How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The time it takes to settle a trucking accident case varies from case to case. There are a number of factors that affect the length of time to settle.
It could take some time to determine who is accountable for an accident. An attorney can help identify all the liable parties and maximize the settlement.
What to Expect
The time frame for settlement in an 18 wheeler lawsuit is dependent on many factors including the amount of the amount of liability and damages. If the parties involved in the collision cannot reach an agreement on responsibility, this could greatly delay the proceedings. If there are disagreements about the evidence or testimony of witnesses, it could also delay the case.
Settlement amounts vary dependent on the severity of injuries, the insurance policy of the trucking company, and the existing state or federal regulations that govern commercial vehicles. Remember that plaintiff attorneys are paid on the basis of contingency. This means they are not paid until they win a case or reach an agreement.
Due to the serious and often fatal injuries that result from accidents involving semi-trucks, it's no surprise that these types of cases are a huge business for the attorneys who handle them. It's unusual to see settlements in these cases to be millions of dollars or more. This is particularly true when the trucking company has been declared to be negligent.
Liability
In the United States, there are more than 100,000 accidents each year involving 18-wheelers. Many of these truck accidents cause serious injuries or even death. Insurance companies often undervalue injuries and damages suffered by victims in these accidents. However, a good
18 wheeler accident attorney can level the playing field and negotiate with these big insurance companies to get their clients maximum settlements.
The defendants in a lawsuit against an 18-wheeler may be held liable for a variety of damages, including economic and non-economic damages. Economic damages may include medical bills, lost wages and future earnings. Non-economic damages can include emotional distress, disfigurement or reduced quality of life.
Attorneys who represent plaintiffs in 18 wheeler cases work on a contingency fee basis, meaning that they don't receive any money until they win their case and reach an agreement with their client. They must pay court fees and hire experts, as well as other specialists, travel, and other costs associated with winning the case.
Damages
18-wheeler accidents can lead to serious injuries, especially when they occur at high speeds. The impact of an 18-wheeler accident is more serious due to its weight and size. This means that the damages could be higher as well.
In addition to the property and medical damage that may result from an 18 wheeler crash victims may also be eligible for compensation for lost wages and the grief caused by the loss of a loved one. If you have experienced losses as a result of a semi-truck accident, a personal injury lawyer can assist you in determining all of the compensation that you may be entitled to receive.
It's not a secret that litigation can be expensive. Plaintiff attorneys must pay for depositions, travel, expert witnesses and court costs. They require the funds of their clients as quickly as possible. There are many ways that plaintiffs can get their money sooner 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 require to cover their expenses while they await their settlement.
Timeline
There are many elements that determine the time it takes to settle a truck crash case. The severity of your injuries is a significant factor. It is best to wait until your condition has improved to its maximum before settling. You could be eligible for future losses, for example, loss of wages or a lower standard of living. Your lawyer will have to provide evidence to back your claims.
Another reason that could delay the process of settlement is a dispute between parties over liability or damages. This can happen when multiple insurance companies are involved, or the parties are not able to agree on the fault of one party.
A skilled truck accident lawyer can help you determine whether the insurance company is offering you an acceptable amount for your claim and whether or not it will pay for all of your current and future losses. If the insurance company is unwilling to negotiate, it could be necessary to file a lawsuit which can extend the time frame for the case. In some cases it could take an entire year or more to settle the case.
Settlement
There are a variety of factors that can dramatically extend the time required for an
18 wheeler accident-wheeler lawsuit to reach a settlement. This includes the severity of injuries and the insurance considerations that are involved. It may also take a while for your doctor to provide documentation of permanent impairments that could affect your future losses. It is essential to never settle your claim too early, as it could result in you not receiving the funds you need to recover for your entire range of injuries.
Attorneys who represent plaintiffs in 18 wheeler accidents work on contingency fees. They aren't paid until they win their case or reach a settlement. They have to pay for court costs, travel expenses, and expert witness fees throughout the process of a 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 cover their legal costs out-of-pocket so that they can get the money they're owed sooner.
