How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The time required to settle a truck accident situation varies from case to the next. The timeframe for settlement can be affected by a variety of factors.
It could take a long time to determine who is responsible for an accident. A lawyer can help identify the parties responsible and maximize the settlement.
What to Expect
The time frame for settlement of an 18-wheeler lawsuit depends on many factors, including the liability and damages. The case may be delayed if the parties in the collision do not agree on the cause of the accident. If there is a dispute over the credibility of witnesses or evidence of witnesses, this may delay the proceedings.
Settlement amounts can vary greatly according to the severity of injuries and the insurance policy of the trucking firm and the federal or state regulations that regulate commercial vehicles. Remember that plaintiff attorneys are paid on the basis of contingency. This means that they don't get paid until they succeed in winning a case or reach a settlement.
It's not a surprise that semi-truck accidents are a big business for attorneys. In this way, it's not common for settlements in these cases to reach 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 wheeler accident law firms wheelers across the United States. Many of these accidents cause serious injuries and even death. Insurance companies often undervalue injuries and damages of 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.
In a lawsuit involving an 18-wheeler the defendants could be held responsible for non-economic and economic damages. Economic damages may include medical bills, lost wages and future earnings. Other damages include emotional distress, disfigurement or diminished quality of life.
Attorneys who represent plaintiffs in 18 wheeler cases are paid on a contingency basis, meaning that they don't receive any money until they succeed in their case and negotiate an agreement for their client. In the meantime, they have to pay for court costs, conduct depositions, hire experts and other specialists, travel, and pay for other expenses associated with winning a case.
Damages
18 wheeler accidents can result in severe injuries, especially when they're high-speed crashes. Due to the weight and size of these trucks, the impact can be even more severe than a regular motor vehicle crash. This means that damages can be greater as well.
In addition to medical and property damage that could result from a 18-wheeler crash, victims may also be entitled to compensation for lost wages and the grief caused by the death of a loved. A personal injury lawyer can help determine the full compensation you are entitled to if you have suffered losses as a result of an accident involving a semi truck.
Litigation can be expensive. Attorneys representing plaintiffs must pay for depositions, travel expenses, expert witnesses and court costs. They must receive the money of their clients as quick as possible. Fortunately, there are ways for plaintiffs to get their money faster following a settlement. These are known as post settlement advances or lawsuit loans. These are an excellent way for injured parties to cover costs while waiting for their settlement.
Timeline
A variety of factors affect the amount of time required to settle a case with a truck. The most important factor is the severity of your injuries. You should wait until your condition has improved to the maximum before settling. This is because you might be entitled to claim future losses such as lost wages or a diminished quality of life, and your attorney will need evidence to support these claims.
Another factor that can lengthen the settlement process is a dispute between parties over liability or damages. This can often happen when there are multiple insurance companies involved or the parties are arguing about who was responsible for the incident.
A qualified attorney for truck accidents can assist you in determining whether the insurance company offers you a fair amount and if it will cover your current and future damages. If the insurance company refuses to negotiate, it might be necessary to file a suit which can extend the duration of the case. In certain cases the case could take longer than a full year to resolve.
Settlement
There are a variety of factors that can dramatically extend the time frame required for an 18-wheeler lawsuit to settle. The severity of the injuries and insurance considerations are two aspects that can impact the timeline. It could take a bit of time for your doctor's report to show permanent impairments which could affect the future loss you suffer. Do not settle an injury claim too soon as this can leave you without a sufficient amount to cover all losses.
Plaintiff attorneys who take on
18 wheeler accident lawsuit-wheeler collisions are paid on a contingency basis and do not get paid until they win or agree to a settlement. This means they have had to spend their own money to cover expenses for travel, court costs and expert witness costs all during the course of this case.
As you can imagine this can add up to a quite a lot. A lot of plaintiff attorneys with 18 wheels employ settlement cash advances, or lawsuit loans to cover the legal expenses they incur out of pocket. This lets them access the funds sooner.
