How Long Does It Take to Settle an 18 Wheeler Lawsuit?
The time required to settle a trucking accident case varies from case to case. The length of time for settlement may be affected by several factors.
It could take an extended time to determine who is accountable for an accident. 18 wheeler accident attorney round rock can help identify all liable parties and maximize the settlement.
What to Expect
The time frame for settlement of a lawsuit against an 18-wheeler depends on a myriad of factors, including the liability and damages. The case can be delayed if the parties in the collision cannot agree on the cause of the accident. If there are any disagreements about witness testimony or evidence the process could take longer time to resolve these issues.
Depending on the extent of the injuries, the scope of the trucking company's insurance policy and existing state or federal regulations that govern commercial vehicles, settlement amounts can vary widely. It's important to remember that plaintiff lawyers are paid on a contingency basis, which means they don't receive compensation unless they win or reach a settlement in the case.
Due to the serious and often fatal injuries that can result from accidents involving semi-trucks, it's not a surprise that these cases are huge business for attorneys who handle them. Settlements often amount to millions of dollars in these cases. This is especially true when the trucking company has been considered to be negligent.
Liability
Every year there are over 100,000 accidents involving 18 wheelers in the United States. A lot of these truck accidents cause serious injuries and even death. In many cases, insurance companies make it difficult for victims of these accidents by offering settlement offers that do not reflect the extent of their injuries and the damages. However, a skilled attorney representing victims of accidents on 18 wheels can level the playing field and negotiate with these large insurance companies to get their clients the highest settlements.
In an 18-wheeler lawsuit the defendants could be held responsible for non-economic and economic damages. The economic damages can be medical bills, lost wages or future earnings. Non-economic damages can include pain and suffering and emotional distress, disfigurement, and a diminished quality of life.
Attorneys who represent plaintiffs in 18 wheeler cases are compensated on a contingency basis. This means that they won't get paid until their case is won and they settle with their client. In the meantime, they need to pay for court costs, conduct depositions, hire experts and other specialists, travel and pay for other costs related to winning a case.
Damages
18 wheeler accidents can result in severe injuries, especially if they are high-speed crashes. The effects of an 18-wheeler collision could be more severe due to its size and weight. This means that damages can be greater as well.
In addition to medical and property damages that can result from an 18-wheeler collision, victims may also be entitled to compensation for lost wages and grief that is caused by the loss of a loved. A personal injury lawyer can help you determine the maximum amount of compensation you are entitled to if have suffered losses as a result of the crash of a semi-truck.
Litigation can be expensive. Plaintiff attorneys must pay for things like travel to take depositions, pay expert witnesses, and cover court costs, which is why they must get their clients' money as soon as possible. There are a variety of ways that plaintiffs can receive their money faster after a settlement. These are referred to as post settlement advances or lawsuit loans. They are a great option for injured parties to cover costs while waiting for their settlement.
Timeline
There are many elements that determine how long it takes to settle a truck accident case. One of the most important factors is the severity of your injuries. You should wait until your medical condition has improved to the maximum before you settle. You could be eligible for future losses, like reduced wages or a decrease in the quality of life. Your lawyer will have to prove your claims.
Another factor that can lengthen the settlement process is a dispute between two parties regarding liability or damages. This can often happen when there are several insurance companies involved or the parties are arguing about who was at fault for the accident.
A reputable truck accident lawyer can help you determine if the insurance company is offering you a fair amount for your case, and whether or the insurance company will pay for all of your future and current losses. If the insurance company is not willing to negotiate, you may need to file a lawsuit which could extend the duration of the lawsuit. In some instances the case may take more than a full year to resolve.
Settlement
There are several factors that can make it take the longest time to settle an 18-wheeler lawsuit. This is due to the severity of the injuries and the insurance considerations involved. It could take some time for your doctor's documentation to reveal permanent impairments that could affect your future losses. It is crucial to not settle your claim for an accident too early because it could leave you without the money you need to recover for the full range of damage.
Attorneys representing plaintiffs in cases involving 18 wheeler-related accidents work on contingency fee and don't get paid until they win their case or reach a settlement. They have to pay for court costs, travel expenses, and expert witness fees during the course of the case.
As you can imagine, this can add up to a amount. A lot of plaintiff attorneys with 18 wheels make use of settlement cash advances or lawsuit loans to pay for the legal expenses they incur out of pocket. This lets them get their money earlier.