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. There are a number of factors that can influence the time frame of settlement.
It could take an extended time to determine who is accountable for an accident. A lawyer can assist you identify all the liable parties and maximize the amount you receive.
What to Expect
The time frame for settlement of a lawsuit involving an 18-wheeler is contingent on many factors including the amount of liability and damages. If the parties involved in the collision cannot reach an agreement on responsibility, this could greatly delay the trial. If there are any disagreements about evidence or witness testimony, it may take more time to solve these issues.
Settlement amounts can be wildly different in proportion to the severity of injuries, the insurance policy of the trucking firm, and the existing federal or state regulations that govern commercial vehicles. It's important to note that plaintiff attorneys work on a contingency fee basis, meaning they don't get paid until they prevail or settle the case.
Because of the severe and often fatal injuries that can result from semi-truck accidents it's no surprise that these types of cases are lucrative for the attorneys who litigate them. Therefore, it's not common 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
In the United States, there are more than 100,000 crashes each year involving 18-wheelers. Many of these truck accidents result in serious injuries and even death. Often, insurance companies will lowball the victims of these accidents by offering settlements that do not reflect the full extent of their injuries and the damages. A skilled 18-wheeler accident lawyer can negotiate with large insurance companies and get the most favorable settlement for their clients.
The defendants in a case involving an 18 wheeler could be held accountable for various damages, including economic and non-economic damages. Economic damages may include medical bills, wages lost and future earnings. Non-economic damages can include pain and suffering, 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. They have to pay court costs, hire experts, other specialists, travel, and other expenses associated in winning the case.
Damages
18-wheeler accidents can cause serious injuries, particularly if they occur at a high speed. Due to the weight and size of these trucks, the impact could be even more severe than a typical motor vehicle accident. The damages could also be more severe.
In addition to the property and medical damage that may result from an 18 wheeler crash victims can also claim compensation for the loss of their income and the grief caused by the loss of a loved one. A personal injury lawyer can assist you to determine the amount of compensation you are entitled to if you are suffering losses as a result of an accident involving a semi-truck.
Litigation can be expensive. Attorneys representing plaintiffs have to pay for travel expenses to take depositions, pay experts to testify, and pay for court costs, so they must get their clients' money as fast as possible. There are a variety of ways that plaintiffs can receive their money more quickly after a settlement. These are referred to as post-settlement advances, lawsuit loans or settlement cash advances. These are an excellent way for injured parties to pay costs while waiting for their settlement.
Timeline
There are many factors that affect how long it takes to settle a truck crash case. One major factor is the severity of your injuries. It is essential to wait until you've reached maximum medical improvement before making a decision on settlement. This is because you might be eligible to claim future losses such as lost wages and a decreased quality of life. In addition, your attorney will require evidence to prove these claims.
Another reason that could delay the process of settlement is a dispute between parties over the liability of damages or liability. This can occur when multiple insurance companies are involved, or the parties disagree about who was at fault.
A reputable lawyer for truck accidents will help you determine if the insurance company is offering a fair amount for your claim and whether or the insurance company will cover all of your future and current losses. If the insurance company refuses to negotiate, it could be required to file a lawsuit which can extend time for the case. In certain instances it could take more than a full year to resolve.
Settlement
There are several factors that can make it take some time to settle a 18-wheeler lawsuit. 18 wheeler accident lawyer duluth includes the severity of injuries and the insurance considerations that are involved. It may also take some time for your doctor's records to demonstrate permanent impairments, which could affect your future losses. Do not settle an injury claim too soon as this can leave you without a sufficient amount to cover the full amount of damages.
Attorneys representing plaintiffs who litigate in 18-wheeler accidents are paid on a contingent fee basis and are not paid unless they win or agree to an agreement. This means they have to invest their own money to cover court costs, travel and expert witness costs all during the this case.
As you can imagine this can add up to quite a amount. A lot of plaintiff attorneys with 18 wheels utilize settlement cash advances or lawsuit loans to pay for their legal costs out of pocket. This lets them access the funds sooner.