen when there are several insurance companies involved, or if the parties are arguing over the who was responsible for the incident.
A reputable truck accident lawyer can help you determine whether the insurance company is offering an appropriate amount to settle your case and whether or it will cover all of your future and current losses. If the insurance company refuses to compromise, it could be necessary to file a lawsuit which could prolong the time frame for the case. In some cases the case could take more than a year to resolve.
Settlement
There are many things which can significantly extend the timeline it takes for an 18 wheeler lawsuit to reach a settlement. The degree of the injuries and insurance considerations are two of the factors that can impact the timeline. It could also take time for the documentation from your doctor to demonstrate permanent impairments, which could impact your future losses. It is essential to never settle your accident claim too early, as it could leave you without the money you're entitled to for the full extent of your damage.
Plaintiff attorneys who litigate 18 wheeler accidents are paid contingency fees. They don't get paid until they succeed in their case or negotiate an agreement. They are responsible for court costs, travel expenses, and expert witness fees during the trial.
As you can imagine, this can add up quite a bit. A lot of
18 wheeler accident attorney (
visit here) wheeler plaintiff lawyers make use of post-settlement advances (also known as lawsuit loans or settlement cash advances) to help offset their legal costs out-of-pocket so that they can get the money they are owed sooner.